Finance Globe

U.S. financial and economic topics from several finance writers.
2 minutes reading time (333 words)

How to Ask for a Raise at the End of 2017

asking-for-pay-raise-money

With 2017 coming to an end, it won’t be long before you turn your attention to the new year. This can mean many things to you both on a personal and professional level.

As an employee, you may have one thing on your mind at this time: earning more money in 2018.

While there are many ways to reach this goal, one of the best is to simply ask for a raise. There is no guarantee your employer will comply, but it’s something you should strongly consider.

If you come to the conclusion that you want to ask for a raise as 2017 comes to a close, these three tips will put you in position to succeed:

•    Speak with the right person. You don’t want to discuss a raise with someone who doesn’t have the power to make a final decision. Instead, get in touch with the person who can say yes or no to your request. This will save you a lot of time and stress.
•    Be reasonable with your request. It’s one thing to ask for a $5,000 raise. It’s another thing entirely to request $50,000 or more. When you’re reasonable, there’s a much better chance that you’ll get what you ask for.
•    Back up your request with reasons why you should receive a raise. It’s not good enough to simply request a raise. You need to have a list of reasons why you deserve it. For example, you could compile data showing that you’re one of the top performers in your department.

These are just a few of the many tips you can follow if you want to ask for a raise at the end of 2017.

Final note: the worst that can happen is you are turned down for your raise and you then have to consider your other options.

Do you have any experience asking for a raise? Were you successful? What approach did you take? Share your personal strategy in the comment section below.

Yes, there are Benefits of Using a Credit Card
Should You Buy Your First Home?
 

Comments

No comments made yet. Be the first to submit a comment
Guest
Wednesday, 23 October 2019

Captcha Image