(And actually get one!)
If you don't ask, you don't get! Follow these steps for a fool proof guide to ask for a raise - the key lies in making a compelling case for yourself.
Familiarize yourself with your org's compensation strategy/philosophy, if applicable. Apply your company's compensation philosophy when building your case.
Provide concrete facts and examples that demonstrate your performance (KPIs and metrics) as well as your soft skills, including leadership abilities.
Don't forget to include how you exemplify the company's core values and uphold the purpose/mission through your actions.
When pitching your case to your boss, make sure to also provide market research on similar roles (be sure to factor in years of experience, company size, location, equity and any other factors that make up your total rewards)
Go in with a clear ask. What % increase are you looking for? How much does that work out to? Is there anything else that could round out your compensation package that you feel is missing?
It'll be harder to say no to you if you've made a strong case for yourself! If you're turned down for a legitimate reason, make a plan with your boss to improve, hit some clear objectives and plan on speaking about comp again in 3-6 months. Good luck!
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