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How to Ask for a Raise and Get it, Live on Lakeside

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How do you ask for a raise? In a television interview, I was asked about my advice on how to ask for a raise with which I offered several suggestions.

Here are my tips to help you ask for a raise (and get it!):

  • Be realistic: Understand the market in which you work and what you are worth — rough idea — ask around since wages vary by cities.
  • Know your company’s policy: some companies only provide raise once a year.
  • Understand the state of your company: can it support a raise?
  • Schedule time for the discussion: this should not be a drive-by ask.
  • Justify your request: Build your business case to justify your ask (ways you’ve helped the company earn or save money- concrete dollar amounts).
  • Present yourself well: You are selling yourself, present yourself in a professional manner for the ask.
  • Avoid ultimatums and keep to the facts: Minimize your emotions, stick to the fact based on results.
  • Ask and wait: Like any good salesperson, silence can be your best friend. After asking an important question, be silent.
  • Build a plan: regardless of the response, work to understand the next steps and build a plan to get from where you are to where you want to go.
  • Yes: Understand when and how you will receive the raise
  • No: Why not and what do you need to do to position yourself for a raise. Follow-up
  • Thank You: Thank your boss for their time and follow-up with a written thank you.

How Successful Women Network for Professional Growth 3 - http://bit.ly/TSWNetworking3

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