How to Ask for a Raise in 2023: The Ultimate Guide

Financial Pilgrimage Learn more

Are you being underpaid and want to make more money? The quickest way to a better salary is to ask for a raise. But asking for a pay increase involves way more than just a question.

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You’ll need to show your boss your worth to the company and how they would benefit from giving you a raise.

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While this shouldn’t be too complicated of a process, there are some specific things you’ll want to do before asking for a raise.

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Brainstorm Your Value and Accomplishments

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Take Inventory of Your Job Duties

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Researching Pay Scale

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Raise Amount

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Mock Conversation

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How to Ask for a Raise in 2023: The Ultimate Guide

Are you being underpaid and want to make more money? The quickest way to a better salary is to ask for a raise. But asking for a pay increase involves way more than just a question.

You’ll need to show your boss your worth to the company and how they would benefit from giving you a raise.

While this shouldn’t be too complicated of a process, there are some specific things you’ll want to do before asking for a raise.

01.

Prepare Ahead of Time

Brainstorm Your Value and Accomplishments

02.

Think of concrete examples showcasing your talent and how the company has benefitted from your employment. Mentioning statistics is also a smart idea.

Take Inventory of Your Job Duties

03.

Look at what job duties were listed for your role when you first started working. Has your company added more responsibilities but not increased your pay?

Researching Pay Scale

04.

A pivotal element to landing a pay raise is knowing the pay scale of your current job. You must know your worth to prevent getting underpaid.

Raise Amount

05.

A good starting point is asking for a 10% increase from your current salary. Of course, you may not get the same salary increase you request, but even a 5% raise would be significant.

Mock Conversation

06.

Go over what you plan to say to your boss with someone else or out loud to yourself. It’s best not to memorize everything you’re going to say but go over some key talking points.

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