5-Tips for Asking for a Raise
5-Tips for Asking for a Raise
With more than half of Canadians asking for a raise this year, arming yourself with the tools and a plan that will benefit your request are key. Be prepared to discuss the value you add to the company and if you have that value in a tangible dollar figure, even better.
In the second part of an eight part series on Randstad Canada’s Labour Trends Study 2014 -Demanded Skills and Expectations, we take a look at how to ask for a raise in 2014.
Part 1: Canadians are optimistic on the economy
In our study conducted by Ipsos-Reid on behalf of Randstad Canada, Canadians said they were optimistic about their opportunities to get a raise. Asking for a raise isn't easy and if done wrong can delay or even scuttle your career. Of those polled more than half (51%) of those polled said they expect to receive a raise in 2014, with those in Quebec (58%) and Alberta (57%) feeling much more confident in receiving a salary increase than those in Ontario (46%) or British Columbia (48%).
Here are 5-Tips for Asking for a Raise
1. Be prepared with numbers to back up your request: One of the strongest ways to prove yourself to your boss and their superiors when you begin discussions about receiving a raise is to include your key performance indicators or KPIs in your argument. If you can say that because of your superior work you’ve helped the company achieve more, it is easier for you to argue that you deserve to be paid more. If your role doesn’t include data-based metrics try to get creative in how you communicate your value to the company - even if it is just communicating your division's broad success and touting your stellar attendance record.
2. Come with a plan: It isn’t enough to just prove that you’ve done great work in the year prior to your meeting, you need to have a plan for how you’re going to continue to improve those numbers, benefit the business and grow personally as an employee. Include a quarterly and year-long plan for the programs you are developing, or ideas on how you are going to continue to add value to the programs that your managers are conducting.
3. Self-learning, certifications and new skills: If you’ve developed new skills and you’re able to demonstrate them, or you are using skills that are outside of your job description this is the time to remind your employer that you’ve grown in your position and you contribute a lot. If you have new language certifications, can perform new digital tasks, or have displayed the ability to conduct media interviews or public relations, or anything new that has business value; this will be a great discussion point to bring up with leadership.
4. Brand ambassadorship: Marketers often say that the greatest tool a business has in marketing its wares, or services is word of mouth. That word of mouth starts from your brand’s best ambassadors, who should be their employees and partners. Showing that you are a positive brand advocate and your voice has helped grow the brand within your networks and community shows that you’re not only a good employee, but that you are a dedicated and influential brand ambassador; loyalty is important.
5. Update your Linkedin profile, build new connections, network: There is nothing wrong with continuing to network for your career even though you’re happily employed. Networking has many benefits, it shows your employers that you aren’t complacent, you can build contacts that can benefit your current role and it is a tidy way to remind your employer that you’re a desirable employee without have to flat-out saying, “other companies are looking to hire me,”, which is something you shouldn’t’ say to anyone. Businesses rise and fall, your network is your safety net, it can be your future.
Randstad's National Compensation Survey
If you are aiming for a raise it is important to know where your salary stacks up against the competition. To help you gauge what to ask for as your raise this year, review Randtad Canada’s National Compensation Survey. Download your guide today.
Do you expect to get a raise this year? If not, why not, share your thoughts with us on Twitter @RandstadCanada
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