Here's how you can evaluate your desired salary or raise effectively.

1 Know Your Worth

To start, thoroughly research the typical pay range for your position in your geographic area and industry. Websites that provide salary data can give you a ballpark figure, but remember to consider your unique skills, experience, and education level. If you've taken on more responsibilities or have specialized expertise, factor these into your evaluation. Your goal is to arrive at a number that's not just average but aligns with your specific professional profile.

2 Assess Value

Next, reflect on the value you bring to your company. Have you led successful projects, saved costs, or introduced innovations? Quantify your contributions in terms of efficiency, revenue, or other relevant metrics. This self-assessment will bolster your confidence and provide concrete evidence to support your request for a raise or higher salary. Remember, it's about what you've demonstrably contributed, not just what you've done.

4 Future Potential

Consider your future potential and career trajectory. If you're on a path that will see increased responsibility and skill development, factor this into your salary evaluation. Employers are often willing to invest more in employees who show promise of growing with the company and contributing at a higher level over time. Articulate how your career goals align with the company’s objectives and how a raise or higher salary can be an investment in their success as well.

6 Timing Matters

Finally, timing can significantly affect the outcome of your salary discussion. Aim for a moment when your recent achievements are fresh in the mind of your employer, or during annual review periods when budgets are typically set. Avoid times of company-wide stress or downturns. By choosing the right moment, you're more likely to engage in a productive conversation and achieve a positive result.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?