Here's how you can successfully negotiate a raise with your current employer.

1 Prepare Well

Before you even schedule a meeting with your boss, thorough preparation is crucial. Start by reflecting on your achievements and how they've contributed to the company's success. Document your accomplishments, any additional responsibilities you've taken on, and positive feedback you've received. Understanding your worth and being able to articulate it confidently is the foundation of a successful negotiation. Remember, knowledge is power, so research the typical salary for your position in the industry to ensure your request is realistic.

2 Timing Matters

Choosing the right moment to discuss a raise is almost as important as the discussion itself. Aim for a time when your contributions have been particularly noticeable or after successfully completing a significant project. Avoid busy periods where your boss may be too stressed to consider your request. If your company has a review cycle, aligning your request with this period can be advantageous, as budget allocations for raises are often decided then.

3 Start Positive

When the moment arrives to talk to your boss, begin the conversation on a positive note. Express your appreciation for your job and the opportunities you've had. Highlight your enthusiasm for what lies ahead and make it clear that you see your future with the company. Starting with positivity sets a collaborative tone for the negotiation and demonstrates that you're not just in it for the money but are also invested in the company's success.

4 Be Specific

Clarity is key when discussing numbers, so approach the conversation with a specific salary figure in mind. This number should be based on your research and take into account your experience, achievements, and the value you bring to the company. Don't just state the figure; justify it with concrete examples of your work. Being specific shows that you have thought this through and are serious about your proposal.

5 Listen Actively

Negotiation is a two-way street, so be prepared to listen as much as you talk. Pay close attention to your employer's responses and concerns. Active listening demonstrates respect and allows you to address any objections they may have. Remember, negotiation is about finding a mutually beneficial solution, so be open to compromise and ready to adjust your request if necessary.

6 Follow Up

After your discussion, send a follow-up email thanking your boss for their time and summarizing the key points of your conversation. This not only shows professionalism but also provides a written record of your request and the rationale behind it. If a decision wasn't made during the meeting, politely inquire about when you can expect an update. Persistence and follow-up are often necessary parts of securing a raise.

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?