What Do I Do If My Raise Is Not Enough?

How much of a pay increase should I ask for?

As a general rule of thumb, it’s usually appropriate to ask for 10% to 20% more than what you’re currently making.

That means if you’re making $50,000 a year now, you can easily ask for $55,000 to $60,000 without seeming greedy or getting laughed at..

How can I raise my salary concern?

Steps in Asking for a Pay Raise: Research an Appropriate Pay RaiseFamiliarize yourself with your employer’s pay practices. … Research the market pay rates for your job. … Read your employee handbook. … Network with other employees in similar jobs in similar industries to determine your salary competitiveness.

What to do if your boss says no to a raise?

When your boss says no to a raise: 6 steps to takePinpoint why the request failed. … Examine if you can offer better metrics. … Ask for direct input. … Reconsider timing. … Find out if it’s you. … Decide whether to walk.

What are the reasons for salary increase?

We have put together some possible reasons and arguments for a salary increase, with which you can convince your manager.Your contribution to positive changes. … Your contribution to cost savings. … You have gained more qualifications. … Your responsibilities have increased. … You ensure customers.More items…

Can they fire you for asking for a raise?

Although there’s no law against it, firing employees simply for asking for a raise isn’t a good business practice. You want to keep employees who put their best efforts into their job, and are willing to go the extra mile.

How do you nicely tell employees they are not getting bonuses?

Explain that the company will not be giving monetary bonuses for the current year. Tell the employees that you did not come to the decision lightly, and you understand everyone who has received a bonus in the past expected one for the current year as well.

What to do when you don’t get the raise?

7 Things to Do After Your Request for a Raise Gets Denied1) Stay Calm if Your Raise Request was Denied.2) Ask Why You Were not Given a Raise.3) Don’t Become a Jerk.4) Focus on the Future.5) Request Ongoing Check-ins.6) Have a Contingency Plan.7) Think About a New Job.

What should you not say when asking for a raise?

Here are nine things you should never say when asking for a raise.I deserve a raise. … If you don’t give me a raise, I’m leaving. … I need more money because I’m drowning in debt. … I’m overdue for a raise. … Joe is making more money. … I want an X% increase. … You’re underpaying me. … I do the job of 2 people.More items…•

How often should you get a raise?

In most cases, you shouldn’t ask for a raise more than once a year. Of course, there are exceptions to this rule, like if your employer didn’t give you a raise six months ago but promised to revisit the issue in another four months based on performance goals or available funding.

How do you respectfully ask for a raise?

Share your goals and ask for feedback.Proactively communicate wins.Demonstrate your accomplishments and added value.Focus on why you deserve it (not why you need it).Practice your pitch and anticipate questions.Do your research.Talk about the future.Be prepared to hear no.

How long should you go without a raise?

Technically, two years could be considered the maximum time you should expect between raises, but don’t allow it to go that long. If you wait to start your job search until 24 months have passed, you may not be in a new job until you’re going on a third year of wage stagnation.

Are you entitled to a pay rise every year?

Generally, you can expect to discuss compensation or a pay rise at least every 12 months, however ultimately, it’s up to employers to choose whether – and when – to increase staff pay.

Can you sue your job for not giving you a raise?

Unfortunately, unless you have a contract guaranteeing raises, there is no legal right to raises. If you have a contract that requires you to get raises based on a certain time frame or performance rating, then you may have a lawsuit, otherwise, you have no cause of action.

How can I communicate with no salary increase?

Be direct, but also be empathetic. To start your no salary increase letter, explain the current financial climate and the steps that your team has taken to analyze options for improving your financial situation. This will help give your employees context as to why no merit raises will be given.

Should I ask for a raise or quit?

If your motivation to consider leaving is about the money or your position; ask for a raise or a promotion. Do so tactfully and without threatening to leave and see what happens – You might get what you ask for! Before you make the request set a reasonable and personal deadline for an expected response.