This morning I was reading an interesting post from entrepreneur and investor James Caan. In it, he outlines some best practices around reaching out to your manager about a raise. It’s an interesting article, and you can read the full thing here.
…With that said, getting that larger-than-expected-raise (you’re probably getting a small one anyway) boils down to four questions that your manager is asking him/herself when you broach the request:
2. Will giving a raise here cause compression issues?
3. Does he/she deserve it?
4. Do I have the money in the budget?
Three of these four things are largely outside of your control, and with this in mind I don’t think there’s any harm in asking. If you’re really underpaid relative to your peers and/or the market, a good manager will do whatever is possible to correct for this over time.
As always, please share your thoughts in the comments section below.