Salaries, Salary Transparency

How Soon Can You Ask for a Raise?

We all want to make more money at our jobs, and sometimes, coming out and asking for a salary bump is the only way to get there. Incidentally, 56% of employees have never asked for a raise, according to data from CareerBuilder, but the danger of staying quiet is losing out on the chance to not only earn more at present, but possibly in the future as well.

Still, there’s a right time and a wrong time to ask for a raise, and jumping the gun could cause that conversation to go very, very poorly. The question is: How soon is too soon to request a salary boost?

The one-year rule doesn’t always apply

You may have heard that you’re generally supposed to hold off on asking for more money until you’ve been at your job for a year. The upside of waiting until that point is that by then, you’ll have established yourself as a valued employee who’s earned the right to make that request. The downside, however, is losing out on money you could use immediately.

In fact, there are plenty of scenarios where it certainly pays to ask for a raise well before the one-year mark. If, for example, you’re promoted without a change in salary, you have every right to sit down with your manager and ask to be compensated accordingly. Even if your title doesn’t change, if your responsibilities increase drastically over a certain period of time that’s less than one year, there’s nothing wrong with scheduling a conversation with your boss and asking that your salary reflect the level of effort you’re putting in.

Finally, it’s often the case that workers are hired to do one thing but wind up doing far more from the get-go. If that’s the case, then you’re more than justified in having that raise conversation several months in, or whenever it is you come to realize that the job you’re doing is much more complicated and time-consuming than its original description indicated it would be.

Of course, if you’re been at the same job for, say, seven months, and you’re doing the same things at present that you were when you first started, then you might have a harder time successfully negotiating a raise. Still, that doesn’t mean you can’t try, especially if you do your research and find that you’re earning much less than the average worker with your job title.

The right way to ask for a raise

If you are going to ask for a raise before you’ve been on the job for a full year, go in with a solid argument in its favor, and aim to back up that argument with actual data. For example, if you’ve been at your company for 30 weeks and have worked late almost every night for 27 of them, that’s a valid reason to ask for more money — but bring along a log showing what sort of hours you’ve clocked in so your boss can see for himself. Similarly, if you’re going to request a raise on the basis of your actual job being much different than its initial description, dig up that old listing and get it in front of your manager.

Finally, there’s no need to go out of your way to acknowledge the elephant in the room. Rather than start off that conversation with, “I know I haven’t been here a year yet, but…,” get right to the point. This way, your boss is less likely to fixate on the fact that you’re asking for more money after a relatively short period of time.

That said, be prepared for the possibility that your manager won’t be willing to talk salary boosts until the one-year-mark is reached. If that’s the case, you’ll need to sit back and be patient. But it still never hurts to try.

This article was originally published on The Motley Fool. Reprinted with permission.

 

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