Three Ways to Get a Raise

Your next raise is not going to happen on its own — but let’s talk about how to make it happen. This is the good stuff. The stuff your manager isn’t going to tell you. But I will, because I’m in your corner.

There are three ways to get a raise, and the theme for all three is the same: you need to take some action.

This is where those of us who are humble or introverted have thinking that works against us. We think our work speaks for itself. We think all we need to do is keep our heads down and do great work, and the raise and promotion will come on their own. Unfortunately, that almost never works. If you want something in your career, you need to make your own plan and keep working that plan.

Here’s how.

1. Actually ask for one

Have a conversation with your manager. Bring justifications. Make your case for why you deserve a raise. Use your past performance reviews. Talk about the goals you’ve exceeded. Talk about the great things you’ve done that show you operating above the level you’re being compensated at.

Do this respectfully and professionally. It may not work, but you won’t know until you try.

2. Get on the promotion path — and get promoted

This is the way to get a big raise. You initiate it by asking your manager for a career-focused conversation. Here’s the script:

Would it be OK with you if I scheduled a separate conversation to talk about my career sometime in the next two weeks? I’ve been thinking about my career goals and I’d really value your insight. I’d also like to work with you on a plan to achieve these goals.

That’s it.

After this conversation, you’ll know if your manager is willing to work with you on your next promotion. Even if it takes six months or a year to achieve, it could be a huge win for your career.

3. Interview for other jobs

If neither of the first two methods is successful, that’s when you should consider trying number three: interviewing for other jobs.

I know it’s difficult and it’s annoying — but it’s the most common way to get a big bump in compensation. And don’t just target one position that looks good. Interview at many places. You’ll get good at interviewing; it’s its own skill set.

Then use one of your new offers to negotiate a raise at your current place — or make the leap, start a new job at a higher compensation, and start a new adventure.

Let’s take your career to new heights.