Here’s What Happened When I Asked for a Raise
Asking for a raise is easier said than done. That’s why we asked several professionals (and SoFi members) about the last time they requested a raise, and what happened when they did. These are their stories.
“I gathered proof of projects completed (either money savings and numbers saved, or advancements in our offerings and documentation of that), professional advancement (high level IT certifications achieved over the last two years) and numbers showing that my current salary was below average for the area I lived and for the same position in the company. My boss agreed with all of my points, and HR came back and actually gave me more than I had asked for.”
“An approach that I have found to be successful is to begin the conversation by asking if my managers believe I add value and would like me to stay at the company. I think open, honest conversations where you talk about value and expectations are a helpful way to frame it. Sometimes the answer is, ‘You are not providing enough value.’ Then you can say, ‘What would I need to do over the next six months to meet the standard required to earn that much money?’ Then you map it out with them and get yourself in gear to accomplish what you have mapped out.
And the conversation seems less like a hostage situation in that approach. It’s more, ‘It may not make sense for you to pay me this much, but it is what the market is willing to pay. I will be sad, because I love it here, but will understand if I need to move on.’ The first time I took that approach they said, ‘You are not doing enough.’ I then got very objective expectations for the next six months and reached them. The next two times I got a significant raise.”
“I’ve received 13% and 11% within the past 4 years. The big shift was realizing I had to take control of my income and not depend on someone else to decide.”
“I just got a raise/promotion in January. We get a raise every year with our annual review and a promotion when appropriate. As long as I work where I do I won’t ask for a raise. However, I did ask for a larger promotional raise this year. They offered me 8%, and I countered with 10%, and they accepted based on the reasons that I gave them that I deserved what I was asking for.”
“I finally got the courage to ask for one, and my boss has been wonderful. We’ve had biweekly meetings on how I can grow, and he’s pushing for me to get a promotion. So far so good! I can’t say my promotion is guaranteed, but it’s definitely a great feeling knowing I have some support.”
“I asked for a raise ‘out of cycle,’ so not close to year end reviews. The scope of my work and responsibilities had increased quite a bit. I didn’t go into my boss’s office to specifically ask for a raise, although that was the ultimate goal. I first talked to him about the increase in responsibilities and how I had successfully managed the increase in scope…He came back (a few days later) with a significant raise.”
“Began the conversation with a manager about 6 months prior to the year end performance review. Clearly stated what I expected in terms of the amount and set a tone that made it clear this wasn’t optional for me. Made it clear I was ready to look for new opportunities and most importantly, I was ready to act on those promises. I also knew where I stood in relation to my colleagues as far as performance and pay and had supporting evidence to justify my raise. Six months later I received a raise that was near 15% of my base salary.”
“I asked 3 years ago, after an exceptional annual evaluation and peer review. It took 4 months, mostly because I work for a state agency and there is tons of red tape, but I was given a new job title and received a 7% raise.”