**Asking for a Raise: What You Need to Know**

By Jobtransparency Blog
Published on September 30, 2024
Unlocking the Secrets of Salary Success: A Guide to Confidently Asking for a Raise
When it comes to asking for a raise, many of us freeze. In fact, a staggering 57% of employees haven't mustered the courage to request a salary increase in their current field. But why? Fear of being perceived as pushy, discomfort with negotiation, and uncertainty about timing are just a few reasons holding us back.
However, the truth is that timing is crucial. Research reveals that the best time to ask for a raise is when you're happy in your job, not when dissatisfaction sets in. Satisfied employees who ask for a raise are more likely to receive it, with a whopping 44% getting what they asked for.
On the other hand, internal candidates often face hurdles like pay-band restrictions, which limit their bargaining power. External candidates, on the other hand, tend to have greater leverage. High-income earners, lawyers, and men are more likely to receive raises, with 70% of those earning over $150K getting what they asked for.
So, what's the secret to successfully asking for a raise? It starts with reframing the conversation. Instead of viewing it as a daunting negotiation, approach it as a collaborative discussion. As Victoria Pynchon, co-founder of SheNegotiates.com, puts it, "A negotiation is simply a conversation between two or more people whose purpose is to agree to terms beneficial for all."
To boost your chances of success, focus on asserting your achievements and preparing a solid case for your request. Start by practicing your negotiation skills with friends, family, and even vendors. This will help you build confidence and develop a persuasive approach.
Remember, asking for a raise is not just about asking for more money; it's about presenting your value and worth to your employer. By developing your negotiation skills and timing your request strategically, you can unlock the secrets of salary success and take your career to new heights.