Signs You Should Ask for a Raise.
You should ask for a pay raise if you’ve accomplished your work plans, exceeded performance expectations, or provided a business-critical skill for more than six months in the same company.
Reasons to ask for it.
45% of Americans seek new jobs due to low pay. So, one reason to ask for a raise is to hang on to your job. Another reason is getting compensated for the value you provide.
Suggested quiz: Should I quit my job?
How to ask for it.
According to Kevin O’Leary, a Canadian businessman, you should tell your manager: “Here’s what I’m worth. I’ve done a fantastic job for you to hit your goals, and I’d like to get compensated like everybody else.” That’s how you ask for a raise when you’re underpaid.
This Quiz Determines if It’s the Right Time.
The salary raise quiz is a set of 20 business questions, identifying if you should ask for a wage increase.
It analyzes your sector, performance, and skills to come up with accurate results.
5 Things to Consider Before Asking for a Raise.
For many, it’s more of a “When” question. They wonder when the right time is to ask for higher pay. If that’s the case, consider the following factors.
#1. Average pay rate.
You should ask for a pay raise if you’re doing the same job as everyone in your sector while uncompensated or underpaid.
One way to compare your pay to others is by checking out Salary.com, a database of US jobs and their average salary.
#2. Changes in responsibilities.
Have you taken on new roles or extra tasks lately? If yes, you must negotiate a raise.
As mentioned in the Fair Labor Standards Act, any employee should receive additional payment for overtime or extra work.
#3. Performance delivery vs. expectations.
Compare your performance with the company’s expectations. If your work exceeds the prospects, you should ask for a raise.
#4. Provided value.
Creating additional value for an employee lets you ask for a raise.
If your job has helped the company grow beyond plans, it’s time to ask for more.
#5. Business-critical expertise.
Does the company live on your skills? If yes, you should ask for a raise. Business-critical expertise makes you eligible for above-average pay.
Good News: It’s Not a Yes-or-No Quiz.
Questions like “Should I ask for a raise?” are complicated. And a yes or no answer does not come in handy. That’s why the quiz offers more than that.
Here’s everything you could learn by participating.
· The amount of a raise you should ask for.
Do you ask yourself, “How much of a raise should I ask for?” The quiz has the answer. It reveals what percentage to ask for according to your needs and skill.
· The best timing.
If you’ve been working for the same company or person for more than six months, now is the best time to ask for a raise. But if you’re unsure about the timing, take the quiz.
· Additional expert tips.
The salary raise quiz offers bits of advice on how to ask for higher pay. So, it’s like consulting a professional in advance.
By the way, if you’ve decided to quit your job because of the low pay, take our other test called, “What Is My Dream Job?” It helps you figure out the ideal career.
That’s it. Now, you’re ready to find out if you should ask for a raise. Hit the start button!
