True story: The first time Mallory asked for a raise, it took her six months to work up the courage to speak to her boss. After working with her money coach, she built up the confidence to ask one more time, and get that overdue and well-deserved raise.
60% of women say they’ve never negotiated their salary—and many quit their job instead
Asking for a raise is basically like assigning a dollar value to yourself — and hoping your employer agrees. That’s a lot of self-esteem and self-worth on the line, and it’s perfectly normal to feel nervous or scared about it.
Step 1: Know yourself
What do you feel insecure about, what do you know your value to be, and what have you achieved? Ask yourself these questions because they’ll serve as the foundation for this major conversation you’re about to have.
If helpful, journal or create your own running list of achievements so you can clearly see all you’ve done for your team and company.
Step 2: Conversation not confrontation
It's important to remember that this is actually a conversation, a give-and-take. That doesn’t mean it’s casual, though. Do your research, check out what others in your position are getting paid, and be prepared to have more than one discussion about it.
And remember that your boss is also a person, trying to navigate their own set of obstacles and expectations. If you go in with this human mindset, it’ll feel more like a chat, and less like a confrontation.
Step 3: Ask, clearly
It’s your responsibility to be as clear as possible. Your boss can’t read between the lines here. Ask for what you want clearly so you can walk out knowing you did everything you could.
Step 4: Follow up, always
As if this process weren’t hard enough, it requires follow-up. Don’t let that intimidate you. It’s a normal part of it.
The good news?
You don’t have to navigate this alone. These are the kind of conversations that require research, practice, and planning. A Money Coach can help you build your plan, practice your conversations, and keep you on track. If you’re looking for a supportive, judgement-free zone, you’ve got it with us.