How to ask for a raise - even if it's your first job after college

How to ask for a raise – even if it’s your first job after college

Getting low salaries is a common complaint, but most people, especially recent college graduates, never ask for a raise.

Let’s face it, conversations about money, especially asking for more of it, can be somewhat awkward and intimidating. But what most people don’t realize until late in their career is that you won’t automatically get a premium for doing a good job. Sometimes you will – but not always.

Anna Camp, a student major at George Washington University, said: “There’s this strange dichotomy in the American workforce where we’re supposed to work hard, and it’s so ingrained in us from kindergarten through 12th grade and beyond, that we need to Let’s be serious workers.” University. “And then there’s this disconnect,” Camp said, where workers don’t ask questions, don’t demand better wages or better work environments for themselves.

Anna Camp, Senior Student Major at George Washington University

Source: Anna Camp

The combination of feeling that too much is expected of you in the workplace and that you are not a good advocate for yourself can lead to an unhappy or toxic work environment.

“I think that has caused some of the problems that we’re seeing, so instead of having those conversations, we’re leaving for a better opportunity,” Camp said.

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Some people think that it could jeopardize their job or standing in the company if they ask for more. In reality, however, the worst outcome is that the president will say no, while earning respect for their trust and persistence. The best that can happen is for your employer to agree with you, and if there’s money in the budget, you’ll get that raise.

Now, this does not mean that you ask for a salary increase the moment you walk in the door or for no reason. There are a few things to keep in mind when asking for a pay increase:

1. Ask for a raise only if you are underpaid for the job you do.
Know what you and the job you are doing are worth – and ask for a raise when you deserve it.

2. Be prepared. You should enter into that conversation prepared by researching the salary range for this job in your area and with a list of talking points about what you have accomplished and why you deserve it.

3. Pay attention to the timing. If this is a difficult time for the company, your department, or your boss, it may be wise to wait until conditions improve. This will increase your chances of getting a bonus, whether it is the full amount you are asking for or a part of it.

4. Be generous but proactive if you don’t understand it. If you ask for a salary increase and you don’t get it, you can do two things: 1) ask what you can do – maybe take on more responsibilities; Or 2) Ask them to think of a bonus, extra days off, or something else that you really want. They may not have the money in the budget, but if they want to keep you, there are other things they can offer you as a compromise to keep you happy.

Some good news: With rampant inflation in the US and major resignations in full swing, a lot of companies are ramping up their payroll budgets. The average gross salary increase is expected to reach 3.5% in 2022, up from 3% in 2021, according to the Conference Board.

Some companies automatically give employees small increases per year of about 2% to 3% to account for the increase in the cost of living.

It’s something Brad Cox, director and owner of a 12-person architecture firm in San Jose, California, said he does on the anniversary of each employee’s hiring.

If a worker asks for an additional merit raise in salary, Cox said he wants someone willing to spend the time and research making a compelling case. “I would be inclined to raise someone’s salary if their job position changed and they were basically promoted to a different realm of money,” he said. “I would like to see data on what the market endures and what their peers achieve.”

Asking for a raise with no major claims to support the demand is a big red flag for employers across the board. Cox firmly believes that the increase should be related to the current market as well as what others of the same skill level are doing.

Cox also points out that employers will get a good service by making sure they don’t underpay or overpay employees.

“It’s really important not to get into a situation as an employer where you’re underpaid for good performers and somewhat overpaid for poor performers. This is death to the company culture. They will eventually find out somehow,” he said.

While some employees will inevitably earn more than others depending on the circumstances, it is good practice that the discrepancy in salaries reflects something tangible in order to prevent further problems arising among employees.

There is also no one-size-fits-all approach to asking for a raise. Don’t imitate the way someone else did. Find what suits you.

In 2019, Carl Melchior, a graduate student at American University, landed a job in the Mike Kearns Environmental Sustainability Program at West Nottingham Academy, where he assisted with sustainability programs and promoted an environmentally positive curriculum. After about a year in the position, he decided to pursue a salary increase.

Carl Melchior, a graduate student at American University.

Source: Carl Melchior

“I didn’t ask for a premium specifically—it was during contract negotiations. I made them a value proposition mainly because they were in the process of looking for a teacher, so I offered to teach a class in order,” Melchior said.

While Melchior was the one who started the show, the end result was the same: a pay increase.

Camp was fortunate in her last job as a college chancellor: When the new leadership arrived, they dramatically increased the salaries of all counselors, a development some had been waiting for for years. Camp recalled some even shedding tears of joy upon hearing the expected news.

This particular moment only underscored the importance of knowing how to engage in these kinds of conversations and negotiations when the time is right.

Melchior and Camp both agree that doing your research on why you’re receiving a pay raise can make or break an employer’s decision.

Another effective technique is to start interviewing for similar jobs at other companies. Then, when you get an offer — or more — go back to your current employer and claim that extra income.

Melchior suggested “Come with multiple offers from similar centers that offer a certain amount of money and ask for matching offer.”

In the event that the conversation does not end with the desired outcome, it is important to maintain a strong sense of professionalism.

It’s also important to stay positive and keep working hard. If you change that approach just because you’re angry that you didn’t get the raise you asked for, it won’t move you forward. You are only hurting yourself. The message is, get over it and stay on track.

One thing you can do is volunteer for new tasks and responsibilities like Melchior. Check in with your boss regularly to make sure you’re doing everything possible to get to the next level – in your career and in your salary.

“Always maintain respect because you at least want to keep this relationship fun even if you can’t get what you want right now,” Camp said. “You never know who you’re going to work for in the future.”

college money 101″ is a guide written by college students to help class of 2022 students learn about the huge money problems they will face in life — from student loans to budgeting and getting their first apartment — and make smart financial decisions. And even if you’re still in school, you can start using this guide now so that you’ll be financially smart when you graduate and start your adult life on a great financial path. Christiana Corboron He is a two-term strategic content trainee on the boards of CNBC. She is currently a student at George Washington University. Guide edited by Cindy Berman.

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