One of the most common times to ask your boss for a raise is during your performance evaluation. This is the point where you are given the results of how well they feel you have done for the year and what areas you can improve on. If you get a good review and no mention of a raise is addressed you can either bring it up at that point or, after leaving the review, schedule some time to talk with your manager again. At that point, make sure to discuss the positive review, how long you have worked with the company and any other points you want to make in order to ask for the raise.
On the other hand, if you had a poor review or had a lot of issues over the past year - your review may not be the best place to ask for the raise. Instead, you will want to spend a few months proving your self and your work to the boss and then ask for the pay raise. Another time that you should wait to ask is if you company just lost its biggest client (especially if you were at all involved), is having a management overhaul or your boss is having some major issues with other employees.
There are also little events that happen in a company that should send up flags to ask for a raise. These can be as simple as you saving the company a large amount of money or having a large sale or signing a big client, to big record breaking profits and earnings. You can also use personal events that may trigger a change such as getting married or having a baby. These are often good times to discuss a raise because the company understands you have additional responsibilities and as long as you have been performing your job well and exceeding your expectations they may go for it.
Asking for a raise doesn’t impact your career negatively, unless you are asking when you don’t deserve it. If you are prepared to prove your value to the organization and see an opportunity, it makes since to grab it. So you ask, when to ask for a raise? When you deserve it!
Tags: Money & Salary
