Read More: Important Skills Job Seekers Need In The Next Year
HRDept - Connecting Kind Employers and Candidates
Asking for a salary raise is a significant milestone in anyone's career. It requires not only confidence but also thorough preparation and a well-thought-out strategy. To help you succeed, let’s explore essential points to consider, with the support of HRDept, a platform connecting Kind Employers with potential candidates.
1. Evaluating the Reasons and Timing
1.1. Identifying the Reasons for Requesting a Raise
Ask yourself: “Why do I deserve a salary increase?” Valid reasons may include:
Outstanding performance: You have consistently exceeded work targets, achieving specific results such as increasing revenue by 120% of the set goals.
New responsibilities: Taking on additional tasks or stepping into a managerial role.
Market competitiveness: Your current salary no longer aligns with industry standards.
1.2. Choosing the Right Time
According to a survey by HRDept, the ideal times to request a raise include:
Right after performance evaluations: 70% of high-performing employees successfully received raises when they made their requests at this time.
When the company is performing well financially: This is when the organization is more likely to accommodate your request.
2. Preparing Thoroughly Before Meeting Your Boss
2.1. Gathering Data and Hard Evidence
Assessing market value: Use salary survey tools or reports provided by HRDept to understand the average salary for your role. For instance, a marketing professional with three years of experience in Ho Chi Minh City typically earns 15-20 million VND per month.
Listing personal achievements: Prepare a detailed list of your accomplishments, such as:
Increasing revenue by 25% within six months.
Winning the “Outstanding Employee Award” for two consecutive quarters.
2.2. Practicing Your Pitch
Practice makes perfect. Role-play your conversation with a colleague or friend acting as your boss to refine your approach.
3. Presenting Your Case Effectively
3.1. Communicating Clearly and Professionally
When making your request:
Start with gratitude: Thank your boss for their support in your work.
Provide concrete evidence: Use numbers and examples to demonstrate your value to the company.
3.2. Proposing a Reasonable Salary Increase
Based on HRDept's survey, a reasonable raise typically ranges from 10-20% of your current salary. Avoid proposing excessively high increases, as this may lead to a negative response.
4. Handling Difficult Scenarios
4.1. If Your Request Is Declined
Ask for specific feedback on why your request was rejected. Then, request a clear roadmap to achieve a raise in the future.
Example: An employee in Hanoi had their raise request declined but, after addressing the feedback, focused on improving their skills and received a 15% raise six months later.
4.2. If You Receive an Ambiguous Response
Be patient and follow up. Plan to revisit your request after 3-6 months, while continuing to deliver outstanding performance.
5. Comparative Data: Strategic vs. Non-Strategic Salary Negotiations
| Criteria | With Strategy | Without Strategy |
|---|---|---|
| Success rate | 85% | 45% |
| Average raise percentage | 15% | 7% |
| Time to achieve the goal | 6 months | 12 months |
6. HRDept's Support
HRDept not only helps you find career opportunities but also acts as a partner in crafting your personal development strategy. With its comprehensive data and insights, HRDept can assist you in:
Assessing fair salary levels: Providing accurate market statistics.
Building a professional profile: Increasing your chances of career advancement.
Requesting a salary raise is not merely asking for more money—it is a way to affirm your value. With thorough preparation, professional communication, and the support of HRDept, you can confidently achieve your goals.
Turn this process into an opportunity to grow your career and build a stronger, positive relationship with your boss!
Tell us what you need at https://hrdept.net/en/contact