With wages increasing across many industries in 2021, negotiating a raise is a skill to master to advance your career. People should navigate the challenges asking for a raise. Keep these things in mind when considering how to approach a potentially sensitive subject of asking for a wage increase:

When do you ask for a raise?  

You want to consider asking for a pay increase for the following reasons:

  • A new job

  • Your current role

  • Negotiating a promotion at work

  • Transitioning between careers

Life transitions happen, and a raise can help you navigate financial changes.  

Reflect on your achievements  

Process the end of the year and your contributions to the organization. Did you go beyond your job duties this year? Did you meet your goals? Have you even helped other team members achieve their goals or complete a big project that helped your employer? Know your worth and be confident and assertive but not arrogant.   

Analyze medium salary data   

Salaries are not always a “one size” fits all geographically. The cost of living varies by region, state, and local market. Wages should reflect this reality. Look into expected salary ranges for your industry and your market. You could be below salary, and an adjustment would be needed.

Anticipate a target range  

After you parse the data and look over your job description: 

  • Take a few things into consideration. 

  • Figure out what would be fair for you and the employer. 

  • Always be reasonable. 

Anywhere between a 3–5% pay increase would be typical, but it could be higher depending on your circumstance or industry.  

Consider the organization’s finances.  

You may not want to do this if it is a down year. If this is the case, it might not be a time to ask for a raise. Although, if things seem healthy, there is nothing wrong with asking for a pay increase. Do not be emotional nor expect to present your current salary as a problem.  

Consult your friends or family  

It is always good to lean into your network and inner circle to figure out how to proceed. A trustworthy friend or family member can help you face challenges and give you needed advice. Try not to take negative feedback too personally.

Since 1988, WSi has been an expert in staffing healthcare professionals. If you want to find an ideal rate for your work, please get in touch with us today.