How to: Ask for a Raise (& actually get it!)

Summary

In this video, filmmaker Aaron McGoff shares essential steps for confidently asking for a raise at work. He emphasizes the importance of researching salary norms, documenting achievements, and preparing a clear pitch. Viewers are encouraged to schedule a meeting with their boss rather than ambushing them and to make a direct request based on their contributions and market value. McGoff advises being ready to negotiate and to follow up if no immediate action is taken. Ultimately, he reassures viewers that asking for a raise is a professional request for fairness, not a personal favor.

Takeaways

• 😀 Asking for a raise is a professional transaction; you're not asking for a favor but seeking fair compensation for your value.
• 😀 Research salary benchmarks in your area using websites like Glassdoor, PayScale, and LinkedIn to understand your market value.
• 😀 Keep track of your accomplishments and contributions to the company to support your case for a raise.
• 😀 Practice your pitch before the meeting, clearly stating your achievements and how your role has evolved.
• 😀 Schedule a formal meeting with your boss instead of ambushing them; timing matters.
• 😀 Clearly state your request for a raise and provide specific data to justify it.
• 😀 Be prepared to negotiate; your boss may not be able to give an immediate answer.
• 😀 Follow up on your request if you don't hear back within a week, and document everything in writing.
• 😀 If denied a raise, ask when you can revisit the conversation, and consider setting a date for a follow-up.
• 😀 Know your worth; if the company doesn't meet your expectations after a reasonable period, consider seeking new opportunities.

Q & A

What is the main topic of Aaron McGoff's video?

The main topic is how to ask for a raise at work, emphasizing the importance of preparation and confidence.

Why does Aaron believe asking for a raise is important?

Aaron believes it is important because many people are likely underpaid and should be compensated fairly for their contributions.

What are the first steps Aaron recommends before asking for a raise?

He recommends doing research on salary averages in your area using websites like Glassdoor, PayScale, and LinkedIn.

How should one prepare a list of accomplishments for the raise discussion?

One should keep track of achievements and positive feedback throughout the year to highlight contributions effectively during the meeting.

What is the suggested approach to practice your pitch for the raise?

Script and rehearse your pitch, acknowledging your enjoyment of the job, discussing accomplishments, and clearly stating your request for a raise.

What is a key strategy for setting up a meeting to discuss a raise?

Schedule a formal meeting instead of ambushing your boss, ensuring it's a good time when both you and your manager are not stressed.

What should you do during the meeting when making the ask?

Present your case clearly without diving into specific numbers initially, allowing your boss to react and open the conversation.

What should you expect after making your raise request?

You should expect that your boss may need to discuss the request with HR or finance, and they may not be able to give an immediate answer.

How important is follow-up after asking for a raise?

Follow-up is very important to ensure your request is being considered, and it helps keep the conversation active.

What advice does Aaron give if your raise request is continually denied?

If your request is consistently denied and you feel underpaid, Aaron advises considering leaving the company, as staying might not lead to the compensation you deserve.