Asking for a pay rise can feel intimidating, but timing it right can make all the difference. To increase your chances of success, it’s important to approach the conversation when conditions are in your favour. While there’s no perfect formula, there are certain moments that give you an edge when requesting that well-deserved salary boost.
1. After a Major Achievement
One of the best times to ask for a pay rise is after a significant achievement at work. Whether you’ve completed a major project, exceeded performance targets, or taken on additional responsibilities, it’s the perfect moment to highlight the value you’ve brought to the company.
When your contributions are fresh in your manager’s mind, it’s easier to justify why you deserve an increase. Be specific in your conversation by pointing out how your work has positively impacted the business.
2. During Your Performance Review
Performance reviews are a natural time to discuss compensation. Many companies have structured reviews annually or bi-annually, making this an ideal opportunity to bring up salary discussions.
During these meetings, you’re already focusing on your performance, goals, and future development, so it’s a good moment to request a raise if your performance has been strong.
Preparation is key: come ready with examples of your successes and how you’ve exceeded expectations.
3. After a Positive Company Performance
If your company has been doing particularly well financially, this is a strategic time to ask for a raise. When profits are up, or the company has recently secured a big contract or deal, decision-makers are often more open to discussing salary increases.
Be mindful of timing, though—wait for an appropriate time to discuss how you’ve contributed to the company’s success.
4. When Taking on New Responsibilities
If you’ve recently taken on new or more challenging responsibilities, that’s a good reason to ask for a raise. Whether you’ve started managing a team, leading a new initiative, or taking on more complex work, it’s essential to align your compensation with your increased workload.
In this case, frame your request around how your role has expanded and why that deserves a higher salary.
5. When the Market Shifts
Another good time to ask for a pay rise is when the job market changes. If salaries in your industry have increased, or if your skills are in high demand, you can use market data to support your request.
Research the average salaries for your role, experience level, and location, and present this information during your negotiation. Showing that your current pay isn’t in line with industry standards can be a compelling argument for a salary review.
6. After Reaching a Work Anniversary
Many employees use their work anniversary as a milestone to discuss pay. After dedicating another year to the company and contributing to its goals, it’s a reasonable time to revisit your compensation.
Work anniversaries give you a natural way to reflect on your progress and achievements, making them a solid moment to ask for a raise.
Things to Avoid When Asking for a Pay Rise
- Right after a company setback: If your company has experienced financial difficulties, layoffs, or other setbacks, it may not be the best time to request a raise. Wait for the situation to stabilise before raising the topic.
- When you’re feeling frustrated: If you’re unhappy with your current salary, avoid asking for a raise out of frustration. Take time to prepare a logical case based on your performance and market value, rather than letting emotions drive the conversation.
- Without preparation: Never go into a pay rise conversation unprepared. You should have clear examples of your contributions, an understanding of the company’s financial health, and a solid sense of market salary trends.
How to Approach the Conversation
When you do decide to ask for a raise, it’s important to approach the conversation professionally and strategically. Here are a few tips:
- Prepare your case: Have specific examples of how you’ve added value to the company, whether through revenue generation, cost savings, or taking on additional responsibilities.
- Do your research: Know what the market rate is for your role and level of experience. This will give you a solid basis for your request.
- Be confident, but not aggressive: It’s essential to be confident in your value, but remain polite and open to discussion. Your request should be framed as a conversation, not a demand.
- Have a backup plan: If a pay rise isn’t possible, consider asking for other benefits, like flexible working hours, additional holiday, or professional development opportunities.
Conclusion
Knowing when to ask for a pay rise is just as important as knowing how to ask. By timing your request around your achievements, performance reviews, and the company’s success, you’ll improve your chances of getting the salary you deserve.
With preparation, confidence, and the right timing, asking for a pay rise doesn’t have to be daunting.
