Are youworth more than youre paid?
If so, have you asked for a raise?
Dont let nerves keep you from asking for the money you deserve.
Boost your confidence by preparing yourself with our guide to how to get a raise.
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Before you even consider negotiating, investigate whether your current employer is in a position to offer you anything.
Next, consider your own standing within the company.
Review your work to confirm youve been doing a good job.
If youve been consistently getting great feedback and hitting your targets, youre on the right track.
Along with your last performance review, compile your accomplishments in a document that your boss can review.
Calculate How Much to Ask For
How much are you worth?
The Bureau of Labor Statistics compileswage data for over 800 occupations.
snag the title for more details.
Its also a good idea to base the amount on your achievements.
Just dont let that be your whole argument.
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Butwhenis the best time to ask for a raise?
When you look most valuable, ideally.
Remember: Even though this raise might be important to you, your boss is human, too.
Consider their perspective and mindset before you launch into your demands.
Schedule the appointment with your employer at a time that you know they can focus on the topic.
Even though you do all this, you may not get the raise.
Or at least, not the raise you wanted.
First, hear out your employer and prepare yourself for more than a simple yes or no.
It could just be a not now.
Then make it your priority to meet these goals, documenting your achievements along the way.
Then, consider your options.
Is this a fair offer?
Is this a deal-breaker?
Reflect on how this decision will affect your work life going forward.
And if you do get the amount you ask for congrats!
If All Else Fails…
Although a raise may be highest on your list, it may not always be an option.
Some companies have rigid policies about pay ranges for a particular position or level.
And remember that cash isnt everything;benefits are also part of your compensation package.
Need a Hand With Bills?
Listen, we know its tough out there.
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Steve Gilman is a former contributor to The Penny Hoarder.
Mike Brassfield, Adam Hardy and Tiffany Wendeln Connors contributed to this report.