When Is A Good Time To Ask For A Raise?

Sometimes knowing when to call for a raise is the most important thing factor in determining whether you get one. The following is a list of signals that now could be a good time to ask for a raise:

1.  You just finished a major project that had a major financial impact on the company—one that can be directed in terms of new revenue. Money saved, etc.

2.  The company is hiring lots of different people (signaling revenue and profit growth).

3.  The company just reported soaring profits and revenue growth.

4.  Your department head was just promoted or lauded by senior management—she’s in a good mood.

5.  You just finished a milestone, an anniversary or other accomplishments that is customarily provided with a pay increase in your company.

6.  Your company’s stock price is near a sharp point.

7.  You’ve recently accepted more responsibility and you’re doing a good job.

8.  You just finished a degree or certification relevant to your position.

9.  You just received a job offer from a competing company.

The following contains a list of signals that now are not a good time to request a raise.

1.  You just rejected an “opportunity” to undertake a big project or more responsibility.

2.  Your company just laid off some of the people in your department.

3.  Your company just reported disappointing financial results.

4.  Your company’s stock price is relatively low was opposed to the past.

5.  Your department just missed a deadline on a substantial project.

6.  The project you’ve been reading was only canceled.

7.  Your colleagues state that they’ve not gotten raises either.

The following is a list of events that won’t influence whether or not now is a useful go to call for an increase. Proceed with caution (check for the signals above):

1.  You had a new car.

2.  You bought a home.

3.  You just got married.

4.  You just had a baby.

5.  Your wife just had twins.

6.  Your spouse or child is fed up with a serious illness.

The best times to ask for a raise are when it will be easy for the company to provide you with the race—when sales are growing and profits are up. Combine that with your own recent accomplishments and you’re in the cat bird’s seat. When the company is struggling, or you’ve been struggling in your job, are occasions when it is especially scary to call for a raise. When your boss is deciding whom to let go, is not a fair call on for more money. There are many life events that make you desperately hope for a raise, but they will get nothing to do with whether you deserve one or whether the company can afford one. If your boss is good and you are a valuable employee, twins may get you a little raise. A new Camaro? No chance.