The salary you receive when you begin a job isn’t intended to be permanent. That’s why they call it a starting salary. So everyone can expect a pay raise at some point.
Some companies employ a strict schedule or timetable for determining pay raises. Others evaluate employee performance during regular reviews before deciding if a raise is warranted. In many companies, however, raises are granted at the discretion of management.
Whatever the case may be, if you feel you are ready for a raise, it doesn’t hurt to ask.
When to Ask for a Pay Raise
This handy infographic from PayScale provides you with an easy to follow flow chart that will help you decide if the time is right to ask for a pay raise.
As you’ll see, you have to consider more than just when it might be right for the company. You need to think about whether or not the timing works for you. Where are you in your career? What are your options if you’re turned down?
It can’t help you muster the courage to ask. That will always be up to you. But knowing when everything falls into place to make the timing perfect gives a head start.
Now all you have to do is go in there and ask for what you’re worth.
Also published on Medium.