If budget for salary is maxed out, ask about other parts of your compensation package. For more tips, check out our Salary Negotiation Guide. Ogden, Utah and Honolulu, Hawaii top the list with 85 percent and 82 percent of workers receiving at least some level of pay increase when they ask for a raise.
Tech hubs also do well — San Francisco 80 percent , Boston 76 percent , Seattle 76 percent and San Jose 76 percent all appear near the top. Gary, Indiana takes the dubious honor of last place. Only 53 percent of workers received a raise after asking, meaning 47 percent of askers were denied a raise.
Honolulu, HI. Long Island, NY. Knoxville, TN. Gary, IN. Budgetary constraints are the most common justification for denying someone a raise. In fact, 49 percent of workers who were denied reported that budgetary constraint was the rationale their employer provided.
However, there is an eight percentage point difference in the rate at which men and women were told this reason. Disturbingly, the next most common reason for denying a raise was no reason at all! A third of workers who were denied a raise reported that no rationale was provided. Rationale Provided. Women are three percentage points less likely than men to believe the rationale.
These crucial steps will help you reflect on what just happened: 1. Remember, 63 percent of workers in our study have not asked for a raise at their current organization. The leading reason that workers have not asked for raises is that they received a raise without asking 30 percent. The second most common reason is that workers did not think they have been in their positions long enough to merit a raise 29 percent.
Of the subset of workers who have not asked for a raise from their current employer, we found that men and women reported different reasons for not asking. Learning your value is vital before beginning salary negotiations. Thousands of organizations, from small businesses to Fortune companies, use PayScale products to power pay decisions for millions of employees. Here are the three best times to re-negotiate your salary: When you take on an important assignment or add new responsibilities to your plate When you just wrapped up a major project successfully and are about to take on another project A few months before your annual review.
The Prep Plot Your Moves and Practice You want to approach the conversation in the right way, so take the time to prepare for the conversation. The State of Raises in the Current Economy. Share on Twitter. The Odds of Getting a Raise Are in Your Favor If you were to ask your employer for a raise, your chances of receiving one is fairly good. But There is One Caveat…. Men and Women Have Different Reasons for Not Asking Of the subset of workers who have not asked for a raise from their current employer, we found that men and women reported different reasons for not asking.
Still not sure if you should ask for a raise? How Should I. Read More. First, you need to establish a range for what other professionals within your role and in your industry make. Consult a variety of sources, including websites like Glassdoor and Indeed and professional associations, talk to recruiters and don't be shy about asking people in the industry if they are comfortable sharing their salary. You're asking for a raise. If you feel underpaid at your current gig, don't be afraid to speak up and ask for a raise.
But do your homework first. Found out your colleague makes more than you? Here's what to do about it. Track your accomplishments: successful projects you've worked on, ways you've increased revenue or saved the company money, innovations and effective collaborations.
Bring positive notes and glowing reviews from team members and clients to highlight your accomplishments, and be sure to call out future results you will bring to the company. You're interviewing for a new job. This is your opportunity to get the biggest salary increase. It's also a chance to reset if you feel you were being underpaid at your last job. But, if possible, try to put off salary talk until later in the interview process. Additionally, you can get job alerts sent directly to your inbox to cut down on time spent looking through ads.
Thank you! You are now a Monster member—and you'll receive more content in your inbox soon. By continuing, you agree to Monster's privacy policy , terms of use and use of cookies. Search Career Advice. Ask for the raise you want You know you deserve more money, but how should you ask for it? Try these strategies for successful negotiating. Therese Droste, Monster contributor. How much of a raise should you ask for? Related Articles.
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