The idea of writing a formal letter asking for a…
The idea of writing a formal letter asking for a raise can seem daunting.
Why Write a Formal Letter Asking for a Raise?
Even if you decide to meet with your boss in person, you have many advantages in writing a salary increase letter. Here are three reasons you should consider submitting your request in writing:
Putting your salary request in writing will help you organize your thoughts and create persuasive arguments to support your salary increase.
You can prepare yourself for future discussions and ensure that you do not miss important information by listing your various accomplishments and experiences. When you are face to face with your boss, you might forget to mention everything because you are nervous.
Your supervisor will have plenty of time to review your points and forward the appeal to any senior personnel. Showing up to your boss with a request they might not anticipate or are fully prepared to take can backfire. Your boss may not be able to process your reasoning entirely and refuse your request outright.
It is a good idea to have documentation of the agreement (or disagreement) when a decision is made. Your manager may agree to a raise but then deny it for whatever reason. Having a written correspondence as proof eliminates that possibility.
Asking for A Raise in Person vs. Writing a Letter
When you ask for a raise, it’s natural to feel a little bit uncomfortable. You might be afraid that it might backfire. Letters can be of great help. In-person (or video) conversations can also be supplemented by them. If your immediate boss needs to discuss your request with you, you can have a paper trail and an easy reference point. You can build a solid case by writing a letter.
Asking for a pay raise in person can help your boss understand you’re serious. It’s also beneficial to have your manager’s attention completely, as they can ignore or not even read your email. You can also gauge their reaction in a face-to-face conversation and alter your conversation accordingly.
So, in the end, there are positives and negatives to both arguments. However, it may be good to open this idea to your manager in person first. And if they ignore or deny your request, send a well-crafted letter to change their mind.
How to Write a Formal Letter Asking for a Raise?
Before starting to write your letter, there are some key points that you have to keep in mind to ensure the best outcome.
Send the Raise Request Letter to the Right People
Your salary request should be sent to the person responsible for your team’s salary decisions. This person can be your manager or head of the department.
Avoid going above someone’s head and creating unnecessary animosity.
Do Some Research Beforehand
Make sure you are being underpaid as opposed to others who hold similar positions. There are many platforms where you can see what you’re worth, but you should also include data from local industry associations.
If you research the numbers, you will demonstrate that your salary request is supported by real data instead of your own appraisal.
Come Up With an Exact Figure
As with the above, coming up with the exact figure will demonstrate that you have done your research and are serious.
Make sure you state clearly what you are asking in your letter.
A specific amount in your request is more likely to be taken seriously. You are less likely to receive a counteroffer than you would be willing to accept when you describe a salary or percentage increase.
If you aren’t sure of the company’s financial flexibility and would not commit to an exact figure, include a salary range instead.
Timing is Key!
Finding out when your company’s cycle is most suited for a raise is the first step. Does your company approve pay raises only during performance review periods?
Also, consider whether your organization has recently had layoffs or stopped hiring. If your company recently laid-off employees or reduced revenue, your appeal is likely to go nowhere fast, regardless of how great you are.
State Your Accomplishments Clearly
When it comes to your career with the company, what have you been able to accomplish? Describe your achievements and how you have contributed to the company. Provide precise measurements when possible for the most amount of impact.
Don’t just say, for example, “I increased my number of sales in 2020,”. Instead, “I was able to increase my sales by 30% year over year, leading to an additional $20,000 in revenue.”. You should also mention any new skills or responsibilities you have acquired during your time with the company.
If you took on the responsibilities of a co-worker who left the company or took an extended break, be sure to mention that!
Express Your Gratitude to the Company
Thank your boss and the company for the opportunities they have provided and for taking the time to consider your request.
Frequently asked questions
What should you not say when asking for a raise?
- 1 ‘ More money’
- Instead of saying “I deserve this because,” I’ll say “I get this because.”.
- ‘I was hoping for.’.
- ‘I’m going to have to compete.’.
- ‘Thanks, anyway’
How do you ask for a cost of living raise?
If you want to talk about a salary increase and your cost of living, consider scheduling a meeting at a time that is convenient for you and your employer. This gives your employer an overview of the topic you want to discuss as well as showing respect for their time.
Can I ask for a 20 percent raise?
You may be able to secure the compensation you deserve if your job duties have changed significantly or your performance merits a boost. Pay increases range from 3% (average) to 5% (exceptional). A 10% to 20% increase is an option for opening negotiations, depending on the reason.
How do you ask for a bigger raise than offered?
- Know what it’s worth to your organization.
- Consider the situation the way your manager would approach it.
- Not to mention personal reasons.
- You shouldn’t compare yourself to your colleagues, but you should compare yourself with industry standards.
How do you ask for a raise if you are underpaid?
- Research your salary. Before going into a meeting, you’ll want to arm yourself with facts and statistics.
- Set up your meeting the right way to begin. We talked earlier about timing your ask correctly.
- Make your speech as a complete document.
- You can ask with confidence and gratitude.
How do you politely ask for a raise for a professional?
- Take the positive praise you’ve received since your last performance review.
- Remind yourself of your data and numbers.
- What You’ll Bring to the Team This Year (and Beyond).
- Think about why your boss would want to give you more money plus the calendar year.
How do you write a letter asking for a raise?
- (In the subject line of your message) A request for a meeting regarding your compensation.
- Your salary should be increased.
- What additional responsibilities you have taken on as part of your role.
- Your current skills and certifications.