Podcast Episode 257: How to Ask for a Raise the Right Way

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In The Loop with Andy Andrews, hosted by David Loy

On this week’s episode, we discuss how to ask for a raise the right way and whether you should use another job opportunity as leverage.

 

Most people ask for a raise because they’ve been at the company for a long time.

      • This isn’t why you want to ask—it can make everyone uncomfortable.

 

If you plan on using another job opportunity as leverage, you need to decide if it’s a real or potential opportunity—there is a huge difference.

      • Using a potential job offer as leverage has a lot of “pot holes” that come with it, because it’s not yet an actual opportunity.
      • You need to be careful not to make your employer feel backed into a corner.

 

The best way to ask for a raise is to ask how you can increase your value as an employee.

      • Let your employer know why you want a raise (like because you want to increase opportunities for your family), but keep that part short.
      • You can never go wrong by showing gratitude to your employer during this process.
      • If your employer tells you there is no way to increase your value in the company, you should probably look closer at the other opportunity.

 

Tune in to hear exactly how Andy would go about starting the often-intimidating conversation of asking for a raise.

 

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