In the world of career advancement, time can be of the essence. If you’ve recently started a new job, it’s advisable to be patient and wait at least six months before considering a salary increase. Studies have shown that most employers are willing to give salary increases to employees who have dedicated one or more years to their organization.
For those dedicated long-time employees who have passed several milestones in the company’s development, the opportunity to ask for a raise is much greater than new hires who are still wandering among tasks. However, if a junior employee is doing an excellent job, is ambitious and is achieving significant results, then it may be time for an additional incentive or salary increase.
Whether you’re a junior or senior employee you should be well aware of when it’s time to ask for an increase in the pay you receive. And if you feel that the time has already come when you need to have a thorough conversation with your employer, then make sure first whether that time has really come or whether it’s just inflation or impatience pressuring you.
Reasons to get a raise
You have more responsibilities
As your tenure with a company progresses, it’s common to take on increasingly intricate tasks and obligations compared to your initial role. Over time, you should expect a higher compensation when transitioning into a more advanced position.
You got a promotion
Prior to accepting it, ensure that the new role comes with a corresponding increase in your compensation. Without a salary boost, you might find yourself taking on additional responsibilities without any additional pay.
You have been with the company for a while
For companies to retain their employees, it’s essential that they offer competitive salaries. As the cost of living continues to rise, your compensation should also reflect these changes. Employers should consistently evaluate the appropriate remuneration for individuals in your position and make salary adjustments accordingly.
If you found the article interesting and useful, find out what are the right ways to ask for a salary rise without breaking good manners or achieving the opposite effect and angering your boss.