1. Good Timing: While there’s no such thing as the perfect moment, one of the most straightforward opportunities to ask is during your annual or semi-annual review.
2. Can’t Wait: Not annual review in sight? Then ask for a meeting to discuss your work performance and potential, don’t just spring it on your boss.
3. Can Wait: Studies show that Q4 is the best time of the year to ask for a raise or promotion as the company is planning budgets for the coming year.
4. Luckiest Day: Psychologists agree Thursdays are the best day to ask for a raise as people are more flexible and accommodating after surmounting “Hump Day” and happily awaiting TGIF.
5. Premeditated Effort: If you’re planning on asking for a raise/promotion on Thursday, make sure to send a short, concise email that Monday asking for a short meeting on Thursday. A heads-up will always work in your favor.
6. Dismiss Economics: Many people are scared off by the economy, regardless of the current situation. Ask anyway, it may be a smaller raise, but smart employers reward valuable assets in whatever way they can.
7. Bring Facts: Have you increased sales? Helped streamline corporate processes? Taken on additional work? Be specific as to why you deserve the raise/promotion and be prepared to support your case on the cuff.
8. Numbers Game: Websites like Salary.com will provide average wages for your industry and specific location. This is especially important for women, who still traditionally negotiate for less than they’re worth.
9. Practice Makes Perfect: Make a list of things you want to say and rehearse it. You don’t want to forget your most important points while you anxiously plead your case at the negotiation table.
10. Future Focus: Don’t lose heart if your request is denied. Leave the meeting on a positive note so that you can keep the door open for the future. This may simply be the wrong time. The right one may be just around the corner.