Resume Writing, Career Advice and Job Search blog from ResumeWriting.com.
If you have career or job search question you would like answered on this blog, click here to Ask Brian.
Last week I had post about asking for a raise. Reader Rachael had this comment:
Is there a general rule about how often raises should be requested? I’ve been thinking about asking but I don’t know if it would be in my better interest to wait another month or s0. My last raise was in September but I’m still making a bit below what I should be making in my position.
Brian answers after the break…
The issue here is one of perception. Obviously, you could come off as a bit too eager if you’re going around asking for a new raise every couple of months. This is something you really have to think over and consider your reputation. Are you going to come off like a jerk? Have you done this more than once? If so, waiting might be the best thing for your career and your reputation.
Here are my basic rules about asking for a raise:
- If all things are equal, you shouldn’t ask for a raise more often than once a year. This means, if you’re still doing the same work, and the business you work for is still doing the same level of business, then you shouldn’t expect more than a cost of living upgrade.
- However, you could consider asking for a raise sooner than once a year if one of the two things happen:
- 1) The business you work for suddenly has a surge in business and is doing materially better than it was before. If the business is doing significantly better, then it is reasonable to request that you share in a bit of the largess.
- 2) Your workload/responsibilities increase substantially. This is even more logical. If you’re doing more work, it’s reasonable to request more compensation for that work.
I personally would wait 18-24 months between asking for new raises, and I would time them based on my knowledge of the company’s fiscal year and budgeting schedules. After all, you’re more likely to get a raise when there’s extra money sitting in the budget.
But then again, I’m a bit more cautious than others.