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How to Make the Most of a Raise

How to Make the Most of a Raise

Asking for a raise can be a nerve-wracking experience, but it’s all worth it when that first pay increase is deposited into your account. Did you know, according to Jobvite, 84% of workers who ask for a raise get one? That number alone should be enough to get you over the hurdle and into your manager’s office. Just make sure you have the proof to back it up though.

Here are some things to consider when deciding whether you deserve a raise:

  • You’ve grown in your current role and are solving more complex problems with a bigger impact on the company’s bottom line
  • You’ve recently taken on more responsibility
  • You do things without being explicitly told
  • You can articulate and express ideas for positive change
  • You’re not being compensated at market rate

If you’re anything like the rest of Americans, you may be tempted to upgrade your living situation or take a long-overdue vacation, but the best thing you can do if you do get a raise is save more and pay off debt. For more information about what to do after you get a raise, check out the infographic below. It has 7 tips you should follow to make the most of your raise — after a reasonable celebration of course!

Atit Shah

Atit Shah is a Digital Marketing Specialist and founder of Digiblogic. He is a foodie who loves Social Media, e-commerce marketing, traveling and photography. Digital marketing is his true passion and is something he has been obsessed with. Find him on Linkedin.