5 Great Tips on How to Ask for a Promotion
Do you know your worth as an employee? The quickest way to determine your worth as an employee is by your salary – how much you are getting paid each year. To the company, your salary is how much value you are bringing to them by working there. We’re not here to discuss or debate the “fairness” of what companies pay their employees – there are many factors that go into how salaries are calculated. Instead, our goal here is to understand how much value you bring to your company, and how to make sure you are being compensated for that value. Money is always a sensitive subject – you may not want to bring it up because you don’t want to be seen as “greedy”, or you may not know how to start the conversation. But if you know your worth and are ready for the next step in your career, here are tips on how you can ask for a promotion professionally. Understand What You Are Trying to Achieve So, you’ve decided you want a promotion – but why? What is it about your current situation that makes you want a change? If you’re tired of your job, then promotion isn’t the only option – you could explore any potential transfer opportunities within your company. If you’re tired of your company’s politics, then getting a promotion won’t fix that (it actually may make it worse) Understanding what you want to achieve helps clarify the steps you need to take to get there. It may be a promotion, or it may be a different job in a different company. Before you start the process, you need to understand the goal. Build Your Case Now that you’ve decided you want to ask for a promotion, the next step is creating your case of why they should give you a promotion. You need to prepare the information like a court case and prove to the jury (in this case, your manager) that, based on the “evidence” of all you have accomplished so far, that you deserve a promotion. Data like… Projects you’ve led Targets you’ve met/exceeded The money you’ve made or saved for the company Past Performance Reviews Research from websites like salary.com Look at your performance objectively (If I were the manager, does this convince me that they deserve a promotion?) This can be a reality check because, if you can’t find convincing data, then you won’t be successful when asking for a promotion. But hey, that’s ok. Now you have a head start and know what to focus on so you can start building your case when you are ready to ask for the promotion. Bring It Up During Performance Reviews Timing is everything, and Performance Reviews are an ideal time to discuss your next steps with your manager. Performance Reviews are when [...]