What to Do When Your Raise Isn’t Enough (2024)

Summary.

What should you do when you receive a raise that just isn’t enough? While you don’t want to seem ungrateful, you have the right to fight for more money if the compensation you’re receiving is lower than what you deserve and need to support yourself.

• Do your research. Every job has a “market value,” or an estimation of how much money you should be earning based onyour job title, years of experience, and the cost of living in your area. Many companies use this information to set salaries. If you’re making way below the estimation, it’s worth calling out.
• Prepare your argument. To receive a higher raise, you’ll have to make a case that includes both the salary data you’ve compiled and evidence of the value you bring to your team and organization. If you’re someone who goes above and beyond or exceeds expectations, put together a list of your accomplishments — quantitative and qualitative data that shows your contributions to the company.
• Meet with your manager. Set up a private, one-on-one meeting with your manager to discuss your salary. Be kind but straightforward. Thank your boss for the salary bump and recognition they’ve already given you, and then explain why you believe the number should be reconsidered, citing the evidence you’ve gathered.
• If your request is denied, take the time to understand why. If it’s solely a budgetary issue, ask your manager when you can realistically revisit the conversation. If it’s a performance issue, treat this meeting as an opportunity to develop clear goals with your boss.