The best time to ask for a raise is after a major accomplishment, during performance reviews, or when you've taken on significant new responsibilities. Come prepared with documented achievements, market salary data, and a specific number (aim 10-20% above your current salary). Studies show 70% of people who ask for a raise get some increase.
Bottom line:
Key Takeaways
- 70% of employees who ask for a raise receive some increase
- Time your ask after major achievements, successful projects, or taking on new responsibilities
- Document your accomplishments with specific metrics and business impact
- Research market rates to justify your request with data, not personal needs
- If denied a raise, negotiate other benefits or ask for a clear path to a future increase
Best timing
Best timing: After completing a major project successfully, when you've taken on responsibilities beyond your role, during annual review cycles (1-2 months before budget decisions), when the company is doing well financially, or after receiving praise or positive feedback from leadership.
Worst timing: During layoffs or company financial struggles, right after starting a new role (wait 6-12 months minimum), when your manager is stressed or dealing with issues, or when you haven't demonstrated measurable impact.
Document everything before the conversation
Document everything before the conversation. Create a brief document listing your key accomplishments with specific metrics: revenue generated, costs saved, projects delivered, client satisfaction improvements, efficiency gains, or problems solved.
Examples: 'Led the migration project that reduced server costs by $45,000/year,' 'Brought on 8 new clients totaling $120,000 in annual revenue,' 'Trained 5 new team members, reducing onboarding time by 2 weeks.' Numbers speak louder than generalizations.
Research market rates on Glassdoor, LinkedIn Salary, and Payscale. Being able to say 'The market rate for this role in our area is $X-$Y' transforms your request from opinion to data.
Opening
Opening: 'I'd like to discuss my compensation. I've been reflecting on my contributions and growth since [last raise/start date], and I believe an adjustment is warranted.'
Making your case: 'Over the past year, I've [specific achievement 1], [specific achievement 2], and [specific achievement 3]. Based on the market rate for this role and my contributions, I'd like to discuss moving my salary to $X.'
If they need time: 'I understand this may need approval. Can we set a follow-up in two weeks to discuss next steps?'
If denied: 'I appreciate your honesty. What specific milestones or timeline would I need to meet for a salary increase? Can we document those so I have a clear path forward?'
A 'no' on salary doesn't mean no on everything
A 'no' on salary doesn't mean no on everything. Negotiate alternatives: additional PTO, flexible/remote work, professional development budget, a new title, performance bonus structure, or a written plan for a raise in 3-6 months with specific targets.
If your employer consistently refuses to pay market rate despite strong performance, it may be time to explore external opportunities. The largest salary increases (15-30%+) typically come from changing jobs, not internal raises.
How We Evaluated
Success rates from PayScale Salary Negotiation Survey and Robert Half Salary Guides. Scripts based on negotiation best practices from Harvard Business Review.Frequently Asked Questions
How long does this process typically take?
It depends on your starting point. Most people can complete the initial steps within days, with full results visible within weeks to months.
Do I need special tools or accounts to get started?
We cover everything you need in the article. In most cases, you can start with tools you already have.
What is the most important first step?
Start by assessing your current situation. The article walks you through this assessment and provides a clear action plan.
What if I make a mistake along the way?
Most financial decisions are reversible or adjustable. We highlight common pitfalls so you can avoid them.
Should I consult a professional?
For complex or high-stakes decisions, a certified financial planner can be valuable. For straightforward steps, most people can proceed on their own.
Editorial Disclosure: WalletGrower may earn a commission from partner links. Our editorial content is independent and not influenced by advertisers. We research products independently and only recommend what we believe in. Updated April 2026.