When to Ask for a Raise

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Consistently going above and beyond expectations is only one way you can you a raise.

Even if your pay is consistent with that of professionals in your role around the country, you still can ask for raise. You just need to know the right time.

For starters, if you have not be given a raise in a while, it may be time to ask for one, says The Motley Fool’s Maurie Backman. You can also make a strong case if efforts you made have increased revenue or saved your company money.

“As effective as this approach might be, however, you’ll really need to go in with hard facts,” Backman writes. “Remember, it’s everyone's job to contribute to cost savings and revenue one way or another, so you’ll need to prove that your unique contributions produced results that not only exceeded expectations, but far surpassed those of your peers.”

If you consistently go above and beyond the general expectations assigned to you, asking for a raise is also not out of the question.

“This could mean working the most hours of anyone on your team, or being that person who will jump in over the weekend in an emergency,” Backman writes. “Prove that the time you put in merits the higher compensation you're after, and you just might get it.”

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