Knowing how to ask for a raise is a skill that will serve you well throughout your entire professional career. Even a small annual increase can significantly improve your financial standing, allowing you to pay off debt faster, save more aggressively, or go on more vacations.
However, asking for a raise is rarely as simple as it seems. If you’re new to the workforce, have never asked for a raise before, or simply are unsure of how to ask successfully, you may be hesitant to even try. This is quite normal: According to a recent survey, 70 percent of people who ask for a raise receive one, yet only 37 percent of workers ask.
If you think you don’t have the years of experience to justify asking for a raise, you may be surprised to learn there are a number of other factors you can leverage in your favor. If you’re ready to start maximizing your income at every step of your career, check out this infographic from Self Lender: