When is the best time to ask for a raise?

The best time is before your annual performance review, or after completing a major project. Avoid asking during company-wide budget freezes or immediately after bad news.

How much of a raise should I ask for?

Industry standard is 5-15% for a cost-of-living increase, 10-20% if you've taken on significantly more responsibility, and up to 25%+ if you're underpaid relative to market rates.

Should I send a salary negotiation letter or ask in person?

Both. Send the letter 2-3 days before a scheduled meeting so your manager has time to review it. The letter is the formal record; the meeting is where negotiation happens.

What if my manager says no to a raise?

Ask what it would take to get to your target salary, and set a specific timeline. Many raises are approved on the second ask. Follow up with a new letter after 3 months.

Is it okay to mention competitor salaries in a raise request?

Yes, it's one of the most effective arguments. Back it with data from Glassdoor or LinkedIn. Frame it as market awareness, not a threat.

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Performance Review Salary Negotiation Script (Word-for-Word)

Use this exact structure in your review meeting so you sound confident, professional, and prepared.

Opening

Thanks for taking the time today. I'd like to discuss my compensation as part of this review.

Impact

Over the past [period], I've delivered [achievement 1], [achievement 2], and [achievement 3], which led to [business impact].

Ask

Based on my scope and market benchmarks for [role] in [location], I'd like to discuss adjusting my salary from [current] to [target].

If they push back

Understood. Could we align on what specific milestones would justify this adjustment, and set a review date in [X months]?

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