HBR IdeaCast New Here: Getting a Raise Is a Process, Not a Conversation
19 snips
Nov 30, 2023 Anne-Lyse Ngatta, a personal finance expert, and Gorick Ng, an author and career advisor, share their insights on the strategic process of asking for a raise. They discuss the importance of preparation and timing, advising listeners to build strong relationships with supervisors and recognize their own value. The duo explores effective negotiation strategies, including knowing your worth, considering non-salary benefits, and how to navigate discussions to advocate for yourself confidently. Personal anecdotes and tips for overcoming challenges like imposter syndrome add depth to their conversation.
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Gorick's First Raise
- Gorick Ng's first raise negotiation was for a volunteer position at a for-profit company.
- He asked for a stipend after realizing he contributed significantly, even more than some paid employees.
Anne-Lyse's First Negotiation
- Anne-Lyse Ngatta's early career involved substantial yearly raises without negotiation at her first company.
- Her first real negotiation came after switching jobs and facing a significantly lower raise offer.
Timing Your Request
- Consider asking for a raise after six months if you consistently exceed expectations and demonstrate value.
- Start conversations early in the year to align with company goal setting and budget cycles.
