Wondering how to write a salary increase letter?. It is important to write a letter to ask for a salary increase. This article will provide you with ideas to draft a good salary increase letter or email.
How to Write a Good Salary Increase Letter
When you write a salary increase letter, your letter should contain a few key points. First of all, you should mention the reason for asking for a salary increase. Then, in addition to highlighting your value in the company, you should also highlight your professional achievements. Then, you should conclude the letter with a request for an in-person meeting.
Thank Your Manager for Considering Your Request
It would be best to thank your manager for considering your request and stating why you feel you deserve the raise. If you think your manager will be unwilling to approve your request, contact HR to discuss it. Depending on your position, this negotiation may take months or even years.
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Express Gratitude to the Company
It would be best if you also expressed gratitude for the opportunity to work for the company and thank the person for their time. The conclusion paragraph should be three sentences or less and close your letter professionally with your signature. If your bid is unsuccessful, consider writing another email to follow up on the conversation, making the decision process faster and easier for you.
How Much Salary Increase You Should Ask
Depending on your company’s labour market, the exact amount you should ask for is different for every employer. Your letter should be as detailed as possible to support your request. Remember that your company’s labour market size and the type of position you hold will determine how much to offer. When writing the letter, be as detailed and as direct as possible. You can use a template to help you get started.
Ask Salary Increase During Performance Review
You can ask for a salary increase during a performance review, and this is a perfect time to highlight the new expectations you have in your new job. Usually, a company will conduct performance reviews monthly, quarterly, or yearly. Therefore, this is a perfect time to submit a salary increase request letter.