How to Ask for a Cost of Living Raise
Inflation is a fact of life. To make ends meet year after year, it's important to keep your paycheck rising at the same rate as the cost of living. Asking for a cost of living raise can be intimidating. Do your homework and you'll be ready.
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Instructions
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Determine the value of your current salary adjusted for cost of living. The Department of Labor has an "Inflation Calculator" to assist you in finding this number.
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Decide on the dollar amount or percentage you want based on your research. Know your bottom line in case you have to negotiate.
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Prepare several specific examples of your work that let your employer know your value to the company. Provide proof of your improvement and of your ability to tackle challenges.
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Practice what to say to your boss. Rehearse out lout in front of a mirror or with a friend so you will be more comfortable when you're actually talking with your employer.
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Stay calm and confident when speaking with your boss. Give her your information about average cost of living increases and the amount you want. Be ready with your outstanding work history.
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Thank her for her time, regardless of the outcome.
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Tips & Warnings
Ask your boss at a time when she's in good spirits. Avoid asking at the end of the day or first thing Monday morning when there is likely to be a lot of activity.
Pay attention to your appearance. Make sure your clothing is appropriate, well fitting and neat.
Take a few deep breaths before meeting with your employer and focus on why you deserve a cost of living raise.
Don't be discouraged if the answer is no. Ask what you can do to get a raise in the future.
