How to Ask for a Raise in a Cover Letter
Most people find it difficult to discuss their salary with the person who has the greatest influence over it -- the boss. However, if you're convinced that you rightfully deserve a raise, there is no alternative to asking. Most employers won't offer to give you a raise -- it's only when you ask that they know you're looking for a pay hike. Although the best way to approach this is to discuss in person, a letter can help you get the point across without interruption -- your boss has to read the letter through. If you've worded it right, the letter will help to draw attention to your achievements that may otherwise go unnoticed.
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Instructions
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List your accomplishments. Look at all the projects you've done in the past year. Highlight the impressive aspects of your performance. Provide concrete examples of how you've consistently met your project goals. Mention extra responsibilities you've shouldered.
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Prove that you're an asset to the company. Quote instances that show how you've earned positive regard for the company from customers. Write about the revenue you've earned and expense that you've saved for the company. Draw attention to any innovation you've introduced that has helped improve a product or service.
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Request a raise -- courteously. Use wording that shows you're requesting, not demanding, a raise. Show your willingness to take on more responsibilities. Don't threaten to quit -- however great your contribution may be, you're not indispensable.
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Allow space for negotiation. Be reasonable and diplomatic in your approach -- don't rigidly quote a figure -- it could prove to be disadvantageous. Show your willingness to negotiate and provide alternatives.
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Tips & Warnings
Sometimes it may help to ask your boss about what responsibilities you can take on to be eligible for a raise. This is especially true if it's been a long time since you achieved something remarkable.
Be realistic about the amount of raise you request. Ask around or survey jobs on the Internet to know how other companies pay. Factor in your skills, experience and achievements to arrive at a figure.
Even if you're uncomfortable asking for a raise in a cover letter and prefer to do it in person, you can use the letter to set up a meeting with your employer.
Focus your letter on your merit and worth. Never ask for a raise by claiming that you need it -- your expenses are not your company's concern.
