
Quick answer: Know your market range, your floor and your ask before you sit down. Write a one-page case your manager can forward to their boss, and get it to them before budgets lock, not after.
He'd rehearsed it in the car. Tuesday one-on-one, fifteen minutes blocked. His manager opened with good news: "We can do three percent this year." And he heard himself say, "Okay, great, thanks." He was in the parking lot ninety seconds later doing the math he should've done a month earlier.
On a $92,000 salary, three percent is $2,760. Eight percent would've been $7,360. The gap is about $4,600 this year. But every future raise gets calculated on the new base, so the gap never goes away. Assume three percent raises for a decade and that one "okay, great" costs him somewhere north of $50,000, before you count the 401(k) match he'd have earned on it.
Nerves didn't cost him that money. Not having a number did.
The only three figures you need
Forget scripts for a minute. You need three numbers written down before any conversation about pay.
Your market range. What people with your title, your experience and your scope earn in your metro right now. Not what your buddy at another company makes. Not what you made at your last job plus a bit.
Your floor. The number below which you'd seriously start looking elsewhere. Be honest here. If you'd stay regardless, your floor is your current salary and you should know that about yourself.
Your ask. Near the top of the market range, justified by what you've actually delivered. Make it specific. $103,500 reads like you did homework. $100,000 reads like a guess.
Once those are on paper, most of the fear drains out. You're not asking for a favor anymore. You're reporting a price.
Where real market data comes from
Your gut isn't a data source, and neither is the guy at the conference who "heard" what the other firm pays.
- Job postings. Colorado, California, Washington, New York and a growing list of other places require posted pay ranges. Pull ten postings for your role, including remote ones listing those states, and you've got a working range in an afternoon.
- The Bureau of Labor Statistics. Its Occupational Employment and Wage Statistics data breaks pay down by occupation and metro area. It's dry, it lags, and it's free and honest.
- Levels.fyi if you're anywhere near tech. It's the most detailed source for base, bonus and equity broken out separately.
- Glassdoor and Payscale as a sanity check. Self-reported numbers skew in both directions, so never quote them as gospel.
- Recruiters. Take the call even when you're happy. Ask what the range is for the role they're pitching. That's live data from someone paid to know.
Screenshot everything and note the date. You're building evidence, not a vibe.
Write the memo your boss has to send upstairs
Your manager usually isn't the one who says yes. They go to their boss, or to HR, or into a spreadsheet with a pool of money that three other people want. Your job is to arm them.
One page. That's it. Top line: current salary, market range, the ask. Below it, four or five results with numbers attached. "Took over the Midwest accounts in March, renewal rate went from X to Y." "Cut vendor spend on the Hartwell contract by $180,000." "Trained the two new analysts, both now running their own clients." If you can't attach a number, attach a name or a date.
Leave out your rent, your mortgage and your kid's braces. They're real, and they matter to you. They don't matter to a compensation committee, and bringing them turns a business case into a hardship request.
This is the servant-with-a-backbone move. You make your manager's job easy. They can forward your page with one line on top. And you hold firm on the number, because you've shown why it's the right one. If you haven't read it yet, the promotion goes to the guy people already follow covers the other half of this, which is being someone whose case is easy to believe.
Timing is half the raise
Most companies set next year's compensation budget well before anyone sits down for a review. By the time your manager says "three percent," that number was often decided months ago in a meeting you weren't in.
So ask your manager, plainly, a few months out: "When does comp planning happen, and when's the right time for me to make a case?" Any decent manager will tell you. Then get your one-pager to them before that window closes.
Good secondary moments: right after a big, visible win. Right after you've taken on someone else's job because they left. Right after a reorg lands more on your plate.
Bad moment: the Friday your boss just got chewed out by theirs.
In the room
Say the number early and say it once. "Based on the market data and what I've delivered this year, I'm asking for $103,500." Then stop talking.
The silence afterward will feel like a week. Let it. The instinct is to fill it with "but I'm flexible" or "or whatever you think is fair." Every word you add in that silence is a discount.
If they counter, don't answer on the spot. "I appreciate that. Can I think it over and come back to you Thursday?" is a complete sentence. Nobody respects you less for taking two days.
When they say there's no money
Sometimes that's true. Budgets are real and so are bad years. Don't argue the budget. Ask what you can get instead:
- A written date to revisit, three or six months out, not "next cycle."
- A one-time bonus, which sometimes comes from a different pot than base pay.
- A title change that sets up the next raise.
- An extra week of PTO, or a remote day that gives you back two hours of commute with your family.
- Paid certification or training that raises your market value regardless.
Get whatever you agree to in an email. "Just to confirm what we discussed" is polite, and it protects both of you when a manager changes jobs. If you're the manager on the other side of this conversation someday, your first 90 days as a boss will make more sense after you've sat in this chair.
When you shouldn't push
Honest concession: there are times to take the three percent and say thank you.
If the company just laid people off, a hard push reads badly and you might become the next line item. If you got a big market adjustment six months ago, you're probably already at the top of the range. If your last year was mediocre, fix the year first. Asking for top-of-market pay on middle-of-the-pack work spends credibility you'll need later.
And if the number you'd need means a job with sixty percent travel and missing every Saturday game, run the math on that too. Some raises cost more than they pay.
Don't bluff
Never claim an offer you don't have. Never threaten to leave unless you'd actually leave. Managers talk, industries are smaller than they look, and a bluff called is a reputation spent in one sentence. If you do have a real offer, say so plainly and without drama. That's leverage. A fake one is a lie, and it's the kind people remember at the next promotion decision. Playing it straight isn't the same as playing it naive, a point made well in staying out of office politics is how honest men lose.
After you get it
Say thank you, to your manager and in writing. Then over-deliver for the next ninety days where your boss's boss can see it. Your manager went to bat for you with your one-pager in hand. Make them look smart for doing it. Leave that relationship better than you found it, and the next conversation starts on your side of the table.
The man in the parking lot eventually got his raise. It took him eleven months and one sheet of paper. He'd tell you the paper was the easy part.
Ray Okonkwo
Money & Business
Former commercial banker turned small-business owner. Covers salary, credit, margins and the arithmetic nobody does before signing.
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