What is a typical raise percentage?

The average annual raise is 3-5% for meeting expectations, 5-10% for exceeding expectations, and 10-20% for promotions.

How do I calculate my raise?

Multiply your current salary by the raise percentage. For example, a 5% raise on $50,000 = $2,500 increase, bringing your new salary to $52,500.

After a significant achievement or positive performance review. End of fiscal year or budget planning season is ideal timing.

Prepare a clear case showing accomplishments and market salary data. Schedule a dedicated meeting and state your desired amount confidently.

Ask for specific feedback and clear goals for the future. Consider alternatives like extra vacation days, flexible hours, or training opportunities.