As anxiety-inducing as asking for a raise is, it’s also an essential next step in a professional’s career path.

Negotiating pay ensures that you’re not being undervalued and reminds employers and yourself of your worth as well as the importance of your development at work.

So, put away any sheepish responses to money talk. You’ve been working hard and deserve it. Here’s a guide on how to present your case and clinch a raise with your employer.

1. Consider whether you’re ready

There are many factors that warrant a raise and it’s vital to consider them carefully before setting up a meeting with supervisors.

Firstly, having a good understanding of the company’s fiscal standing and budget can hint at whether you’ll receive the green light. Take announcements of favourable profits at annual performance reviews and no recent layoffs as positive signs.