• About Us
  • Careers
  • Contact
No Result
View All Result
Saturday, August 2, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home Articles

Are You Afraid to Ask for a Pay Raise?

By Amanda Kavanagh

11 December 2024
in Articles, Guest Post
Reading Time: 6 mins read
108 1
Are You Afraid to Ask for a Pay Raise?

Source: HR Dive

Contents

Toggle
    • 5 roles to discover now
  • Face the fear
  • Prepare your case
  • Know your worth
  • Time it well
    • 5 more roles to discover now
  • Framing your ask

Alongside the ability to balance work responsibilities and home commitments, genuinely-helpful benefits, and prioritizing remote or hybrid working models, salary is still one of the biggest career motivators.

In fact, according to Morgan McKinley’s most recent global workplace study, involving over 3,400 professionals and more than 600 employers, 40% of professionals globally consider ‘higher salary’ the most important factor when considering moving roles. 

Considering the high-stakes environments that DeFi Planet readers are working in, it is perhaps surprising that many are unexpectedly timid when it comes to discussing their own market value.

5 roles to discover now

  • Chief Technology Officer, Van Kaizen, United Kingdom
  • Meme Creator (Crypto), Stealth Startup, India
  • Lead Data Analyst, CoinSwitch, Bengaluru
  • Social Media Manager, Dyntech | Financial Technology Development, India
  • Compliance Manager, Avenir Group, Cambridge

And yet, that is the case for many employees. According to this report, which surveyed 1,000 workers, over 80% of Americans feel entitled to a raise, but only 60% intend to ask for one.

The same report also asked for reasons why respondents are hesitant to ask for a raise. Top reasons were unsure how to approach (32%), followed by fear of rejection (28%), then concern over job security (22%) and fear it will damage relationships with management (20%). 

Completing the top ten are concerns over the company’s financial situation (19%), recently received a raise (16%), fear it will affect work relationships (13%), satisfaction with current pay (12%), and exploring other job opportunities (12%).

These are all relatable and understandable, but though some are what they are, many others are addressable with a little preparation.

Face the fear

Even if you’re the company’s star performer, it’s unlikely that your request will result in an immediate raise.

Be prepared for nuanced responses and some back and forth, and remember, the worst they can say is no.

If a direct salary increase really isn’t possible, have some alternative compensation ideas ready to go, such as a four-day-week, additional equity, professional development budget, a list of conferences you’d like to attend (ideally in exotic locations), or more flexible working arrangements.

Salary discussions are professional conversations, not personal confrontations – even if a raise isn’t granted immediately, you’ve demonstrated self-advocacy and clarity about your professional worth. 

Prepare your case

Document your achievements and quantify your contributions. How have your developments improved system efficiency? What innovative solutions have you implemented? Can you demonstrate cost savings or revenue generation resulting from your work?

Present a clear, data-driven case that demonstrates your worth. This isn’t about making demands but about articulating your professional value proposition, and technically-minded workers are often better suited to this kind of preparation. 

If you have a large-enough window before your review, take a look at the skills gaps in the organization, and consider upskilling to fill this also.

Know your worth

Knowing what others make in your field, with your job title, and in your company specifically, can help you benchmark your ask.

Start by asking colleagues you feel comfortable with if they are happy to share what’s in their compensation package – nearly 25% of Americans leverage knowledge of coworker salaries to negotiate higher raises. 

Next, take a look at the DeFi Planet Job Board and see what salaries on offer for similar job titles, but do consider your location. Many employers do consider ‘cost of living’, so salaries in expensive areas/countries are often higher than in other cities/towns/countries. 

While it’s helpful to do some market research and see what other professionals with your job title earn, do not lead with this. Instead, use industry-average salaries to support your request, rather than be the main justification for one.

Time it well

Choosing the right moment for your salary discussion is crucial. Ideal windows include after completing a successful project, during formal performance review periods, and obviously, after a significant funding round. 

5 more roles to discover now

  • Technical Web3 Product Manager, Parfin, United Kingdom
  • Quantitative Developer, NP Group, London Area
  • Technical Support Engineer, Lucera Financial Infrastructures, Belfast
  • ST Blockchain Engineer, Signify Technology, Remote in Europe or U.S.
  • Web3 Community Manager, Global Games Show, London Area

Framing your ask

Adopt a collaborative tone throughout the whole process. Frame your request as a mutual exploration of your professional growth and the company’s objectives, and see how they align. 

Use language that emphasizes your commitment to the organization’s mission, talk about ‘us’ and ‘we’, rather than ‘me’ and ‘I’, and discuss present and future challenges, and how you propose meeting and exceeding them, either personally or as a company. 

All this sets you up well for seeking fair compensation for your contributions, and your manager will see the ask coming. Everyone asks in a review.

A script like this one sets things up professionally and directly:

“Based on our discussion and the achievements we’ve reviewed today, I’d like to discuss my compensation. 

Given my contributions to [specific project/team/company goal] and skills in [insert skills that company requires], I believe my current market value and performance warrant a salary adjustment. 

Would you be open to discussing this?”

And if there really isn’t room for growth, and salary is a big motivator for you, it’s probably time to find somewhere new. If so, visit the DeFi Planet Job Board where you’ll find industry jobs updated daily. 

 

Ready to find your next tech role? Check out the DeFi Planet Job Board

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Share64Tweet40Share11
Guest Author

Guest Author

Related Posts

What Happens When AI Gets a Wallet?
Chain of Thoughts

What Happens When AI Gets a Wallet?

31 July 2025
When Crypto Goes Offline: The Rising Threat of Physical Attacks on Investors
Opinion

When Crypto Goes Offline: The Rising Threat of Physical Attacks on Investors

30 July 2025
Strict Regulations Are Choking Crypto Innovation in India
Opinion

Strict Regulations Are Choking Crypto Innovation in India

30 July 2025
source: cryptodnes.bg
Altcoins

Analyst Warns August Could Trigger Major Altcoin Rally

29 July 2025

Featured Posts

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

byOlayinka Sodiq
21 July 2025
0

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

byOlayinka Sodiq
6 July 2025
0

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

byOlajumoke Oyaleke
30 June 2025
0

What Is a Rebase Token and How Does It Work?

What Is a Rebase Token and How Does It Work?

byOlajumoke Oyaleke
28 June 2025
0

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

byOlajumoke Oyaleke
26 June 2025
0

Read More

Chain of Thoughts

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Markets Update

Your Weekend Crypto Roundup | August 2025 (Week 1)

6 hours ago

Meta’s $72 Billion AI Investment: A Strategic Shift from the Metaverse to Artificial Intelligence

1 day ago

Is Web3 Finally Solving Its Risk Problem? A Market Review of DeFi Insurance Models

2 days ago

How Coinshift Is Progressing the Stablecoin Space

3 days ago

Virtual Land Markets in 2025: Price Trends & Utility Breakdown

3 days ago

Your Weekend Crypto Roundup | July 2025 (Week 4)

1 week ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Josip Heit and Apertum Secure Legal Victory Over Texas Securities Board (TSSB), Fueling the Next Evolution in DeFi

Josip Heit and Apertum Secure Legal Victory Over Texas Securities Board (TSSB), Fueling the Next Evolution in DeFi

byGuest Author
1 August 2025
0

Hamieverse Taps Abstract to Power Its Debut Blockchain Game and Purpose-Driven Ecosystem

bychainwire
1 August 2025
0

Pepe Dollar ($PEPD) Presale Picks Up Pace as Ethereum (ETH) Hovers Over $3,600

bychainwire
1 August 2025
0

Meme Coin ‘$SATOSHI’ Heralding the Return of Satoshi Nakamoto’s Vision Launches First Presale

bychainwire
1 August 2025
0

10 Years of Ethereum : ETH Meme Coin Pepeto Ends Stage 6 With $5.770.000 Raised In Presale

bychainwire
31 July 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00