INDIANAPOLIS — Mo' money, mo' problems? Maybe.
You will never know if you do not ask for a raise.
A worldwide study by Indeed surveyed 14,500 women across 11 countries and it found that 43% have never asked for a raise.
The study also found that "women in Japan (13%), Singapore (32%), and Italy (38%) are least likely to have asked for a raise." Those in India (65%), the United States (51%) and Germany (50%) are most likely to have asked for a raise.
Sarah Foster with Bankrate said a great time to approach higher pay is when the scope of your role expands. That could mean you are making the company more money, saving them time or resources, or handling more responsibility.
"It's easier to kind of shoot for very specific asks rather than very vague and very broad discussions just about generally feeling like you're underpaid," Foster said.
To help you be specific, regularly take notes on your role.
"Throughout the year, really keep tabs on the projects that you're working on. Document the growth that it contributed to. Really write down and keep track of encouraging comments," Foster said.
Encouraging comments can include positive feedback from supervisors
It is also important to ask practice the negotiation with a mentor ahead of time.
If your boss says no to a raise, ask them be specific, too.
"Just as you were really stressing to yourself to be as specific and clear about your ask," Foster said, "I think it's just as important to expect that from the company that you're working for. To really be specific about what you should achieve to get the higher pay."
If that does not work, consider taking your list of accomplishments and shopping them around with other employers.