5 Ways to Ask for a Raise When Your Co-Worker Makes More Than You

5 Ways to Ask for a Raise When Your Co-Worker Makes More Than You5 Ways to Ask for a Raise When Your Co-Worker Makes More Than You Talking about money is hard enough. But what if you find out you make mora than your co-worker? Or, worse, what if your co-worker makes more than you ?Even if its frowned upon, talking about salary is legal and allowed. Sharing your salary information can ensure you and your peers are being compensated fairly.The younger you are, the more likely youre to share earnings details. According to a Cashlorette survey , 30 percent of millennials have spoken to co-workers about how much money they make.Regardless of age, asking for money can be uncomfortable if you dont know how to go about it the right way. Heres how to ask for a raise in five steps.Its one thing to find out a manager makes more money than you, but its a different situation when its a peer with the same title and experience. Its time you build your case on why you should make mo re money.Do you have similar responsibilities and workloads? asked Jessica Dalka, creator of Chicago Planner Magazine . For example, if youre both account managers, do you have similarly sized clients? If you both have midsized clients and your co-worker has eight but you only have four, perhaps that might be why they make more.If your co-worker handles more work, has been there longer or has more years experience, youll have to build your case with other information.Dont barge into your supervisors office and demand a raise simply because someone you know earns more than you. Find out if you deserve it by gathering data.You should come prepared with salary data by checkingSalary.comor Glassdoor , said Marielle Smith, a vice president at GoodHire , an employment screening company. You shouldnt use your co-workers bigger salary as a reason why you deserve a raise. This tactic will do little to convince a manager that you offer the same or more value to the company.Talk to other peopl e in your industry that arent at your company. If you find that youve been lowballed compared to your networking peers, dont fret. Itll give you a ballpark estimate on how much to ask for when discussing your raise.Its important to know what your companys track record is when it comes to raises.If youre due for an annual review, you might have a raise coming your way. Youre already going over your performance and job expectations, so if your supervisor believes youre a valuable asset to the company, a raise could be coming without you asking for it.For some jobs, though, you do need to ask for a raise . If you arent set for an annual review anytime soon, a stand-alone meeting might be necessary. But you should still consider planning to have the salary talk at the right time.Jesse Harrison, founder and CEO of Employee Justice Legal Team , has experience asking for a raise, even as a lawyer. And the timing was everything.I waited until after I had made a big break and won a case and the environment was at low stress levels - I even waited for a sunny day, Harrison said. It can be helpful to let the initial anger of earning less than a colleague fade away so you can recognize when the timing is right. A clear head will do wonders for your request.Before your meeting, use your accomplishments to illustrate your point . Showcase the work youve done, the extra responsibilities youve taken on, and how the company has benefited from your employment.If youre having trouble coming up with valid points, you might need to wait a bit to ask for a raise. This way you can start to document a stellar track record.Its good to keep in mind a number. This could be a percentage increase, a dollar figure youd like to hit or a mix of a pay bump and more perks, such as extra vacation days.You might need to negotiate your salary with your supervisor. If thats the case, start with a higher number than you initially wanted. Your boss will either approve, and youll get more money than you expected, or youll haggle until youre both happy.Even if youve prepared for your meeting like its the SATs, youre notlage guaranteed a raise. This could be for many reasons that you might not have a say over. So its important to stay focused on the goal, even if you didnt meet it this time.If your supervisor tells you that a raise isnt in the cards, find out why.If its your performance and workload, you can assure your manager youre ready for the challenge of meeting new goals. This will give you the opportunity to have something to work toward and help set you up for a raise at another time.If your boss says you cant get a raise right now because its not in the budget or your position compensation is maxed out, youre in a different kind of pickle.At this point, if youre doing your best work and still unable to get more money for it, you might want to consider looking for a job where you can earn more money.If youve networked with industry peers and checked out salaries for you r position, youve got a lot more negotiating power when you head into new job interviews. Use your research to your advantage, even if the job youre in right now isnt working out.But dont give up on your current job just yet. If you like your company and your co-workers, keep trying to get the pay you deserve. Chances are they can eventually find a way to compensate you fairly and still fit it in the budget.This article was originally published on Student Loan Hero . It is reprinted with permission.