Asking for a raise: how to prepare
Collect proof, check the market, pick the moment and know what you will say when the answer is no.
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Job offer: checks before you accept
Read the whole offer, work out the real pay and ask the right questions before you say yes.
Get it in writing (3)
- Ask for the full written offer before you resign from anything
- Ask how long you have to decideA few days is normal. Pressure to answer today is a warning sign.
- Thank them, and say when you will reply
Work out the real pay (7)
- Separate fixed pay from bonus, commission and stock
- Ask whether the bonus is guaranteed or depends on targets
- Work out your take-home pay after tax and deductions
- India: check how CTC splits into in-hand, PF and gratuityCTC is usually well above in-hand pay.
- US: check health premium, deductible and 401(k) match
- Check the stock vesting schedule and cliff
- Compare against market pay for the role and city
Read the terms (6)
- Job title, reporting manager and work location
- Probation period and notice period
- Hours, shifts, overtime and on-call
- Remote or office days, in writing
- Non-compete, IP and bond or training repayment clausesAsk about anything you don't understand. Get advice if a bond is large.
- Leave days and holidays
Check the place (4)
- Ask to speak with someone on the team
- Look at reviews and recent news on layoffs or funding
- Ask why the role is open
- Beware any request to pay a fee for a jobReal employers do not charge for training, kits or visas up front.
Before you say yes (5)
- Ask for changes once, with reasons and a number
- Get any agreed change in the written offer
- Check it fits your commute, family and plans
- Accept in writing
- Only then resign, and clear what you owe at your current job
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