Is a 20% Raise for a Promotion Good? A Comprehensive Guide

Are you looking for a promotion and an accompanying salary increase? Learn how to negotiate a 20% raise for a promotion with this comprehensive guide.

Is a 20% Raise for a Promotion Good? A Comprehensive Guide
It's always a good idea to order more than what you're currently earning. Depending on your performance, the time you spend with the company, and other factors, you may be able to ask for a raise. When it comes to promotional increases within the same company, they normally amount to around 3%. On the other hand, if you change jobs, you can expect a salary increase of between 10% and 20%.

The average wage increase is 3%. A good wage increase ranges from 4.5% to 6%, and anything higher than that is considered exceptional. Depending on the reasons you cited for a salary increase and the time since your last increase, it is acceptable to request an increase in the range of 10% to 20%.

However, the higher the percentage you request, the better your reason should be. For example, if you accepted a position with few trips and are now traveling more than half the time, asking for 20% is not unreasonable.

It's important to negotiate a salary increase when you get promoted. Beyond the fact that you should be paid what you're worth, a smart employer knows you can earn more if you take your talents somewhere else. The good news? You don't even have to ask for a promotion - sometimes it's just given to you as a reward for your hard work.

When negotiating a promotion, don't forget to ask for other benefits as well. It's important to think about all these factors so that you make the strongest request possible. If management seems unwilling to meet your demands currently, it may be wise to retire for a while, learn everything you can in your new position, and resume discussion at a later stage.

A typical annual increase for someone staying within the same company is around 3 percent. But someone who changes jobs is more likely to increase their salary by 10 to 20 percent. That's why it's so important to negotiate a salary increase when you get promoted.

The best way to ask for a raise is to research and know what you're worth, and then approach your boss in a professional manner. It can be especially difficult if you come to a company with little or no experience, so the original low salary is justified; but then they have to give big increases as you learn the ins and outs. An increase is often offered as a performance incentive for employees or in connection with increased responsibilities.

If the company valued your work, it would have given you more than a 5% increase or, at the very least, it would have asked for your opinion. Depending on what I do, most job transitions will generate employees an average 20% increase; however, I received closer to 31.8%, with even more paid days off and time to work on setting up my own business.

So if you're looking for a promotion and an accompanying salary increase, make sure you come prepared when negotiating and be confident in yourself and your abilities. With some research and preparation, you can make sure that you get what you deserve.


National Operations Manager @ Isilumko Activate