My husband recently lost his job, and I'm thinking about asking my boss for a raise. First, ask friends in similar positions, companies, and industries what the market is paying. Ask your Compensation Specialist for tips. Question those in your department who've gotten raises.
Right timing is essential.
Don't suggest a raise when business is down. Prepare a statement of major accomplishments. List your results, achievements, and home runs. Give specific examples with percentages, numbers, facts and figures. Write your goals for next quarter.