At some point in your career you are undoubtedly going to want to ask for a raise. The question then becomes “how do I go about asking?” First things first, you need to know the market rate for the position and industry you are working in so you know what to ask for.

Most people answer this question by browsing websites that provide salary information, but it is important to keep in mind that these sites don’t account for the fact that job titles and job responsibilities vary by company and industry. A more reliable alternative is asking other people in your field for their opinion. Remember, you’re not after one specific figure. You’re looking for patterns and trends to inform your decision.

Timing is a key factor. You must know the best time to ask for a raise. Generally one should wait one year for their first raise within a company. Build up a case to present when you ask for the raise. You want to be able to show prior accomplishments, targeted goals and your worth to the company. When you make the request make sure you have a list proving your irreplaceable value.

Rehearse your request before you place it and be prepared for a “yes” and “no” response. If the answer is no, ask your employer why you have been turned down and what you can do to earn a raise in the future. Also, understand that sometimes a raise just isn’t in the budget. In the event that this happens, ask if there are any other rewards or compensation methods.