What do you do if you want a raise in your Blockchain job without appearing greedy?

2 Market Rates

Stay informed about the current market rates for your blockchain role. Research what professionals with your experience and skill set are earning in similar positions. This data serves as a benchmark for your salary discussions and helps you set realistic expectations. When you're aware of the going rate for blockchain expertise, you can confidently assert that your request for a raise is in line with industry standards, sidestepping any impression of greed.

3 Timing Is Key

Timing is everything when asking for a raise. Look for a moment when the company is celebrating a success or when your recent work has had a significant impact. Avoid periods of budget cuts or economic downturns. In the blockchain world, timing might also coincide with the completion of a major milestone or after the successful launch of a blockchain initiative. This strategic timing shows that you're in tune with the company's rhythms and aren't just looking out for yourself.

4 Build Case

Prepare a well-structured case for your raise. This should include documentation of your achievements, responsibilities, and any additional skills you've acquired that enhance your value as a blockchain professional. Be ready to discuss how these align with the company's goals and future projects. Your case should be compelling enough to show that your request for increased compensation is justified by your performance and potential contributions.

5 Practice Pitch

Before presenting your case, practice your pitch. This will help you communicate your points clearly and calmly, without coming across as demanding. Role-play the conversation with a friend or mentor who can provide feedback. In the blockchain sector, where technical details are important, ensure that you can explain your role in layman's terms to non-technical stakeholders who might be involved in the decision-making process.

6 Offer Flexibility

Finally, be flexible in negotiations. There might be constraints that prevent an immediate salary increase. In such cases, consider alternative forms of compensation, such as stock options, additional vacation days, or educational opportunities that can enhance your blockchain expertise. This flexibility demonstrates that while you value your worth, you're also a team player invested in the long-term success of both yourself and the company.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?