Cover letter for pay raise(5 samples)

This article will list samples of “cover letters for a pay rise.”

Samples of cover letters requesting a pay rise

When asking for a pay rise, a cover letter helps ease any discomfort you or your boss might feel. It also gives your manager a chance to consider your request before he or she responds. The best format for writing a cover letter requesting a pay rise is as follows:

• Conduct salary research to determine the appropriate range for your position, experience, and accomplishments.

• Address the recipient with a formal salutation. For example, “Dear/Hello (name of the recipient).” 

• The next step is to state the intent of the letter. 

• Make a brief statement about why you deserve the pay rise; that you’ve earned it and that it’s in line with the market for your skills, experience, and job title.

• State your accomplishment.

• Conclude your letter with a forward-looking statement.

Sample 1: “Cover letter for a pay rise”

“September 22, 2022

Lydia Smith, Manager 

XYZ Sales Company 

321 South St. 

Miami, FL 33125

Dear Lydia, 

I have greatly enjoyed working at XYZ Sales Company for the past three years. In those years, I have become an integral member of the sales team and have developed innovative ways to contribute to the company.

For example, in the past year alone, I have achieved the following goals:

• Highest-ranking salesperson in customer satisfaction last quarter
• Brought two new high-profile clients to the company, increasing total company sales revenue by 10%
• Voluntarily trained incoming sales staff, totaling 80 hours of voluntary service

I believe I have gone above and beyond the benchmarks, we set for my position when I arrived at the company three years ago.

I would therefore appreciate the opportunity to meet with you to discuss increasing my salary so that it is commensurate with my current performance. I request a pay raise of 6%, which I believe reflects both my current competencies and industry averages.

Once again, I am grateful to be a member of this organization, and I enjoy taking on assignments that allow me to contribute to the company.

Thank you for your time. I look forward to speaking with you soon.

Sincerely,

Signature (hard copy letter)

Melody Brown”

Sample 2: “Cover letter for a pay rise”

“Taylor Employee

95 Park Lane

Anderson, CT 00880

445-435-0000

janed@emailexample.com

May 26, 2020

Arthur Boss

XYZ Company

23456 Broad Street

Stamford, CT 00834

[use above for hard-copy letter only]

Dear Mr. Boss,

I am writing to formally request a review of my current salary. As an Account Executive with 5 years at Acme Corporation, I have always been ready and able when asked to take on additional work and new job responsibilities. I believe a review of my track record with the company, my recent achievements, along with industry average salaries, will demonstrate justification for an increase of at least 10% in my annual pay.

My role has evolved since starting with Acme Corporation. Added duties now include staff management, budget decisions, and project management. In the past year, I have distinguished myself with the following accomplishments:

• I improved efficiencies in the accounts payable system, saving the company $50,000 in annual revenue.
• I managed the successful launch of our new product, helping to realize $100,000 in quarterly sales.
• I’ve strived for excellence, continued adding value to the company, and never missed a deadline.
• Peer reviews indicate that my colleagues appreciate my management style and I am a valuable member of the team.

Further, the average annual salary for my position is $65,000, according to data from Payscale.com. This is more than 12% higher than my current salary of $58,000. A 10% raise in salary is would put my compensation in line with industry and regional expectations for the work.

Thank you for your attention to this matter. I am willing to work with you to accommodate my request along with what is best for the company. If you have another amount in mind or a plan to increase my salary in the future, I am open to negotiation.

Sincerely,

Signature [for hard copy letter]

Taylor Employee”

Sample 3: “Cover letter for a pay rise”

“Dear (Name),

As my X-year anniversary gets close, I would like to request a review of my (job title) salary. During my time at (name of company), I have taken on additional responsibilities and have achieved success in several areas. I’ve made a brief list of just some of my accomplishments and responsibilities, which include the following:

• Taking the lead on …
• Meeting goals in …
• Improving efficiencies that led to a savings of $X for the company …
• Achieving success in …
• Adding to my (skill level or education as it relates to the job) …

Aside from my X skills in this role, I have also demonstrated excellent X abilities and proficiency with X. The team can count on me for X.

Given the added value I have brought the company, I think it is fair to request a bump in pay. Based on the research in the Robert Half Salary Guide, I’ve found that the midpoint salary (or median national salary) for this position is $X for my experience level. Considering regional variances, an X percent raise would put my compensation closer to those salary benchmarks.

Thank you for your consideration. I would be happy to meet with you to discuss my request and the company’s needs. Please let me know if you are available for a short meeting.

Sincerely,

Name”

Sample 4: “Cover letter for a pay rise”

“Subject line: Tim Felton Salary Increase Request

Dear Ms. Hutchins,

I am writing to formally request an increase in my current salary. I have loved working as a Digital Marketing Manager at XYZ Corp. for the past four years, but my role has evolved during that time. I believe that I have met and responded to new challenges well and continue to add more value to the company.

In light of my recent accomplishments, I believe a raise of at least 10% is justified. For example, over the past year, I have:

• Integrated our social media pages across platforms, increasing our website traffic by 23%

• Developed our product campaign in the Midwest, opening up a new market and increasing XYZ Corp.’s growth potential

• Streamlined internal processes to allow our team greater swiftness and efficiency in responding to the ever-adapting nature of digital marketing

• Successfully gathered and managed a remote team of employees from across the country, who have high regard for my management style (as per my stellar managerial review)

Besides demonstrating excellent communication and leadership skills, I have also developed HTML and Python skills that allow me to work more closely with our web developers, simplifying our process for product development.

After completing salary research, I found my current annual salary of $58,000 is well below the median pay for digital marketing managers in our region, $65,000. Therefore, I am requesting a 10% salary raise, which would bring my annual salary in line with the market rate.

Thank you for taking the time to consider adjusting my salary. I am open to having a discussion about reaching a mutually beneficial salary agreement. Please let me know when would be a good time to find a salary solution that works for everyone.

Sincerely,

Tim Felton”

Sample 5: “Cover letter for a pay rise”

“Subject line: [Your Name] Salary Increase Request

Dear [Managers Name],

I am writing to formally request an increase in my current salary. I have loved working as a [job title] at [company name] for the past [years worked], but my role has evolved during that time. I believe that I have met and responded to new challenges well and continue to add more value to the company.

In light of my recent accomplishments, I believe a raise of at least [salary increase percent] is justified. For example, over the past year, I have:

[accomplishment one]

[accomplishment two]

[accomplishment three]

[accomplishment four]

Besides demonstrating excellent [skill type], I have also developed [skill type] that allow me to work more closely with our [other coworkers/departments], simplifying our process for product development.

After completing salary research, I found my current annual salary of [current salary] is well below the median pay for [job title] in our region, [salary average]. Therefore, I am requesting a [salary percent increase] salary raise, which would bring my annual salary in line with the market rate.

Thank you for taking the time to consider adjusting my salary. I am open to having a discussion about reaching a mutually beneficial salary agreement. Please let me know when would be a good time to find a salary solution that works for everyone.

Sincerely,

[Your Name]”

Frequently Asked Questions: Samples of cover letters requesting a pay rise

How do I politely ask for a raise?

Make your case based on your salary research and be gracious and professional during the conversation.

How do you say you have no experience but are willing to learn?

Example: “I am interested in an entry-level position. I know I have much to learn, and I’m looking for an opportunity that will let me build a solid professional foundation.”

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Citations

https://www.thebalancemoney.com/sample-letter-requesting-a-pay-raise-2062777#toc-is-it-acceptable-to-negotiate-salary-by-email-or-letter

https://www.thebalancemoney.com/how-to-write-a-salary-increase-letter-with-samples-2063943

https://www.roberthalf.com/blog/salaries-and-skills/how-to-write-a-letter-asking-for-a-raise