How to ask for a pay rise
For some people asking for new pay comes naturally, but for others, it can be daunting. The fact is though we all work for the money. If you think you deserve more than your current pay you should let your boss know. As the saying goes, if you do not ask, you don’t get. These are some tips that may help you succeed:
Tell your Manager you want to discuss your salary
You don’t want to ambush your Manager because they might not be ready to talk about money. Set up a meeting with your Manager but definitely tell them what the meeting is about. This can be done through email or in person, depending on your preference and the culture of your workplace.
Pick the right time
When you ask for a rise or perhaps an improved benefit package identify the right time for a one-to-one, face-to-face meeting. Mind your timing and do not plan it during a very busy period. If you are new in a Company you should wait at least six months before asking for an increase.
Consider the Company’s financial position
When the Company is not doing well, employees should avoid asking for pay rises. There could be a recruitment freeze on if things are bad or more seriously your employer could be looking to let people go. So, before you go rushing in, do consider what position your employer is in.
Ask for a rise when you are doing well
If you have done something very well, achieved set targets or objectives or have taken on additional responsibilities then it could be a good time to ask for a rise. Be sure you have gone above and beyond what is expected of you as this justifies a pay increase.
Keep personal reasons out of it
A higher salary is based on merit, not on the number of years you have been in a job, or whether you have taken on a new mortgage or are getting married. No employer can give you a pay rise unless you have done something to merit it.
Prepare data to back your salary request
Have solid data to support your request, negotiating is an essential skill set to have, especially when asking for more pay. Any data you can present that shows your accomplishments and how you have contributed to the Company will support your request.
Be a ‘good’ employee
It is not enough to be a good at your job. You need to be a valuable employee and be able to work well with others. Employers value team players and someone who demonstrates empathy and cares about others in a genuine way. Be sure you help your colleagues and always conduct yourself in a good way.
Obtain feedback on your performance
Apart from your direct boss if you do work for other Managers or senior staff members you should gather feedback from them on your performance. This can add value to you, you can use the positive feedback you receive to add to your glowing portfolio.
Research the average salary for the job you do
If you can find out the average salary information for the role you do you can use this information to negotiate your salary. You can look at job portals at comparable salaries for jobs like yours, you can also use Agencies like ourselves to obtain average salary data. So put in the effort and check the average money out!
You may not immediately get a pay rise
Speaking up and advocating for yourself is the first part of the negotiation. If you are rejected ask for clarity on what you need to do moving forward to warrant a pay increase and then set a time on when you can approach your boss again.
So hopefully, all will go well and you will get a pay increase but if you don’t get one immediately don’t be discouraged. Stay professional and create an action plan so that the next time you ask you won’t be refused. Or alternatively reassess your options, if you feel undervalued, it might be time to explore opportunities elsewhere.
Good Luck