5 tips on how to get a pay rise and that elusive yes.
In the present economic climate, the pressure to survive and keep salaries as low as possible has never been greater. If your company is doing badly it may be that no one is getting a pay rise.
However, if this is not the case and you believe your performance at work merits a recognition in pay then you need to show how you have contributed to the company’s economic and financial prosperity.
It’s estimated that 6 out of 10 people never ask for a pay rise. They are frightened to ask for what they want for fear of being seen as pushy or other undefined consequences, or because they have limiting beliefs about their self-worth and value.
Simply put, If we don’t ask we don’t get!
1. Are you worth it?
Remember the company wants to keep its best people, especially as more and more is asked of fewer and fewer people. Know your value and do your homework. Do you know what other employers are paying for your sort of job?
2. Provide evidence
In your discussions with either your boss or the Human Resources department provide evidence of how you have met (and surpassed) your objectives; how you have helped the company save, earn or improve it’s performance through your efforts. Seek evidence from others people in the company and how you have helped them.
3. Keep Objective and proud of your efforts
Remember if your performance has merited recognition you have the right to have this discussion. Remain professional and keep emotion out of it. Rehearse your discussion and answers to any likely questions or obstacles.
4. Remain flexible
Be flexible and don’t get fixated on the money alone – think of other options as well, e.g. bonus, working at home etc.
If not now, then when?
Don’t accept “no” for an answer. If for one reason or another the answer is ‘no’ find out ‘what you have to do in the future to be considered for a pay rise. Get it in writing and work towards it
5. Take charge
In our latest set of videos we give you the knowledge, behavioural and emotional skills and show you how to maximise the chances of getting the pay rise you want.