Talking about salary can sometimes be awkward, particularly in times of uncertainty. However, it’s still possible to ask for a higher salary if you believe you deserve it.
Many employers prioritize the retention of their best employees, but it is important to carefully present your argument when the financial aspect is the main concern.
Before diving headfirst into new contract negotiations, take a moment to evaluate your current position. It’s important to determine whether you are truly being paid less than you deserve. While it’s common to occasionally feel undervalued, it’s essential to gather concrete information to support your claims.
In addition to conducting some preliminary research on comparable positions, it would be beneficial to explore the average salary range for such roles. It may be worthwhile to have conversations with recruitment consultants who are more familiar with the local market and have insights into the prevailing payment rates offered by businesses in your area.
Before jumping ship you should consider dedicating some time to familiarizing yourself with your organization’s hiring processes. Are there any shortages of skills in your sector or location that could result in higher pay rates? Additionally, consider if you have any previous client partnerships or extensive industry experience that could justify a higher pay rate.
Knowing when to request a salary increase is crucial. It is important to consider the timing, as making such a demand during financially challenging periods for the company may come across as narrow-minded and focused solely on personal gain. Additionally, asking for a raise more than once a year might be perceived as being overly greedy.
Choosing a significant event, such as your performance review, the conclusion of the financial year, or a significant business achievement, is more advantageous. Select a moment when your company is likely making future projections and may be more open to discussing salary matters.
According to a recent study, it was found that half of the workers in the UK would be willing to change their careers if it meant receiving better pay. However, there is still a possibility of obtaining a pay increase without switching jobs.
Before talking to your supervisor, ensure that you can provide proof of your effectiveness and performance. This evidence may consist of the clients you have attracted, the amount by which you have increased the company’s revenue, or other relevant metrics specific to your industry. Merely mentioning the duration of your employment with the company will not be sufficient to convince your boss to give you a salary increase. Instead, clearly illustrate how you contribute value to the organization.
A helpful suggestion is to keep track of your accomplishments and acknowledgements as you progress. If there is no performance management system at your company consider using a journal, or Notepad on your computer (Notes on a Mac). This can be beneficial in supporting your argument, especially if it includes positive feedback from colleagues.
In the end, your argument should be based on measurable and observable abilities, educational achievements, professional connections, and, most importantly, the outcomes you have achieved in the workplace.
Tips for Proper Conduct:
Requesting a salary increase can be quite intimidating and women between the ages of 18 and 29 are the least inclined to ask for a raise. To overcome this anxiety, it’s important to dress professionally, reflecting your higher position, and begin the conversation by highlighting the contributions you have made to the company. While you may have a specific amount in mind based on your research, be prepared to negotiate and find a middle ground with your boss.
Appearing overly greedy or lacking knowledge might harm your opportunities, and making threats to quit if your demands are not met can come across as childish and potentially impact your reputation.
Your physical posture and non-verbal cues play a crucial role in this situation. Maintaining an upright posture, establishing direct eye contact, and speaking at a measured pace will convey a sense of self-assurance and competence, indicating that you deserve a higher pay
Get ready for the worst-case scenario…
If you happen to be denied, it’s important to handle it gracefully while also seeking a clear explanation for the rejection. Is the company experiencing financial difficulties, or did you fail to present a compelling argument for the pay raise?
If the cause is the first option, inquire about when the company might be able to fulfill the request. Additionally, explore the possibility of receiving supplementary perks such as a company-provided vehicle, complimentary parking, or healthcare coverage.
Additional types of compensation that are not in the form of salary could include extra vacation days, the ability to have flexible working hours, or chances for professional growth in the workplace. Although these may not directly increase your income, they can be valuable in helping to manage the challenges of high living expenses.
Responses