The time has come. You’ve worked in a position for a significant amount of time and you feel you’ve contributed positively to your business or organisation. Your time, talent, and effort, you feel, should be rewarded. It’s at this juncture that many workers consider asking for a pay rise. But how to go about handling such a delicate situation? The prospect of asking one’s boss for more money, makes many people squirm. But the truth is, you have every right to ask that your pay reflect the level of work you’re providing. Here are a few tips for negotiating this discussion with your superiors, hopefully ensuring you come out on top.
When’s a Good Time to Ask?
If you’ve only recently started a job, it may be awhile before you’ll want to think about asking for a pay rise. It’s important to find out how your company handles pay rises. Do they offer them automatically on work anniversaries? If this is the case, you may not have to have the uncomfortable conversation at all. However, if this is not the way things are done, you’ll have to be your own advocate.
Just after a work anniversary is a good time to request a discussion regarding salary, if a rise hasn’t happened automatically. You may also consider doing so after you’ve begun taken on extra responsibilities for a period of time or have successfully managed or completed an important project. Your employer is more likely to agree to a pay rise if they can see tangible evidence of how you’re benefitting the company.
How to Do It
Once an appropriate time has arrived, message whoever is responsible for making decisions regarding your pay (or whoever can pass your petition on to a higher level) to request a pay review meeting. Once this has been agreed to, it’s time to start preparing for the meeting. You should be fully prepped to discuss why you feel you deserve a raise. Have an abundance of examples showing how you’ve gone above and beyond in your work and why a pay rise is warranted.
Some employment experts suggest creating a well-written letter that thoroughly outlines your achievements and contributions to your organisation. You can compose this and email it to your boss prior to your pay review meeting. This allows plenty of time for them to consider your points and helps them make a clear decision, as you have laid everything out in writing. This can also save you a little bit of the awkwardness one might expect when asking for a pay rise. But be prepared to support your reasons in the meeting, as you may be asked for further clarification.
At your meeting, or shortly following it, you should receive a decision regarding your pay rise request. If the answer is yes, rejoice! You’ve done what you set out to do. If the answer is yes, but the pay rise is not what you were expecting, feel free to negotiate regarding non-monetary perks and benefits.
If the answer is no, don’t immediately despair. You will likely get further explanation as to the decision. If told something like “it’s just not the right time,” you can accept this graciously and ask if the request can be reconsidered in three months. Most companies should be happy to do this. If the no decision is work performance related, you can ask for more information about how you can improve. Lastly, if the answer is a flat out “no” with no explanation, it may be time for you to consider your options, such as seeking out a new employer who does reward good work.
With this method, you should find success in asking for your pay rises the right way. Need to sharpen your skills and earn that promotion or pay rise? Enrol in a nationally recognised course at LMIT today and start to expand your qualifications and your opportunities.
Published by: LMIT