Thursday, April 5, 2018

Are You Thinking about Asking for a Pay Rise?

We would all like a pay rise, wouldn’t we? A lot of people reading this post will actually deserve a pay rise as well. We hope that this is something our boss will just give to us when we demonstrate our hard work. However, it is often not that straightforward and you will need to ask for a pay rise yourself. This can seem daunting, but if you are prepared, you will be fine. Read on to discover some tips on negotiating your next pay rise.
Give your boss a reason to give you a pay rise – You can’t merely ask for a pay rise because you want one or because your situation at home has changed and you need the money. You must show your boss that you deserve a pay rise. One of the best ways to do this is by taking your own initiative and doing an online MBA program to enhance your skills. Becoming more qualified is always the most valid reason for getting paid more.
Speak up – Don’t be afraid to share your ideas and speak up as a leader in the workplace, even if you are not in a leadership role. This is the sort of thing that will get you noticed and show your value to the company.
Have a figure in mind before you talk to your boss – It is a good idea to have a figure in mind before you speak to your boss. This is not a figure you should have just plucked out of the air. It needs to be based on your career – where you are at and what you have achieved so far. It is always a good idea to state a number that is a little bit higher than what you would be happy with, however, make sure you are realistic.
Go above and beyond – Meeting your targets is great, but this is what you are expected to do, and this is what your salary at the moment rewards you for. If you want to earn more money, you need to show you deserve it by going above and beyond.
Do your research and know your worth – Before you negotiate a pay rise, you need to do your homework to find out how much you should be earning. You can look at job adverts on the Internet to get a good idea of what people are being offered for the same position. You also need to think about the skills you have and why you are worth the extra money. Focus on the role you have in helping the company grow and your boss will sit up and take notice.
Hopefully, you now feel more prepared for negotiating a pay rise with your boss. This may seem very daunting, but it does not need to be. If you follow the advice that has been provided, your conversation should go smoothly. Plus, even if you do not get a pay rise now, you will be on the radar, and if you continue to impress, you should definitely get one in the near future.