How to ask for a pay rise

How to ask for a pay rise How to ask for a pay risePosted October 13, 2011, by Elizabeth Fenech Asking for a pay rise is one of the more delicate conversations youll ever have with your boss. But before you storm into the managers office waving your latest bank statement, there are a few things you should do to prepare. Do your research Build up some knowledge about the average wage and conditions of your industry, and establish how well you are paid in relation to market norms. You should do this at home, not on company time. Youre trying to prove to your employer that youre a valuable employee, not one who cant be trusted with a corner office and an Internet connection. Keep in mind that your boss probably isnt going to be thrilled to be honouring your requests for more money if youre already tipping the top of the salary scale. If you think you have a case, its important to have a reasonable figure that you would like to earn in mind. Get your facts straight Understand the process your company has in place for granting pay rises and make sure you go through the official channels. Your request is more likely to be heard if you ask the right person at the right time. If reaching KPIs (key performance indicators) is a must, then asking for a rise when you are not performing to the required level is a waste of time. Better to work on and improve your results first. Make an impression Have you gone the extra mile for your company or do you sneak in extra-long lunch breaks? Keep in mind that you dont necessarily deserve more money for doing your job well thats what youre being paid to do. Impressive things to list could be extra hours youve worked voluntarily, revenue youve raised, initiative youve shown or customer satisfaction youve achieved. Be professional Make an appointment to see your manager at a time that is suitable for him or her. In the meeting, thank your manager for taking the time to see you, then get straight to the point. Set out your lokalitt by listing the achievements on your list logically and succinctly. A good strategy might be to ask for more work and responsibility and link this to a pay rise, rather than simply asking for more money to do the same job. Leave your inner drama queen at home For you, an extra hundred dollars a week might be an emotional plight, but for the company you work for, your salary is purely a business decision. Think like a business strategist to decide on the best, most effective points to make. Dont threaten to leave or leak company secrets to the local paper. If you get the thumbs down Increasing your salary might seem simple to you, but getting it can be dependent on much more than just your performance. Companies must take into account factors like industry growth and the state of the economy. If your request for more money is declined, ask politely for an explanation. Be prepared to negotiate what you might not get in cash you may be able to get in a company car or extra holidays. Take courage To use an oldie, but a goodie, youll never never know if you never never go If you honestly believe you have a reasonable basis on which to negotiate your salary, give it a go. Companies value good employees and good managers recognise the benefits of keeping good staff and treating them fairly. ResourcesMy first resumeCover letter for my first jobCareer Insider StoriesShelley Lask - Body Positive Health & FitnessInterested in becoming a?menschlich Resources OfficerGeneral ManagerBusiness ManagerAccountantOffice AdministratorPopular Career Searcheshighest paying jobs in australia without a degreelist of high paying careershigh paying jobs in demand for the futurenew york cover letterhow to ask for a pay rise CoursesBachelor of Social WorkEnquire Online Enquire OnlineCertificate III in Health AdministrationEnquire Online Enquire OnlineBachelor of Criminal JusticeEnquire Online Enquire OnlineCertificate III in Allied Health AssistanceEnquire Online Enquire OnlineElizabeth Fen echRelated ArticlesBrowse moreCAREER ADVICEJOB HUNTINGJob Hoppers Stick It Out Without Standing StillThe days of holding out for a gold watch are long behind us, but is all this job-hopping actually getting us anywhere? Before you jump ship, hear the case for sticking it out.Career progressionCoworkersHow To Ask Someone To Be Your Mentor An Email TemplateAsking someone to be your mentor is serious stuff but that doesnt mean you should shy away from it. Heres how to ask someone to be your mentor - and how to convince them that its worth their while.EMPLOYER RESOURCESCapability ansicht What is it & How to Write One?It can be difficult to understand all of the formal documents you need to get by in business. One of the big ones, especially if youre looking to do some governmental work, is the capability statement. Learn what it is and how you can best write one.