How to ask for a pay rise
We know asking for a pay rise can be an awkward conversation to bring up, but it is a steppingstone in advancing in your career and it is important to feel like you are being compensated fairly within your company. However, these things are easier said than done, when approaching your employer for a salary increase you need to think about to go about it.
We’ve produced this step-by-step guide to help you ask for a pay rise successfully.
Market Research
Before starting the conversation with your employer, it is important you know what you are asking for and must have some idea of what you want your raise to be. Not only will this give you a rough idea of what you could be earning elsewhere, but also evidence to show your employer that you are not asking for something completely out of range.
There are useful websites like Glassdoor which can help you find out the range you should be on depending on your skillset and experience. Looking at other job adverts and companies that are hiring for a similar role you currently do will also give you a good idea of what you could potentially ask for.
Evaluate your position and responsibilities
Throughout your time at the company, you may have taken on additional responsibilities and gone above and beyond in your role. You should take note of all your accomplishments to date, especially ones where you exceeded targets and took on extra responsibility. Having evidence will support you in the conversation when discussing your pay rise.
Finding the right time and place
Timing will play a massive part in this conversation. Asking when your employer is going through a stressful and busy period may not be the best time. Instead, try to choose a time when your performance is still fresh in their minds, such as just after finishing a project or getting good feedback.
The best way to go about asking it is to schedule a meeting with your manager. Having a proper meeting set up will make sure there is enough time to discuss the situation
Call a meeting with your boss or supervisor to go over your pay and career advancement. This will enable both sides to give the conversation enough time. Be polite when asking for the meeting and make clear that you want to talk about your job and pay in a proactive manner.
Be ready with your argument
Make Your Case Ready. Make a strong argument for your request. Clearly state your accomplishments, extra duties, and contributions to the development of the organisation. Prepare to talk about the wage ranges and industry norms you found, highlighting how your current pay compares. Describe how a wage raise would reflect your increasing worth and what effect it would have on your drive and dedication.
While a pay rise may be your main goal, you should also be open to alternative types of compensation or perks that might enhance your entire package. This could include more vacation time, flexible working hours, chance for career progression, or performance-based bonuses.
Follow up
After the meeting, send a follow-up email summarizing the discussion and expressing your gratitude for the opportunity to discuss your compensation. If there are any agreed-upon action points, confirm them in writing to avoid miscommunication.
Asking for a pay rise can be a scary thing to do, but with preparation and clear communication, you can walk in there confidently. Going into the meeting prepared and with research, you will increase your chances of being successful as you have solid ground and can show why you deserve one. Pay rises can't be organised overnight, so it is important you stay patient!