The dos and don’ts of asking for a pay rise in 8 easy steps: | Randstad Australia
Ask for a pay rise on or before an anniversary of employment service OR at the you have done your research and that your request is fair and reasonable. I believe as a business we are creating a successful and valuable culture/team” If you feel that your current employer can't meet your career. “I've done some research, and it looks like the typical pay for somebody at my level is ______.” Keep emotions Walk into the meeting well researched.) “I typically get I also believe I bring more to the table than the average candidate. I'd like to set up a timeline to revisit the terms again in ___ months. Then put pay increase negotiations on the back burner for now! . from you by [ reasonable date], I will assume that you've waived our meeting.
You never want to pay someone significantly more or less than their counterparts. The reality is people get to know each other in the workplace and pay rates are eventually shared. You should first get familiar with the market and learn what the going rate is for the skills and experience you are seeking. You can do similar research as your candidates, as well as ask for insight from knowledgeable people in your company and network. Then you should consider your budget.
Can your company afford to pay what a reasonable candidate will ask for? You can ask about desired salary during your first communications with a candidate or even include the question on your online application using your recruiting and hiring software.
How should you ask for a pay rise?
If someone has an unrealistic number in mind, you can move onto other candidates early in the hiring process. Negotiations will be quick and painless since both parties will be working toward a similar figure. The Retail Prices Index for December stood at 2. Recent surveys predict a similar trend for Could I get fired for asking for a raise? The law is clear, you cannot be sacked for asking for a pay rise.
A face-to-face request is harder to turn down than one made in writing — and if nothing else, broaching the subject in person shows you are serious. It helps to organise your thoughts, and you can email your manager after the meeting — thanking them for their time and reiterating your main points. Who should I ask for a pay rise?
If you want a pay rise, approach your line manager first. Remember, you need to retain good relations with your manager whatever the outcome of your request. If you know that salary raises are finalised in January, asking in December is too late, as the budget will have already been set.
Best times to ask for a pay rise: After the completion of a successful project you were involved in. When your employer announces positive financial results.
Your contract is ending, and the company wants to renew it. Your manager asks you to take on more responsibility. Worst times to ask for a pay rise: Following poor financial results, or the loss of a major contract.
Master your salary negotiations
After the company has announced a pay or recruitment freeze. Monday morning or a particularly busy time in the quarter. Friday afternoon, when your boss is thinking about the weekend. Raising the subject informally — at a bar after work, for example — might get results for some, but most managers prefer a formal approach.
You have a genuine need to discuss something important to you.
- Negotiating the Right Salary with Your New Hire
- How to ask for a pay rise (the complete guide)
- How should you ask for a pay rise?
Then move on to highlighting your achievements over the past 12 months — and briefly outline how you will contribute to the company in future. At this point, you should reference your research on salary benchmarking — stating what employees in a similar role earn elsewhere and at your own company. Dominic suggests something like: Be careful about the words you use. State the figure you want. If you have done your research, you know what amount is appropriate — so ask for it. That means demonstrating your value to the company and highlighting your worth in the market.
Then note down examples of your contribution to the company and how you have outperformed your colleagues. Maybe you have implemented a new process or saved the department money by going outside the remit of your role. They will consider what you have contributed over the past 12 months, what would happen if you left the organisation, and how easy it would be to replace you.
The aim is to convince your employer that any investment made in you now will be more than worth it.
As with job interviews, research is key. Collect all your factual information, supporting documentation, past performance appraisals etc as mentioned above.
the dos and don’ts of asking for a pay rise in 8 easy steps
Be well prepared with information that demonstrates your abilities and value to the organisation. Prepare your thoughts before the negotiation.
Visualise how you would like the conversation to flow with your boss.
Write a script if you have to. Keep it simple and use clear language which articulates your points. Do your research to find out how much you, your position and your level of experience are worth in the market. Knowing this can add a lot of weight to your request as it shows you have done your research and that your request is fair and reasonable.
Speak to a recruitment consultant that specialises in your field; search for the most appropriate salary surveys which show the salary range for your position and years of experience; speak to colleagues, friends and family, particularly if they work in your field to find out how much they think is fair for your salary.
Be confident and keep to the facts. Use clear and concise language to ensure you get your point across. Keep to the facts. Common mistakes also include: