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10 Tips for Negotiating a Pay Rise

10 Tips for Negotiating a Pay Rise

1. Ask the Right Person

Make sure the person you’re asking for a pay rise has the authority to give it. Whoever is your immediate supervisor may not be the right person to ask and, what’s worse, they might not admit to this, and so you won’t even know you’ve asked the wrong person and will have missed your chance.
10 Tips for Negotiating a Pay Rise

2. Take Them by Surprise

Arrange a meeting with the higher-up who can give you the pay rise, but don’t forewarn them what the meeting is about. Doing so will give them a chance to build up a defense against giving you one. If they ask what the meeting is about, tell them it’s about your performance at work.

3. Decide the Amount in Advance

Decide in advance how much you would be happy with, and then add some on top. Your boss will try to negotiate down, so it’s good to give yourself some wiggle room. If you get the higher amount, good on you!10 Tips for Negotiating a Pay Rise

4. Don’t Mention Personal Finances

Keep the meeting purely business-based, and focus on your excellent performance at work and why you deserve a pay rise.

5. Plan a Strategy

10 Tips for Negotiating a Pay Rise

Figure out exactly what you’re going to say to your boss, and take some time to think over what their reactions could be, and how you can respond appropriately to them and counter any objections.

6. Find Out the Going Rate

Figure out what the market rate is for your job title in other sectors, and compare this to how much you are worth. Don’t threaten to leave the company to work for a higher paying competitor. Instead, gently remind them of your value, skillset, and responsibilities.

Figure out what the market rate is for your job title in other sectors, and compare this to how much you are worth. Don’t threaten to leave the company to work for a higher paying competitor. Instead, gently remind them of your value, skillset, and responsibilities. For instance, if you are taking online business intelligence courses, let them know that you are continuing your education which will make you more valuable to the company.

7. Maximize Your Salary Band

If you’re working under a specific salary band, for example if you’re in Band D – the rate for which is between 30000 and 40000 dollars – and you only get paid 35000, you know theoretically you can get paid up to 40000. Use this knowledge to your advantage – even better if you’ve kept a copy of the original advertisement you applied to, which states the pay band.

8. Maximize Your Efforts

10 Tips for Negotiating a Pay Rise

If you decide a few months in advance that you’d like to ask for a pay rise, use those intervening months to become the star at work. Give everything your best effort, and your boss will come to see you as one of the best workers, deserving of more money.

9. Use Inflation

10 Tips for Negotiating a Pay Rise

Find out what the current rate of inflation is, and whether your pay has been rising in accordance with it. If it hasn’t, you’ve essentially been given a paycut – gently point this out to your boss.

10. Love Your Job

10 Tips for Negotiating a Pay Rise

If it shows at work that you love what you do, and you’re constantly a positive force in the workroom, this won’t go unnoticed. Your hard work and loyalty are great reasons that you deserve a pay rise, so take some time to compile a list detailing evidence of this, and go over it with your both. Radiate positivity!

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Zachary Owen is an enthusiast blogger and lead public activist. He writes for public rights and unfair executive pay scales.

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