So, you put your hand up for a pay rise and your boss said no? Unless you’ve asked many times before and they keep saying no, don’t give up. While it might feel like the ball is in your boss’s court, the reality is what you do from here matters most to getting a ‘yes’ next time.
Before we explore the steps you can take to win a pay rise, let’s first acknowledge a few harsh facts. Some employers are unfair and have no intention of doing the right thing by paying you what you deserve. In some cases, even what you are legally entitled to. If you’re working for one of those type of bosses, it’s definitely time to move on.
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Other employers are struggling to get by and can hardly afford to pay themselves let alone you. If your boss is in this category you’ve got some thinking to do about whether it makes sense to hang in there. If you trust both their character and competence as well as their vision for their business, missing out on a pay rise now might just be worth it in the long run.
If you work for an employer who wants to do the right thing and can afford to pay you well, then here are three essentials steps you can take to ensure the next time you ask for a raise the answer is yes…
1. Understand the value of your role
There’s no point kidding yourself about what you can earn in the job you’re in. The reality is there is a ceiling to what most employers will be willing to pay for a particular role. If you are already earning at the top end of the salary range for your job, it may be time to face the reality that you need to earn a promotion in order to increase your income.
Actions: Understand what is reasonable to expect by doing your research. Talk to people in your industry who are able to give you accurate insight to what you can expect to earn doing your job with your level of experience. Engage with recruitment consultants and leverage information freely available online to assess the range of salary and benefits that are typical.
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