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How To Ask For A Pay Rise – 5 Tips

On25/ 10 /17

Pay rises can be a tricky topic. Clearly you can’t just demand a pay rise - you need to build a convincing case, present it clearly and get your timing right.

However, many of us feel uncomfortable asking for an increase. This is often because we struggle to demonstrate our value.

We bring you five tips to help you approach your request and give you the best possible chance of success.

1. Evaluate why you deserve it

You can’t expect a pay rise simply because it feels like time, your performance needs to justify it.

It’s therefore key to evaluate exactly why you deserve a raise. Has your performance been above standard? Have you hit targets or received positive feedback from clients?

If the answer’s no, it may be better to wait and work on your performance goals. This will strengthen your case for a future increase.

2. Research market rates

If you want to give yourself the best chance of getting a pay rise, it’s important to do some thorough research. So take a look at the market and find out average and top salaries for similar roles. Make sure you research both locally and nationally, to get a realistic idea of going rates. 

Knowing the market will put you in a far stronger position to negotiate with your employers.

3. Put your case together

Once you’ve evaluated why you deserve a raise and carried out your research, it’s time to put your case together.

You need to be able to show clear examples of your accomplishments and where you’ve added value to the business. Remember this is a business decision – so in the end the numbers are likely to do the talking. However, if you can also demonstrate your commitment and where you’ve gone ‘over and above’, it can help support your request.

4. Get your timing right

Whilst you can ask for a pay rise at any time, there will be certain times that will give you the best chance of success. Your appraisal is an obvious example, as you will be discussing what you’ve achieved in the last 6 months or year. Equally, the end of your company’s financial year could mean that new budget is available.

If you don’t have an appraisal meeting already booked in with your boss, it’s important to schedule something concrete in the diary. 

As a general rule, it’s better not to ask more than once a year unless your responsibilities change significantly, so try to make the most of each opportunity.

5. Ask for Feedback

If you’re request is declined, try not to take it personally. There are a whole variety of reasons why this could happen, including a lack of budget.

However, it’s important to ask for feedback so that you can plot out your next steps. This should allow you to broach the subject again, either when the company is in a different position or you’ve progressed and taken on extra responsibilities. 

For more job advice and tips, read our selection of blogs. We also have a regular interview series, helping you to answer the very trickiest interview questions.
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