Worked hard, increased the bottom line, got praise from the boss, salary stays the same… Wait, what?!
It gets frustrating when everyone around you seems to have leveled up, but you’re still waiting for your turn. Probably, they got promoted and received a raise because they knew how to ask for it.
Although it can be nerve-racking, New Zealanders are increasingly prepared to ask their boss for a pay rise to improve their income.
In Hays FY 2019/2020 Salary Guide, 56% of employees say a salary increase is their most important career priority this year, with 53% intend to make this happen by asking for a raise.
For a successful pay rise request, convince your boss why you deserve it. Prepare quantifiable and specific evidence of your accomplishments.
What have you achieved the last time you got a salary increase?
Make a list of your achievements for your key performance indicator (KPI) review. List down additional duties or work volumes you are now undertaking, and projects you’ve been involved in. Include the results for each accomplishment.
Research on the average salary of similar roles advertised on job sites, and review recent salary guides available online.
It will back up your request and demonstrate that you’re asking for current market rates.How To Ask For A Raise Click To Tweet
Properly ask your manager for a meeting to review your salary. Don’t spring it on your boss suddenly.
Schedule a time and state the objective of the meeting request — to present your case for a salary review.
Be professional and courteous during the meeting.
Stay calm and focused, with the right amount of control. Don’t be emotional, and don’t say how much money you need. Instead, present and prove your point with the gathered evidence.
Remember the reason why you’re asking for a raise in the first place. Prepare to discuss, at any length, the salary you feel your accomplishments are worth. Your boss may want to negotiate this value.
How much are you willing to compromise?
Have an ideal figure or a minimum increase in mind.
Have a contingency plan in the event your employer gives you the not so good news he or she cannot increase your salary this time. Perhaps another review in 3 or 6 months?
If there’s an offer for additional benefits — working from home, paid training, or extra annual leave — take it!
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