How best to ask your employer for a pay rise
At some point in your career, it’s likely that you’ll be faced with asking for more money from your employer. While it may seem like a daunting task, it’s just part of the working world and managers and business leaders alike will be used to such requests from their employers.
However, you can’t simply storm into your boss’ office demanding a salary increase. You must do your research and plan your approach carefully. Read on for our top tips on how to ask your employer for a pay rise.
Gather your evidence
Firstly, you need to gather all the necessary evidence to back up your case. Start by doing a little research online to see what the average pay is for someone in your position. You can do this by looking on salary review tools, or searching for similar jobs in your local area. If you find that you’re receiving below the average pay, this is one piece of evidence to bring along with you.
Secondly, it’s important to remember that most employers reward their staff based on their performance. Therefore, pull together a list of your successes over the past 12 months and consider how these have contributed to the business’ performance as a whole. For example, it might be that you’ve exceeded your sales target every month, or have started to manage new members of staff.
Figure out what you want
Once you’ve gathered your evidence, it’s time to think about what you want from your employer. Avoid plucking a number out of thin air and carefully consider how much of a pay increase you’d realistically like. After all, if you march in and ask for an unrealistic £10,000 increase, it could simply cause tension between you and your boss.
Remember to factor in tax or student loan repayment increases that may come as a result of your pay rise. This will help you to think about what’s going to make a real difference to your pay packet each month.
Start with an email
Once you have a clear understanding of the pay rise you are after, it’s time to approach your employer. If this is happening outside of your annual or salary review, you should start with a short email to your manager. Within this, you should ask for 15 minutes of their time and state that you have something you’d like to discuss with them.
You can then ask them about a potential salary increase within the meeting. Use that evidence you bought along earlier and have this ready in an A4 document to give to them. It’s best to do so after the completion of a successful project or a string of other key wins. Avoid approaching your employer if the company is going through a particularly bad spell, they’re overly stressed or it’s a Monday or Friday – it’s likely they won’t be in the best frame of mind.
Plan what you’ll say
As mentioned above, you should put together a short list of why you deserve a pay rise, highlighting your recent key achievements. Discussing salaries can be uncomfortable at the best of times, particularly if you’re looking for a higher one. By planning and practising what you want to say, you’ll stand a better chance of coherently explaining why you deserve the pay rise.
In some cases, your employer may look to negotiate with you, offering a lower salary than you’d hope for. Be wary of this and have plenty of evidence to back your corner.
While asking your employer for a pay rise might feel intimidating, as long as you approach it in the right way, you should have no problem negotiating a salary increase. Do your research and take this information with you to ensure that you don’t get stumped if they challenge you. Good luck!CV-Library is the UK’s leading independent job board and owns a range of other career sites, including Engineering Jobs. For more expert advice on careers and the workplace, visit their Career Advice and Recruitment Insight pages.