Here are 9 steps to help you secure a great pay rise:
- Do your research: Know your worth! Research average salaries for your position, industry, and experience level in your area. This will give you a strong baseline for negotiation. [salary information websites]
- Track your accomplishments: Keep a record of your achievements, projects completed, and contributions to the company. Quantify your results whenever possible - increased sales figures, improved efficiency metrics, etc. This builds a strong case for your value.
- Time it right: Don't ask for a raise during a company downturn or right after a bonus. Look for times of financial stability or after you've completed a significant project.
- Set a clear goal: Don't just say "I want more money." Determine a specific raise percentage you're aiming for based on your research.
- Practice your pitch: Prepare what you'll say in your conversation. Be confident, articulate, and focus on the value you bring to the company.
- Be prepared to negotiate: The employer might come back with a counteroffer. Be ready to discuss further contributions you can make or walk away if the offer doesn't meet your needs.
- Dress professionally: First impressions matter, so dress appropriately for your meeting.
- Be professional and courteous: Maintain a professional demeanor throughout the conversation.
- Be willing to walk away: If the raise doesn't meet your expectations, be prepared to walk away and consider other opportunities.
