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How to get a pay rise: Asking, negotiating or getting a pay rise, raise, salary
increase or job promotion can be successful and rewarding if done
correctly. There is no standard method, but there are different approaches on how to ask, negotiate or get a pay
rise, raise, salary increase or job promotion. It is best to have a
meeting instead of writing a pay rise request letter or sending a pay rise
request email.
Also see our Salary
Negotiation Example &
Work
From Home.
In addition to our free FAQ & ASK US feature, we
also offer a coaching service for a fee. This is especially helpful if you
require us to work with you to help get a pay rise, for salary negotiation
for a new job.... etc. See our salary
negotiation & pay rise coaching & consulting page.
Frequently
asked questions- Salary/ Pay Rise
Through The Hidden Job
Market, if a company finds the right candidate for a job, without having to
advertise or having to go through the trouble of searching or
recruiting, they
will hire that person. As you would be the only candidate, you will be
able to negotiate a higher starting salary.
To follow are some tips on how to ask, negotiate or get a pay
rise, raise, salary increase or job promotion:
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Whatever approach you
choose to secure your next pay rise, you need to negotiate.
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If you are
expecting a 10% pay rise, you should ask for an 18% rise & then
negotiate with your boss/ employer. If your job role is
critical, if your underpaid or if your role would be hard to fill if
you left, then you will be in a more powerful position to negotiate your
next pay rise.
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It is best to avoid writing a pay rise/ raise letter or email, unless you have to. A face to face
discussion is best for these situations. While some write a pay rise or salary increase
request letter, we recommend you ask for a meeting with your
immediate manager & discuss this in the meeting. On rare
occasions, to justify why you deserve the pay rise to more than your
immediate manager, you may be asked to write a pay rise or salary
increase request letter. Even if your immediate manager is in a
different location, it is better to wait until you can discuss in a
meeting instead of writing a pay rise request letter.
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Many companies review everyone's salary on a yearly
basis. Asking for a higher pay rise at your yearly review is fine,
provided you deserve it.
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Evaluate what you are worth in the market
place through newspaper
ads, associations, colleagues... etc. This can be used as a benchmark
for how much you should ask for.
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Make weekly or monthly notes of all your achievements & how the
company &/ or its clients have benefited from your achievements.
This is one of the best justifications for a pay rise.
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If you deserve a pay rise, ask for it, even if your boss/ employer says the economy is not that good ... etc.
and don't give up, even if they are not giving anyone a pay rise.
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If you are confident that you deserve a pay rise, be
persistent, but be reasonable & professional. Do not push your
manager into making a quick decision.
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If there are a combination of negative factors such as
bad economy, high unemployment in your field or industry and/ or your
performance is not that good, you should delay the request or at least
don't be persistent until the factors improve.
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You can practically ask for a pay rise at any time of
the year, but the best
times to ask are; after the company announces its good
financial results, before next year's budget, after you have secured
another job with a competitor or after you have completed a major
project.
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Sometimes, if you don't ask for a pay rise, you won't
get one, so don't hesitate to ask for a pay rise.
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It is usually quite simple to ask & if you haven't received a pay rise recently, your boss is probably expecting you to ask for one.
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A pay rise can be in the form of salary packaging. It
can be a company car, laptop, additional insurance, cell or mobile phone.... etc.
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If you ask for a pay rise & you are not successful, ask your
boss what will qualify you for a pay rise in the future
& what the timeframe is. Follow up with him/ her within the
timeframe given to you.
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When you are successful in getting a pay rise, it is a
good idea to thank your manager verbally, via email or via letter.
Salary negotiations for a new job offer:
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When applying for a job or
during the initial interview, we do not recommend disclosing you current
pay rate or salary. Delay answering this question by saying something
like "I am sure we'll agree on a salary that's acceptable to both
parties" or "my salary requirements are negotiable"
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If you are earning higher than their budget, they may
eliminate you.
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If you are earning less than their budget, you may miss out
on a higher salary.
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Let the employer decide to hire you first, then
discuss salary. You will be in a much better position to negotiate a
higher salary and to secure the position.
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Always negotiate after you are offered the job, but
before you accept the offer.
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Be decisive and very serious in your moves.
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Obviously if you have more than one job offer, you
will be in a better position to negotiate a higher salary & pick
the the better job. This can be tricky, so be genuine in your
discussions as you don't want to end up with no offers.
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It is easier to start with a higher starting salary
than to start with a lower starting salary & expect to get a high
pay rise in the near future to make up for it.
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Once you get the job offer show your interest, but it
is best not to give them an answer right away. Let them know that you
will get back to them later that afternoon or first thing in the
morning. This allows you to review the offer and prepare your negotiation
process. Be prepared by going through the two scenarios in our Salary
Negotiation Example.
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Start with the base salary negotiations first. Once
you agree on a base salary, start negotiating additional benefits.
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To get you to accept a job offer, some employers will
say we'll review your salary in six months. Be aware that while they
probably will, they usually will only give you a pay rise if your
performance is above their expectations. So once you start working for
a company the normal pay rise criteria will apply to you. So accept an
offer that you will be satisfied with in case you don't get a pay rise
in a few months.
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Keep in mind that most employers are happy to
negotiate your salary package as a whole.
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It is not uncommon for an
employer to negotiate a few extra paid holidays or annual leave in the
first year due to a pre-planned commitment... etc.
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Also, if you are currently working, it is best not
to resign, as you will be in
a better position to secure and
negotiate a higher starting salary for the new job if you are
currently working.
Related topics we'll be adding shortly: online
salary negotiation coaching, job
promotion tips, job promotion letter, how to qualify for your next job
promotion, accepting or rejecting a new job offer and salary
packaging negotiations.
ASK US if you have questions
or if you need assistance/ advice to negotiate your next pay rise or to
negotiate a salary for a new job offer.
A well written
resume will help you in your job search to target higher paying jobs.
Also see our frequently
asked questions-salary & pay
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