Career expert explains how to ask for and get a pay rise in the New Year
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Asking for a pay rise often requires careful planning. Whatever your reason, perhaps your role has expanded or you've completed extra training, it's important to pose the question in the right way. From when you ask your manager to the reasons you offer, many variables can affect the outcome of the conversation. Fortunately, Matt Burney, career expert at Indeed, has outlined seven steps you can follow to increase your chances of success.
These include researching salary trends and preparing a script ahead of time. Below, Burney breaks down each step, so you can be prepared for every outcome when you meet your manager. Burney says: "Ask for an increase when your manager will be most receptive to the request. This can be influenced by the business’s financial situation, your manager’s workload, your recent achievements, and your work progress. Understanding these factors and approaching your manager at an appropriate time will help your request.".
"Researching salary trends allows you to know the salaries of other professionals in similar roles. Enter your job title into the Indeed Salaries search. This tool gives the average national salary for your job and the salary spread across the country," the expert suggests.
"More experienced, highly educated professionals usually earn salaries at the upper end of the pay spectrum. Location and the cost of living can also influence earnings. Browsing through job advertisements for similar roles in your local area can help you determine a fair salary. Ask for a little more than you want, as most managers will try to negotiate with you.".
