You may think that it sounds crazy to even consider asking for a pay rise in the current climate, depending on your situation it might be exactly the right time . Here’s a little guidance for you.
Q. How long should you work somewhere before it’s considered OK to move on – or ask for a pay rise?
In the current climate people are changing jobs a lot, not always due to choice. How quickly you move on will depend on many factors, such as the industry norm, those in sales quite frequently move on to pastures new, but that’s not considered a problem.
In contrast, if you stay in a job too long you might appear unambitious. I would never recommend staying somewhere where you are not really happy, it will impact all aspects of your life detrimentally, so better to move on.
In terms of a pay-rise if you are seeking it quickly without an actual promotion, I would start talking about it at the interview stage, asking for a 3 month or 6 month review and actually discussing the potential figure it could be increased to, that way you are making your expectations clear.
Q. What are your top tips for asking for a payrise?
- Do your research.
- Find out what the going rate for other comparable jobs is.
- Gather as much information as possible, testimonials, feedback from colleagues, suppliers and customers.
- Demonstrate that you’ve made a real difference through: cost savings, improved performance or financial growth.
- Doing your job well is expected, you need to show that you have exceeded expectations and are already working at the next level.
- Get yourself an influential champion, sponsor, mentor or coach, someone who has the boss’s ear and someone who can help you work out the right way to go about things in your work environment.
- Schedule a meeting to discuss your pay rise, don’t just slip it in to an existing meeting, help your boss prepare so that it isn’t a surprise.
- Don’t make threats, if you push your boss, he or she is likely to push back.
Q. What if the answer is No?
If the answer is no this time, make sure that all the reasons are explained to you and write them down, create an action plan to make it difficult for them to refuse you next time, ask when it can be reviewed again and make sure that it happens.
Even if you are disappointed, be professional and keep the relationship amicable. By raising your head above the parapet you have demonstrated your ambition and if opportunities arise your boss will think of you.
Remember ‘ fortune favours the brave.’