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Pay Rises - Asking for More Money



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So you think you're due a pay rise?

1. Would you?

Be honest with yourself - would you give yourself a pay rise? Think about how you're performing at the moment. Are you making a difference to the company, are you contributing to their success and do you think they can afford it?

2. Do your research...

How much are you worth? Register with some job sites and look at how much is being paid for positions similar to yours. Cross reference the role, location and holiday pay etc.

3. Sell yourself...

Give examples of how much value you add to the business. Show what problems you've helped them overcome and what improvements you implemented.

4. More than just a number...

But don't make the matter a personal one, it's all about what you contribute.

5. Manage your expectations...

Don't expect them to flash the cash at you. Keep your "demands" realistic as you should look for a rate that you're worth, not necessarily what a want.

6. Be honest...

But don't burn your bridges. Talk about that you feel your role has changed, you feel undervalued and your motivation levels.

7. Be realistic...

Think about how much you contribute, but also think about how much they can afford and try and work out if there's a pay scale in operation.

8. Pay negotiation...

Understand that often it isn't your manager that decides on your pay, but their management. It may be a board decision so give your manager something to sell and don't expect a quick response.

9. Inflated pay...

Work out what the inflation rate is and think about asking more than this. If the inflation rate is 2% and you only get a 2% pay rise then in effect you're no better off. Make sure you let your employer know that you want to be paid more in real terms as you're making a real impact on their profits.

10. Believe in yourself...

Can you give any reasons why you should be paid more? If not, you may be feeling you're in the wrong job? Would an extra �2/3k make you happier in the job?

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