Feeling like it’s time to level up your salary? You’re not alone. It’s totally normal to reach a point in your role where your experience, knowledge and skills exceeds what you’re being paid.
You could be nailing every task (and then some), have been with your employer for years without any financial benefits, or you’ve finally gotten that promotion but didn’t get the salary to match… Whatever it is, if you feel like it’s time to have a money conversation, it probably is.
Many people hesitate to ask for a pay rise, even when they truly deserve it for lots of different reasons. We want to help you feel more confident about asking for a pay rise so we’ve come up with a few tips to give you a boost. Here we go.
Know your worth
Before approaching your manager, research the market rate for your position and industry. Knowing how your current pay compares can help you build a solid case.
The going rate for salaries in some roles can be pretty easy to find but for others, you might have to do some more digging. If the internet doesn’t have much information for you, reach out to people you know who are in similar roles in your industry and ask if they are happy to share their salary.
Highlight your achievements
Make a list of your contributions and how they've benefited the organisation. Did you lead a project that boosted revenue? Have you consistently met or exceeded your targets? Did you organise the team socials this year of your own accord? Concrete examples of the value you bring to your team can make your request more compelling.
Choose the right time
Timing is key! Try to choose moments when your company is doing well financially, or after you've accomplished something significant so that your value as an employee is front of mind.
It can be wise to avoid busy or stressful periods of time but don’t let it always put you off, especially if you work for an organisation where that is the norm. Remember, sometimes there is no perfect time and you deserve to feel valued in your job.
Practise the conversation
Rehearse what you plan to say so you can be clear and feel confident. You might like to try role-playing with a friend before you meet with your manager. Practising helps reduce anxiety and can help you avoid rambling or missing key points of your request.
Be prepared for any outcome
While you hope for a positive response, be ready to discuss alternatives if a pay rise isn't possible right now. This could include additional perks like flexible working hours, more holiday days, or professional development opportunities.
Asking for a pay rise is a normal part of career growth and it’s important to know your worth. By preparing and approaching the conversation confidently, you're taking a step toward getting the salary you deserve, whatever the outcome.