Do you think you are worth more? Maybe it’s time to negotiate a salary increase? However, it’s important to do this in a professional and informative manner.
Before you consider sitting down with your manager to discuss a pay rise you should bear the points below in mind.
What is happening to salaries in your sector?
Look at the job market in general to see whether it is stable enough to be giving out salary increases. It is important you go in to the meeting with factually correct information to ensure to give a strong argument to your case.
What are the market conditions like for your sector?
It is also important to be informed of your industries current market condition.
Is it a candidate short market or is it high in demand? This will all play a part in whether you are likely to be rewarded with an increase in salary.
It’s important that the increase you are asking for is realistic. To make sure this is the case, do your research to see what the average salary is for your job role. In the current climate, a lot of hiring managers face uncertainty on the market conditions and are therefore more cautious and are unlikely to react well to high salary demands.
It’s important that the increase you are asking for is realistic. To make sure this is the case, do your research to see what the average salary is for your job role.
The most important thing to bear in mind before asking for a salary increase is that you have done your research to back up your points.