- Decide how much to ask for - consider the state of the economy. If you’re playing it safe, go for a figure that’s in line with inflation levels, currently around 5%.
- Prove your worth - show how the work you’ve done in the last year has had a positive impact on the performance and efficiency of your team.
- Research what other jobs are out there - do they pay more or less than you’re currently paid? Show examples of jobs that are similar to yours but pay more.
- Consider your options - are you in a position to walk into a different job that pays more? If you are, make sure your boss knows this as it’ll give you more leverage.
- Justify why you deserve a bigger pay rise - especially if you are asking for a rise outside your normal annual review. If your job has grown, remind your boss that you’ve taken on additional responsibilities and this should be reflected in the pay deal you agree.
- Look at the company’s profits - if it’s been a bumper year, with senior managers receiving hefty bonuses, argue that you deserve a share of the profits too.
- Check out shareholder activity - are they getting healthy handouts? If they are, then you can also argue that you should.
- And finally, if your boss plays for time, suggest they might want to settle quickly. If inflation continues to rise, as economists predict, you’ll be in a position to put a new figure on the table in the coming weeks.
Source: http://www.secretarialblog.co.uk/
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