03 Apr Looking for a pay rise? Top tips on a pay rise request
Looking for a pay rise? Top tips on a pay rise request
It is very natural for any employee to seek higher pay for the services he or she offers. It may be coming as a policy decision from your employer as an annual increment or in the shape of bonuses. However, there may be situations where is not coming in as a company policy and you have to put your case forward for a pay rise.
If you are one such employee who is considering forwarding your case for a pay rise in the near future (or even distant future) then you are in the right place reading this article. Here is a list of smart tips that you must consider while preparing your case for a pay rise:
What if your boss turns your pay rise request down?
Your reason for asking for a pay rise must be clear in your mind. If you are asking for a pay rise since you find your job underpaid and taxing then make up your mind about the next action. It may be quitting the job or continuing in hope for a better day. Whatever, be your option, you must be mentally clear and ready to execute it in case of a no.
Do you really deserve a pay rise?
You request for a pay rise must be based on solid reasons that includes meeting the objectives, scoring good appraisals and fulfilling employer expectations successfully. Your case for a pay rise is stronger when all these factors are in your favour. Unless you are sure, do not attempt to check your employer response and score a disappointment instead of a pay rise.
Your employer or company policy allows filing such a pay rise request?
You may be ambitious for an instant pay rise but your employer may have a prescribed policy for a pay rise. Your case may not fit the rules set by the employer. It is smart to check with the relevant pay and allowances department before applying for a pay rise to avoid rejection on policy or technical qualification grounds.
Is your personal qualification or market worth commiserating with the pay rise you are asking?
It is important to understand that each qualification and experience slab has a market value and employers don’t like to pay more than the market value of a particular position and experience level. Please research well, the market value of your position and experience before applying for a pay rise. Asking for more than your position is worth and value would be seeking a rejection by default.
Are you good enough to handle additional responsibilities and employer expectations that come with a pay rise?
It is obvious that an employer would seek more value from you with increased pay. Please be prepared to shoulder more responsibilities that come with higher pay. Ask yourself the question that “can I handle this?” If yes then go ahead and request a pay rise.
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