Cost of living: Five tips when asking for a pay rise
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Published
If you feel like youâre not getting paid enough, youâre probably not alone.
Increases in average wages have finally overtaken the pace of price rises, but many of us are still feeling the impact of the cost-of-living crisis.
Last year saw waves of strikes, with tens of thousands of workers walking out in disputes over pay, jobs and conditions.
Many of these strikes have taken place in the public sector, where workers often do not have the power to negotiate individually.
And whether you work in the public or private sector, even if you do have a conversation with your manager thereâs no guarantee that it will result in a pay rise.
However, there are ways to give yourself the best chance of success.
We spoke to recruiters, a manager and a workplace psychologist to get five tips on how to best negotiate for more money.
1. Choose the right time
Jill Cotton, a career trends experts at jobs site Glassdoor, says scheduling a talk in advance will allow you and your boss time to prepare, and means youâre more likely to have a productive conversation.
âDonât spring this on your line manager,â Ms Cotton says. âBe upfront and say that you want to book in a conversation that is specifically about pay.â
Rowsonara Begum, who helps her brother run Saffron Indian takeaway in Salisbury, says it also needs to be the right time for the business.
The takeaway has five members of staff and occasionally takes on additional workers during busy periods.
She says if workers pick a time when the business is doing well, they will have the best chance of successfully negotiating more money.
2. Bring evidence
If youâre asking for a pay rise, you should have lots of evidence of why you deserve one.
âKnow what youâve achieved either from a work setting or what youâve done to develop yourself, maybe to support your team, support your line managers. List all the pros of what youâve done,â says Shan Saba, a director at Glasgow-based recruitment firm Brightwork.
This evidence also helps your manager rationalise why you should be paid more, according to Stephanie Davies, a workplace psychologist.
âThe brain needs a âwhyâ â why should I pay you this amount?â she says.
However, itâs not just about bringing a list of all the things youâve done. You should also be clear about what you want to do next, says Mr Saba.
âIf you have aspirations of moving up through your organisation, have a plan of what youâre looking to do over the coming year.â
3. Be confident
When asking your boss for more money, it helps if youâre confident and know your worth.
Thatâs something Ms Begum has noticed, from her experience of having these talks with staff.
âHere in Salisbury, itâs quite difficult to get the staff we need,â she says.
âItâs also become harder to recruit from overseas. So workers have negotiating power because they know thereâs a shortage.â
Often people donât feel confident because there is a âstigmaâ around talking about pay, says Glassdoorâs Jill Cotton, but itâs âan important part of workâ.
Women and people from minority backgrounds can often find it particularly hard to ask for more more, adds psychologist Stephanie Davies.
Her advice to them is to ask for a mentor or role model, who can help guide them through those conversations.
4. Have a figure in mind
Most experts agree itâs best to have an exact figure in mind before embarking on a conversation about pay.
Do your research, advises James Reed, chair of recruitment firm Reed.
âYou can go online and look at job adverts and see what other comparable jobs are being recruited for and what the salaries are,â he says.
Ms Cotton warns the figure should be realistic.
âWe would all love to be paid millions of pounds every single year. But we are being paid to fulfil a role with the skillset we have,â she says.
5. Donât give up
If the above steps donât result in a pay rise, try not to be disheartened.
âSometimes these conversations can take a while, even months, but itâs important to keep the communication open,â says Ms Begum.
Pay is also not the be-all and end-all, says Mr Reed.
âItâs not just necessarily about money. You might be able to get more holiday or more flexibility around working hours,â he says, adding you could also negotiate extra training and development.
And if you donât feel youâre getting what you want from your employer, remember, there are other opportunities out there.
âYou can always look elsewhere, thatâs the really big lesson,â says Ms Davies.
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