To quote the notorious philosopher, Biggie: “I don’t know what they want from me / it’s like the more money we come across / the more problems we see”. While many of us can’t relate to the struggles of being affluent within a low-economic community, talking about a pay-rise in the work-place seems to cause more trouble than it’s worth.
But it shouldn’t be that way. Workplaces should encourage employees to feel open about their finances (within reason of course) and, more importantly, be able to speak their mind if they feel as if they deserve more cash per month.
This great infographic from Make It Cheaper is a step-by-step guide to negotiating a pay-rise during a promotion period. Getting an extra sum of cash without a promotion is a bit harder (but not impossible).
The first question you need to ask yourself is whether you’re happy with your salary. Most of us, at one time or another, have felt we deserve more for the work we do. In fact, 52% of Britain’s employees are unhappy with their salaries right now. That’s enough to call it ‘the majority of Brits’.
The graphic stresses preparation above all when transitioning into negotiations. They write: “before jumping in to a meeting to discuss the issue with your boss, prepare as much as you can to support your case”.
- Know your worth: This is a numbers game so head in to the meeting with a figure in your head. You can check LinkedIn to see what the going rate for someone of your skill is and calculate the replacement cost to the company if you were to leave.
- Timing is everything: Bring it up during a free block in your manager’s schedule. A post-lunch meeting will have your higher-up in a more relaxed mindset and meet somewhere where you know there won’t be any distractions.
These are just two of the many great pointers this graphic gives out, check out the rest below: