When Is It Time to Ask for a Pay Rise at Work?
Posted on Friday, January 25, 2019 by The Workplace Advisor — No comments
Many people feel uncomfortable asking for a pay rise and that’s understandable. It’s not the easiest thing to essentially ask your boss whether you’re worth investing more money in! But when it comes to asking for a pay rise, timing is everything. To get the answer you want, you need to wait until the right moment. As a leading London recruitment agency, we can help you spot the green light to ask for a pay rise.
You’re due a performance review
The best time of the year to ask for a pay rise is during a performance review. This is when most companies schedule subsequent pay rises depending on how successful you’ve been in your job throughout the year. However, that’s not to say that you can’t ask at other times in the year too.
You have a new degree or qualification
If you’ve been working towards a degree or qualification alongside or at work, you may have picked up new skills or a certification that sets you apart from your colleagues. If you can prove that you’re a high performer and possess skills or qualifications that not everyone has, you’re in a good position to ask for that pay rise.
You’ve been offered a job elsewhere
If you feel you aren’t being paid enough, then you might have checked out the job market or even applied for other jobs. If you get offered another job, you can let your current employer know and tell them if more money would keep you. Many companies approve a pay rise to prevent losing valuable staff members. However, you also need to be prepared for them to say no, and for you to leave your current role.
Your workplace is financially stable
Before you ask for a raise, you need to think about the overall finances of your employer. Of course, you may not know the ins and outs, but if you know that day-to-day work is running smoothly and revenue is on the up, you’ll stand a better chance at getting a pay rise than if your employer is losing money and staff.
Assess the mood and situation
If your company is going through a rough patch or your boss isn’t meeting their targets, it might not be the best time to ask for a pay rise. However, if your boss is in a good mood and the business is doing well, you’ll stand a better chance of receiving a yes. Judge the mood in the company before asking. If you feel it’s time to move on, then we can help you find your next office support job, temporary job, or PA job in London.
How to ask for a raise
Once you’ve decided the best time to ask for a pay rise, you need to do so with confidence and respect for your employer. Ask them for a meeting and present the reasons why you feel you deserve a pay rise. As long as you’ve done your research and you approach the subject in a polite and thoughtful manner, the conversation should be positive and lead to negotiations. Good luck with your pay rise conversation!
For more top tips on workplace matters and office jobs, stay tuned to the Love Success recruitment agency blog.
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