Career

Read this guide if you want to get a salary increase

Everybody wants one after all!

The obvious answer is to just ask. However, this line is normally knocked back and often viewed in an unfavourable light. The key is planning a conversation that will steer the discussion towards a possible salary review.

First off, you need to ask yourself the following questions:

1.     Why do I deserve a salary increase?
2.     What value do I add to my employer?
3.     How do I fare against my peers?
4.     What will my employer receive in return?
5.     Is there areas of my role that I can develop / increase?
6.     What is my market worth?
7.     When was the last time my salary was reviewed?

Still think you deserve a pay increase?

Okay. Assuming it’s a ‘yes’ you need to plan out how you’re going to breach this conversation with your line manager. The best way to do this is to think about a timeframe – i.e. rather than asking for an immediate rise, think more along the lines of a development plan with measurable key performance indicators (KPIs) that you can work towards over a 3-6 month period. This may sound like a long time, but it’s realistic and demonstrates commitment and return to your employer.

Knowing your market worth can be tricky, especially if you’re in a bubble with no outside perspective. There are lots of means to find out the ‘going rate’ for your role such as speaking to a recruiter, going on job boards or looking at sites such as Glassdoor.

Beyond working towards a rise, you’ll also be developing your skills and toolkit through your agreed development plan and therefore future-proofing your career.

Interested in knowing what you should be getting paid? Get in touch with us today.

Alex
I’m a Founding Partner of Bamboo Crowd. I help our clients invest better in people and scale through Engine. I solve recruitment challenges and help our clients source the best talent across operations, business development, programme management, and technology. Ask me about good films, beards and hip hop.