On a recent people2people Australia Live Employment and Job Market Update, Group Managing Director Mark Smith was joined by Recruitment Expert Rachel Adams to discuss the hot topic of salary increases, and how to approach the dreaded conversation of asking for a pay rise.
Check out their conversation below:
“When asking for a pay increase, it's important to approach the conversation strategically and professionally. Many employees can find salary conversations difficult and would rather change jobs than instigate a conversation with their manager themselves.
Here are three tips to help you navigate the process effectively:
Prepare and highlight your value
Before discussing a pay raise, take the time to evaluate your contributions and accomplishments in your role. You can make a list of specific achievements, skills, and responsibilities that demonstrate your value to the company.
Research salary benchmarks
It's also important to go into this negotiation with a realistic understanding of the current market value for your position. You should research salary ranges for similar roles in your industry, considering factors like location and experience. You can use this to make a more compelling case for a pay increase, rather than going in blindly.
Schedule a meeting and communicate effectively
Request a meeting with your supervisor to discuss your desire for a increase in your salary. Don’t go in full guns blazing. You should approach the conversation professionally and confidently, highlighting your achievements. Explain why you believe you deserve the raise, and demonstrate the value you bring to the organization. Be prepared for potential negotiation and have an open mind to consider alternative options, such as additional benefits or professional development opportunities, in case an immediate salary increase is not feasible.”
