How to ask for a pay raise and how to re-negotiate the highest salary increase for women and men.
- What percentage pay raise should I ask for?
- How much should I ask for?
- A remuneration increase can be in the form of salary packaging, such as a car, stock options, extra time off, additional education and extra insurance benefits.
- Let me work with you to re-negotiate your salary, to guide you and to show you how to ask for more remuneration in 2024.
- Assisting clients in USA, Argentina, Canada, NZ, France, Singapore, Japan, UK and worldwide. Also, across Australia, including Sydney, Brisbane, Adelaide, Perth and Melbourne.
How to ask for a pay raise for women and men
- Many companies review everyone’s salary on a yearly basis. But if you want more than the average, you need to ask your immediate manager.
- Don’t expect to receive an increase automatically.
- If you don’t receive a raise, ask your immediate manager how to qualify and what the time frame is.
- Take notes of everything your manager says.
- Follow up with your manager within the time frame given. But if they keep delaying, ask for a new time frame, then follow up.
- Some of the best times to ask for higher remuneration are:
- after a high achievement
- before next year’s budget
- after great financial results
- once you receive a job offer from a competitor
- Once you receive an increase, send your boss a thank you email, even if it is not as high as you would like it to be.
Tips on how to ask for a pay raise for women and men
- If your role would be hard to fill, you will be in a very powerful position to re-negotiate.
- Keep track of extra tasks, extra projects and your achievements, so you can justify the increase to your manager.
- If you deserve an increase, ask for it, even if your manager says the economy is bad. But don’t be persistent.
- If you are confident that you deserve an increase, be persistent. But do not push your boss.
- Delay asking for more remuneration if your performance is not good. If you do ask, at least don’t be persistent at all, until you improve.
My clients also ask for assistance with:
- I have been offered an external position with another company. Should I ask my manager to match the offer?
- What not to say when asking for a raise as a woman.
- Can I ask for higher remuneration even if the company is not profitable?
- Do women get paid less than men? And how can I make sure that I don’t miss out on more pay?
- Why should I hire a salary negotiation coach/ specialist?
- My colleague received higher remuneration this year, even though I perform much better than him and I have been with the company for longer. Can you assist me and guide me?
- I have been promoted to a managerial position. This will advance my career, but there was no mention of higher remuneration. Is this normal?
- If my manager doesn’t increase my salary, can I ask senior management for help?
- I have been filling in for my manager since he resigned, so I am handling two roles, but I haven’t been promoted. Shouldn’t I receive more remuneration and a change in title?
- If I deserve higher remuneration, how often can I keep asking for a rise?
- Can I ask for a change in title and an increase in compensation at the same time, even though I only started 2.5 months ago?
- Do women have to negotiate more than men to achieve the same remuneration?
- Can I ask for an increase even though the company is downsizing dramatically?
- How much of an increase should I ask for?
- Research what you are worth in the market for similar roles within your locality. Then ask for more based on your research.
- Ask for more than you are expecting and then re-negotiate. So, if you are expecting a 10% increase, I would ask for 20% and then re-negotiate.
What not to say
- I have been with the company for so long, I need to be rewarded right away.
- If you don’t give me a salary rise, I will not work as hard as I used to.
- I can get a better job at a better company with more pay, if you don’t improve my remuneration package this week.
- Asking for 50% or 60% more, unless you can justify why.
- If you don’t give me higher remuneration, I will resign in the next two weeks.
- Why is he making 20% more than me, even though I perform much better and I work harder than him?
- Also, don’t get angry or defensive while asking. So always be polite and very professional.
What if you don’t receive the salary increase that you ask for?
- Always stay calm and make logical moves.
- Ask your immediate manager when the next pay review will take place.
- Do not complain to a senior manager, CEO, HR or to any other manager.
- Don’t complain to your coworkers that you are not happy because you haven’t received an increase for a long time.
Related topics I’ll be adding is how to ask for a raise for women.
Assisting clients worldwide. Including across Australia, in Sydney, Melbourne, Brisbane, Perth, Wollongong, Hobart, Newcastle, Darwin, Central Coast, Adelaide and regional Australia.
Please share these tips on how to ask for a pay raise for women and men.
KMD-Solutions is based in Sydney, NSW, Australia.