Pay raise tips to negotiate a higher salary increase in 2021. Asking for a pay raise can be rewarding, if done correctly.
Can I ask for a pay raise during COVID-19?
Should I write an email asking for a pay rise?
- Pay raise tips on how to negotiate and asking for a pay raise. Including during the COVID-19 coronavirus pandemic.
- Successfully negotiating your pay raise can result in more than $300,000 over the course of your career.
- Also see post coronavirus job search tips and COVID-19 virtual interview tips.
- There is no standard method for securing a pay raise.
Pay raise tips to successfully negotiate a pay raise
- Always evaluate the risk factors.
- You can ask for a pay raise at any time of the year. But the best times to ask are;
- after the company announces good financial results
- before next year’s budget
- after you have secured a job offer with a competitor
- or after you have successfully completed a major project
- Sometimes, if you don’t ask for a pay rise, you don’t get one.
- Evaluate what you are worth in the market place through job ads and associations. Use this as a guide for how much to ask. Also take in consideration the cost of living at your location. So you can justify a higher pay raise if you live at a more expensive city. Most multinational organisations have different pay scales for different location.
- Make weekly notes of all your achievements. Also, note how the company and its clients have benefited. This is one of the best justifications for negotiating a pay raise.
- If you haven’t received a pay raise recently, your boss is probably expecting you to ask for one.
- A pay raise can be in the form of salary packaging. It can be a company car, laptop, insurance, cell phone … etc. Discuss all salary options that appeal to you with your employer.
- Through the hidden job market, if a company finds the right candidate, they hire that person. As you would be the only candidate, you can negotiate a higher starting salary.
More pay raise tips
- If you are not successful in getting a pay raise, don’t make emotional moves.
- If your pay raise request is not successful, ask your boss what will qualify you for a raise. Also, ask what the time frame is.
- Follow up within the time frame. If he or she delays indefinitely, ask for a new time frame. Then follow up within the time frame.
- Whatever approach you choose to secure your next pay raise, negotiate in person. If it is not possible to meet in person, then negotiate on the phone.
- If you are expecting a 10% pay raise, it is best to ask for 19%. And then negotiate with your employer.
- If it will be hard to replace you, you can negotiate a much higher pay rise.
- Many companies review everyone’s salary on a yearly basis. So ask for more than the standard pay rise, if you deserve it.
- If you deserve a pay raise, ask for it, even if your boss says the economy is bad. Don’t give up, even if they are not giving anyone else a pay rise.
- If you are confident that you deserve a pay raise, be persistent. But be reasonable and professional. Do not push your boss into making a quick decision about your pay raise.
- When you are successful in getting a pay raise, thank your boss. Thank your boss in person or via email.
What to avoid when you negotiate a pay raise
- Avoid writing an email asking for a pay raise, unless you have to. Also see salary increase letter or email.
- A face to face discussion or a phone discussion is the best method to discuss a pay raise.
- Avoid discussing your pay raise request with other managers, supervisors or employees. This is applicable regardless of the result of your pay raise request.
- While some write an email asking for a pay raise request email or letter, we recommend you ask for a meeting with your boss.
- Sometimes, to justify why you deserve the pay raise, you may be asked to write a salary increase letter or email. Also see counter offer letter.
- Even if your boss is in a different location, it is better to wait until they come back. So you can discuss in a person. instead of writing a pay raise request letter. Even if you have to call your boss, it is better than writing a pay raise request email or letter.
- If your performance is weak, delay asking for a pay rise. And don’t be persistent, until the factors improve.
Salary negotiation coaching
We’ll add online salary negotiation coaching and sample salary increase email and letter. In addition to accepting a new job offer and salary packaging negotiation.
- As a result of the coronavirus pandemic, employers are conducting virtual interviews.
- Also see post COVID-19 CV tips and post COVID-19 application letter and email tips.
Please share these tips and the best ways to negotiate a pay raise.
Also see my salary negotiation coaching
KMD-Solutions is based in Sydney, NSW, Australia
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