It’s fair to say that the current climate hasn’t made getting a pay rise easy. In June 2018, inflation had increased by 4.6%, but weekly earnings are now £15 lower than they were in 2009.
Over half of Brits want to change their jobs because they do not believe they are being compensated well. Inflation is rising and salaries aren’t rising with it. So, how do you get the pay rise you deserve?
- ❓Do some market research and look into how much others are being paid within the industry. Are you being underpaid for your skills?
- ❓Note down your accomplishments. You’ll need to know your value in the business before you take things to your boss. Have a think about what you’ve achieved.
- ❓Specify the raise you want and ask for what you deserve. What are other people getting paid for that position? Don’t be scared to ask for what you want.
- ❓Look for the perfect time to ask. Usually, this is when you’ve done something noteworthy. Your recent accomplishments become the answer to the questions ‘why?’
Go for a change
If the direct approach of asking didn’t work out so well for you, you have two more options. You can either stay at the same company and wait for the general annual raise or you can start to look for a new job at a different company. Those who change jobs typically get a pay rise as they’ll always ask for more than they were on before. It’s not just a rise you receive from getting a new job, you also get to learn new skills and grow your CV even further.
You may get paid more within a city but living costs are generally higher. Relocating can be a smart move if you’re living costs are high and salary is low. Some companies will also provide you with an allowance to help with the move. You can also negotiate your salary and get around 5% more purely based on the fact you have to relocate. Salaries are also higher in the south of England on average, so it’s worth researching average salaries when thinking of where to relocate.
We all want to ensure our career path is heading in the right directions. Sometimes we have to take things into our own hands if the employer does not meet your wants. Remember to go after what you deserve and making big changes can be scary but they often pay off much greater.