Most employees get an average annual
pay increase of about 3.5%. If you think you deserve more than
this, now may be a good time to approach your boss as October
is the time of year when many companies are planning their budgets
for 2007. Here’s how to go about it. (And if you are the
boss, here’s what to watch out for.)
The days of walking into your boss’
office and saying you need a pay rise because John who sits
across from you is earning more than you, or because you have
just gotten married or because you have not had a pay rise in
four years, are gone. The majority of companies still view staff
salaries as an expense (some of the more enlightened ones view
it as an investment) and are therefore always trying to keep
a lid on spending, which means they are selective about salary
increases.
To secure an increase in salary what you have
to do is prove that you are adding significant value which positively
impacts on the company’s performance and bottom line.
In short, you have to demonstrate that you are a high performer.
Listed below are some tips as to how to go
about securing an increase in salary. It is based on the assumption
that you have a good working relationship with your boss. If
the relationship is poor, then you have an even greater mountain
to climb and you need to work on enhancing the relationship
first, before the topic of a pay rise is even mentioned.
1.
Always remember that it is not about you, it
is about what you are doing for the company. The best time to
approach the boss is after you’ve successfully completed
a project or big task. This way you have a concrete and recent
example of how you are adding value.
2.
To add value to a company, you need to know what is important
to the company, so if you are not sure, ask your boss and make
sure you understand where and how you slot into the
bigger picture.
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the remaing 7 points and to read the rest of this article.
For more information on ‘How to
Add Value’ or ‘How to Enhance Working Relationships’
contact James Sweetman at 087 2492774 or
via e-mail today.
