Let me beginning by saying...Happy New Year. I am loving the feel of this year and I am hoping to share a lot of tips I have learnt over the years. I think it would just be right to start of with finances. I have realised a lot of people are uncomfortable asking for what they want....
We already know over the years there has been a massive pay gap between males and females and hopefully those days are coming to an end.
So how can one get a pay rise? It is not as tricky as a lot of people make it seem. All it takes is hard work, as the saying goes 'you rip what you sow'. When you've worked hard and demonstrated you skills in a work place you become an asset. When you've attained all the knowledge and skills required for a role, you become indispensable.
Once you have got to a stage whereby a company is reliant on you, say you have demonstrated being reliable, timely, responsible, a leader, trustworthy & capable to train other future candidates within that company, you have now become an asset. At this stage you can use this as your bargaining tool. Why would they want to lose someone like you and have to waste resources to find another suitable individual, that is the key question you have to ask yourself.
Facing your Boss
I know I said it can be easy to ask for a pay rise, however you should also prepare for the excuses your boss might make. At times companies simply do not have a budget to give you a pay rise, so in that case you will need to weigh out the pros & cons of staying. It is not always about money when you are weighing out what is most important to you as the grass is not always greener on the other side.
When you do ask for a pay rise your boss might ask you to wait for another 3 months so you can prove that you are deserving; at this point you will need to show evidence that you have done so already. Sometimes bosses want to buy more time, and have you jumping extra hoops just to delay what they know you already deserve. This could also work to your favour as you can seek other positions with other companies whilst your boss is buying that extra time from you.
Another big bargaining tool is once you have an offer from another company, and your boss finds out, they may want to place a counter offer so you can stay within the company. At this point it will be for you to make up your mind to either accept the counter offer or go elsewhere where they already recognise you true value.
To conclude, every work place is different and I understand it will not be as simple as I have put it. But always understand your value and do not let anyone else determine it for you.