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Career Advice

How to negotiate a higher salary in your current role

However much you might enjoy the responsibilities of your current job, it can be hard to look past an income that looks low considering your job ranking. You might think that getting higher pay would require jumping ship to another company, but that isn’t always true.

If the poor pay of your job is hampering your appreciation of it, here are some tips and tricks which you can use to encourage your current employer to bump up your monetary takings.

Thoroughly research average salaries

Before approaching your boss with a specific figure for the type of salary you would like, it can be worth conducting objective research into what pay would usually be expected for a worker like you.

To that end, you should look up not only the average pay for your position but also the average salary at your firm and the corresponding pay in your area. You can later cite this information in justification of your salary request.

Don’t consider yourself indispensible

If you get on very well with your manager, this could imbue you with the confidence to openly ask for a salary rise. Nonetheless, you should resist overly testing this healthy relationship – especially if your research has suggested that you would struggle to justify too large a salary increase anyway.

Therefore, you shouldn’t threaten to resign if your boss is reluctant to match your salary expectations. Besides, many factors besides money can feed into job satisfaction.

Explain the rationale behind your request

Let’s assume that, like one woman who has written to The Telegraph, your job is enjoyable, but you deem it underpaid. Like that woman, you might have received an offer to join a rival company for a much higher salary. You could break this news to your manager over an informal coffee.

This is one example of how you can help to clarify why you want a pay rise. In any case, mention all of your objective research into average salaries, Inc. advises.

Lack industry experience? Highlight your knowledge instead

You could struggle to convincingly argue for a salary hike if you lack years of experience in your industry, perhaps because this is your first full-time job after leaving college or university. However, Fast Company suggests that, in this situation, you could vouch for your industry knowledge instead.

This can involve you “speaking” the industry and about its recent trends. This can also benefit you when negotiating pay for a new job in sales or another sector.

Slow and steady might win this race

When attempting to negotiate a higher salary, you wouldn’t want your true worth to the company to come under doubt. For this reason, you should maximise your effort in the job and find ways of continuing to raise your profile. This could all work well as the firm’s regular pay review comes.

This is when you should repeat your argument for a pay increase and again bring up the supporting evidence. It’s a matter of being patient but persistent.




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