Influencers from Around the World – How to Ask for a Pay Raise
This week you’ll learn how to persuasively ask
for a pay raise. The advice comes to us to from Italy’s Marco Germani. Marco
has written guest posts regularly for Influence PEOPLE since I started this
series nearly four years ago. I know you’ll enjoy his perspective on influence.
To learn more about Marco, connect with him on Facebook, LinkedIn or Twitter.
for a pay raise. The advice comes to us to from Italy’s Marco Germani. Marco
has written guest posts regularly for Influence PEOPLE since I started this
series nearly four years ago. I know you’ll enjoy his perspective on influence.
To learn more about Marco, connect with him on Facebook, LinkedIn or Twitter.
Brian Ahearn, CMCT®
Chief Influence Officer
influencePEOPLE
Helping You Learn to Hear “Yes”.
How to Ask for a Pay
Raise
Raise
I
recently read an article on the labor market in the U.S stating; according to a
study, about 95% of employees never ask their company for a rise, during their
entire professional career. One of the obvious considerations of this finding
is that the remaining 5% of employees earn on average much higher figures than
others! “Ask and you shall receive,” says a well-known passage from the Bible,
but in the field of labor, people often don’t ask because often they don’t know
HOW and WHEN to ask. Lacking adequate preparation, they fear a refusal could at
least complicate, if not compromise seriously, their future stay with the
company.
recently read an article on the labor market in the U.S stating; according to a
study, about 95% of employees never ask their company for a rise, during their
entire professional career. One of the obvious considerations of this finding
is that the remaining 5% of employees earn on average much higher figures than
others! “Ask and you shall receive,” says a well-known passage from the Bible,
but in the field of labor, people often don’t ask because often they don’t know
HOW and WHEN to ask. Lacking adequate preparation, they fear a refusal could at
least complicate, if not compromise seriously, their future stay with the
company.
What
follows summarizes the advice of many experts in personal development,
including Brian Tracy, Zig Ziglar, and Jay Abraham. In my opinion it’s the most
relevant information related to the request for a salary increase.
follows summarizes the advice of many experts in personal development,
including Brian Tracy, Zig Ziglar, and Jay Abraham. In my opinion it’s the most
relevant information related to the request for a salary increase.
Who can apply
In the
current economic situation, those who have a more or less stable job in a
company consider themselves already lucky and often see no reason why they
should take the risk of asking their supervisors for a pay rise. This mentality
is unfortunately very common today among employees, who prefer to complain
about the boss, colleagues or their job at the coffee machine rather than
focusing on how they can create more value for the company through a greater
commitment in what they are doing. These people obviously have an attitude and
probably a performance that doesn’t justify a request for an increase.
current economic situation, those who have a more or less stable job in a
company consider themselves already lucky and often see no reason why they
should take the risk of asking their supervisors for a pay rise. This mentality
is unfortunately very common today among employees, who prefer to complain
about the boss, colleagues or their job at the coffee machine rather than
focusing on how they can create more value for the company through a greater
commitment in what they are doing. These people obviously have an attitude and
probably a performance that doesn’t justify a request for an increase.
On the
other hand, those who are constantly focused on performing effectively and
efficiently the tasks they’ve been assigned — those who constantly look for
more responsibilities and are willing to learn new things — should periodically
assess whether the wage they’re currently paid is in line with their true
market value. If not, they should decide to ask for a pay raise. Many people
live in hope that their supervisors, seeing their hard work and great results, will
decide to increase their compensation in the right time. This seldom happens
and asking for a pay raise can be a very appropriate action.
other hand, those who are constantly focused on performing effectively and
efficiently the tasks they’ve been assigned — those who constantly look for
more responsibilities and are willing to learn new things — should periodically
assess whether the wage they’re currently paid is in line with their true
market value. If not, they should decide to ask for a pay raise. Many people
live in hope that their supervisors, seeing their hard work and great results, will
decide to increase their compensation in the right time. This seldom happens
and asking for a pay raise can be a very appropriate action.
When to ask
The
timing, in the request for a salary increase is crucial and can determine in
large part the success of the operation. The best strategy is undoubtedly to
make an appointment with your superior (it’s important that you speak directly
with the person who can make this decision, when possible) and simply tell him
you want to make a point of the overall situation on your work, without going
into too much detail. A half hour should be sufficient. When hearing this
uncommon request, your supervisor, especially if you are a “top performer” in
your company (if you’re not it may not be appropriate to take this appointment
in the first place), would probably worry about the fact that you might want to
resign, which will give you some negotiating power in the first place.
timing, in the request for a salary increase is crucial and can determine in
large part the success of the operation. The best strategy is undoubtedly to
make an appointment with your superior (it’s important that you speak directly
with the person who can make this decision, when possible) and simply tell him
you want to make a point of the overall situation on your work, without going
into too much detail. A half hour should be sufficient. When hearing this
uncommon request, your supervisor, especially if you are a “top performer” in
your company (if you’re not it may not be appropriate to take this appointment
in the first place), would probably worry about the fact that you might want to
resign, which will give you some negotiating power in the first place.
The preparation of the meeting
Preparation
is everything and especially if, as in this case, most likely your manager will
not invest the time to prepare, can give you a big advantage in the
negotiation. In your case, preparation consists in collecting as much objective
data as possible, relating to the results that you have produced for your
company during the past 12 months or since your last salary increase. Ideally,
you should sum up the most important points in a short document in Word or
PowerPoint where, highlighting the concrete results that you generated with
your work.
is everything and especially if, as in this case, most likely your manager will
not invest the time to prepare, can give you a big advantage in the
negotiation. In your case, preparation consists in collecting as much objective
data as possible, relating to the results that you have produced for your
company during the past 12 months or since your last salary increase. Ideally,
you should sum up the most important points in a short document in Word or
PowerPoint where, highlighting the concrete results that you generated with
your work.
The
second field on which you must prepare are the average salaries offered by the
market for positions similar to the one your cover. The important thing is to
provide objective information, citing sources (just search on the internet and
there are many sites that offer this type of information).
second field on which you must prepare are the average salaries offered by the
market for positions similar to the one your cover. The important thing is to
provide objective information, citing sources (just search on the internet and
there are many sites that offer this type of information).
The meeting
It’s important
to enter the meeting with a relaxed and confident attitude: you are well
prepared and you are carrying a high value for your company, then you’re in a
position of power. Many find it difficult to ask and this makes them nervous
but this should not be your case! Start saying you want to make a point of the
situation regarding your work and that you’ve prepared a document that
summarizes your results.
to enter the meeting with a relaxed and confident attitude: you are well
prepared and you are carrying a high value for your company, then you’re in a
position of power. Many find it difficult to ask and this makes them nervous
but this should not be your case! Start saying you want to make a point of the
situation regarding your work and that you’ve prepared a document that
summarizes your results.
Then
discuss it with your boss and ask him what, in his or her opinion you could or
should do better. Now, since your boss
probably will not be prepared, unless there is something serious and
obvious, it is likely he will be unable to say anything particularly
significant, which does nothing but increase your negotiating power in view of
the request.
discuss it with your boss and ask him what, in his or her opinion you could or
should do better. Now, since your boss
probably will not be prepared, unless there is something serious and
obvious, it is likely he will be unable to say anything particularly
significant, which does nothing but increase your negotiating power in view of
the request.
You may
proceed citing an authoritative source (website, a head hunter, etc.) about the
average level of salary for your position that is higher than what you’re receiving
and finally make your request, precise, clear, expressed in percentage of your
gross annual wage. “I think it would be appropriate to revise my salary
increasing it by 15% because…” At this point it is essential to remain silent
and wait for the reaction of the boss, which will be positive or negative.
proceed citing an authoritative source (website, a head hunter, etc.) about the
average level of salary for your position that is higher than what you’re receiving
and finally make your request, precise, clear, expressed in percentage of your
gross annual wage. “I think it would be appropriate to revise my salary
increasing it by 15% because…” At this point it is essential to remain silent
and wait for the reaction of the boss, which will be positive or negative.
The follow-up
In case
of positive response it’s important you define the terms and exact timing with
which the increase will be allocated. Starting from which paycheck? Will there be
an official announcement? Over what time period? If your boss tells you she
feels your compensation should be increased but, for X reasons, she cannot
change your salary at the moment, then work together to find a formula that
leads to the same result: a prize, bonus, etc. The important thing is there is
something of substance.
of positive response it’s important you define the terms and exact timing with
which the increase will be allocated. Starting from which paycheck? Will there be
an official announcement? Over what time period? If your boss tells you she
feels your compensation should be increased but, for X reasons, she cannot
change your salary at the moment, then work together to find a formula that
leads to the same result: a prize, bonus, etc. The important thing is there is
something of substance.
If your
boss tells you that he does not consider it appropriate that you receive a
salary increase, ask for detailed reasons, trying to get him to focus on your
performance. Very often motivation is given along these lines, “Your colleague
Tom earns the same salary and increasing your salary could cause a problem.” Of
course an explanation like this makes no sense at all and has nothing to do
with your performance. However, if your boss is really insistent about not giving
you the salary increase right there, sk the following question, “What needs to
happen to allow me an increase of 15%?” At this point your boss is forced to
define an objective condition, the achievement of which, automatically gets the
increase.
boss tells you that he does not consider it appropriate that you receive a
salary increase, ask for detailed reasons, trying to get him to focus on your
performance. Very often motivation is given along these lines, “Your colleague
Tom earns the same salary and increasing your salary could cause a problem.” Of
course an explanation like this makes no sense at all and has nothing to do
with your performance. However, if your boss is really insistent about not giving
you the salary increase right there, sk the following question, “What needs to
happen to allow me an increase of 15%?” At this point your boss is forced to
define an objective condition, the achievement of which, automatically gets the
increase.
You just
have to try. Remember, if you don’t ask you won’t get anything. However, even a
“No” might just be a “Not yet.” If you think you are not in the position to
ask, get more engaged in your work and focused on producing greater results,
until you are in the position to ask for a pay rise.
have to try. Remember, if you don’t ask you won’t get anything. However, even a
“No” might just be a “Not yet.” If you think you are not in the position to
ask, get more engaged in your work and focused on producing greater results,
until you are in the position to ask for a pay rise.
** To vote for Robert Cialdini, President of Influence At Work, for the Top Management Thinker of 2013 click here.
Marco
Leave a Reply
Want to join the discussion?Feel free to contribute!