Wondering how to get a raise at work? This article will show you the actionable steps you need to take to get a raise you deserve.
We live in a society of fear. Fear traps us in many unhelpful, unhealthy patterns, including staying in jobs that don’t pay enough. Everyone who has achieved great wealth and success in our society had to face their fears and at some point overcome them.
In fact, 41% would end a relationship if it meant a meaningful or life changing promotion – shocking, right?
Whether you’re trying to become the next Bill Gates or just need a little extra cash on a luxury vacation, here are four not-so-simple, but hugely rewarding, steps you can take towards your financial dreams.
How to get a raise at work
If you want to get a raise, you have to take some brave steps to get what you want. Here are the steps you need to take:
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1. Ask your co-workers how much they earn
Ask your co-workers how much they earn. Talking about what we do is taboo in our society, but it gives employers all the leverage when we don’t know what our employees are making.
So ask her.
The fear here is that your co-workers will say no. So what? Even if they judge you and think you are strange and inappropriate, who cares?
There is no way you can know if you’re getting paid for what you’re worth if you don’t know what others in your field are making. Sure, you can do blind research on sites like Glassdoor and Payscale, but nothing will start a fire below you than to learn that Ned, who is sitting right next to you in the cabin and works half as hard as you, is $ 5,000 more deserves than you.
If you do this strategically, you will likely get positive results. Pick five to six people you know who hold positions similar to you, whether they work for the same company or a different company. Take her over for lunch or coffee and ask in person as it’s much easier to dodge email and text messages than face to face.
And explain why you are asking. Say something like, “I’m in the job market / I’m doing research to apply for a raise / I’m applying for a promotion and interviewing several coworkers who have jobs like ours so I can make a realistic calculation of the salary range if I get mine.” Negotiate salary.
I would be very happy if you could tell me your salary, as you are in a similar position to me and I really respect you as a professional in this industry. “
If they say no, tell them you understand and that they should change their mind in order to come back. If they say yes, thank them deeply and then get back to them to let them know the result.
Especially if you get a positive result, you will likely be glad that disclosing your salary helped a colleague move forward in his or her career.
Is it getting uncomfortable? Absolutely. But do you know which is more uncomfortable? Wasting your life on a job where you are being devalued because you are too scared of figuring out what you could or should make.
Related: Employee Trends You Should Know As We Approach 2022
2. Ask your employer whether they disclose employee salaries company-wide
Ask your employer whether they disclose employee salaries company-wide. Why not? Sure, it will ruffle some feathers. But here, too, the following applies: The more taciturn employers and employees are about what everyone earns in the company, the more power and influence employers have over their employees.
So shake things up. Go to HR and tell them you’ve heard of many innovative companies disclosing their employees’ salaries and ask if the company will post salaries. The fear here is retribution.
Employers want to maintain their power and control and prevent employees from learning what those sitting right next to them are doing – again, learning that lazy Ned is doing more than will undoubtedly inspire you to request a raise or quit They – so it is in their best interest to silence you and make you go.
However, since 1935 it has been forbidden for private employers to prevent their employees from discussing salaries. So you haven’t broken the law by simply asking HR for wage data, and in fact, if your company takes revenge, you could potentially bring a lawsuit against the employer.
Yes, it’s awkward and scary, but the more we start taking these bold steps and having those awkward conversations, the more we are taking our employers back our power and forcing them to be more transparent about what they are paying their employees and how they make these decisions.
Related: 33 part-time weekend jobs near me for extra income
3. Ask about a raise
Ask about a raise. Once you’ve done your homework and find that you are underpaid, develop a strategy for asking for more salary. Use the information gathered to defend your position. Make a list of the contributions you’ve made in your role, especially those that translate directly into company profits or growth.
Be careful and anticipate all sorts of arguments your employer might bring against a raise in order to prepare you for it. Ask your manager or the person who sets your salary to arrange a meeting specifically devoted to this topic, ideally at a time when the work is not too hectic.
Reaching out to a supervisor during a time when they are already stressed out will be less likely to get you a positive response.
Make sure you are fully prepared for the meeting. Dress the part. Just before the meeting starts, do a power pose. Show up with a thousand other things you want (specialist training, more paid vacation, funding to attend a work-related event or conference, better social benefits … you got the idea) to ask them when they fail on the salary question give in.
The fear here is that they will say no. But is it really that scary? If they say no after you’ve presented them with evidence proving your worth to the company and they’re not ready to give you a raise or otherwise contribute to your career growth, it sends out a pretty loud message that yours Career development is not a priority for the company and it may be time to find a company that values you and your career development.
Related: 10 Highly Paying Jobs That Don’t Require a Degree
4. Ask yourself if you really want more money from your job right now
Ask yourself if you really expect more money from your job right now. So often we attach so much importance to the salary when looking for a job that we do not recognize or acknowledge how extremely valuable many other job benefits are, such as shorter commutes, flexible working hours, more paid vacation and teleworking.
So, if you’re happy with your current salary but haven’t received a raise in a while, or you’ve done research and have already reached or exceeded the salary cap for your position, try negotiating for more free time or special education, or another Benefit that is of value to you but does not cost your business as much as a raise.
The labor market was hit hard in the 2008 recession when the unemployment rate rose to 10%. With employees rushing for jobs, employers definitely got the upper hand at the time, and they have held it ever since. However, the unemployment rate has been falling steadily since around 2010 and last month fell to its lowest level since December 2000.
We are now in a job seeker market and the time has come for employees to regain their power. These four steps will give you a big boost in the right direction so that you can make more money.
More tips to help your career
No longer do you have to wonder how to get a raise at work. Have you ever used any of the actionable steps listed above to get a raise? Leave a comment below.
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