How To Get A Pay Rise In 2020

Are you looking for a pay rise in the new year? If you believe you’re working above your pay grade and are consistently producing good results, then why not ask for one? 

New data from job search engine, Adzuna, shows the start of 2019 saw average advertised salaries reach almost £35k – the highest level recorded all year.

With this in mind, there’s no better time to take charge of your career and ask your employer for a pay rise than the start of a new year. If you’re unsure of how to approach the situation, experts at Adzuna share four steps to take in order to maximise your chances of securing a better pay packet: 

  • Evaluate your performance

A good starting point is to evaluate your performance against your main roles and responsibilities. Are there any areas you have excelled in that you can really shout about? 

You should be prepared to share specific examples of your work and how they have positively benefited the business. Take time to profit on your talents and demonstrate where you have had success and gone above and beyond your job role to show your boss all of the reasons you’re deserving of a pay rise. Try using Value My CV to get an instant salary estimate based on your skills and the market average, which can give you leverage when approaching salary negotiations.  

  • Make yourself stand out

There are always ways you can increase your ‘value’ in any organisation. Seize the opportunity to take up any onsite training that may be available, or take on new projects to build your experience. Doing so will look positive in the eyes of your employer and help expand your skill set to stand out from the crowd.

Increasingly, employers are looking for their staff to have good ‘soft skills’, such as communication, problem-solving and negotiation. In fact, recent data from Adzuna shows 24% of job specifications ask for communication skills, but only 17% of Brits list this skill on their CV. So, it’s a good idea to emphasise your proficiency in these areas when asking your employer to increase your wage.

  • Timing is everything 

Many organisations will have performance reviews for employees and while this may seem like the perfect window of opportunity to ask for a pay rise, don’t limit yourself to this time frame. If you believe you go above and beyond your job role, and you can make your case effectively, then take the leap at the start of the year and proactively approach your manager.

  • Be prepared for a “no”

You should always prepare yourself for a “no”. There are lots of reasons why businesses cannot give pay rises; sometimes they don’t have the funds to approve pay rises, or it may be unfair to other employees. If this is the case, then try to avoid feeling disheartened. Instead, take the opportunity to gather valuable feedback on your performance from your employer and don’t be afraid to ask when a pay rise may be feasible. 

Whilst you have the time with your manager, it may also be worth looking into other benefits your company may offer beyond monetary rewards if a pay rise isn’t possible right now. Review perks such as health schemes you could benefit from, or negotiate flexible working hours. Being able to approach your boss with an open mind demonstrates that you are willing to work with the company, to find a happy medium where both parties are happy.

Doug Monro, Co-Founder of Adzuna, comments, “With a new decade on the horizon and a new year beginning, now is the perfect time to assess your current role and ask for a pay rise.”

“While it can be nerve-wracking to pluck up the courage to approach your manager, if you can show the tangible impact you’ve had on the company and demonstrate your skills, you will be in the best position to have your request considered. If you’re unsure whether you are deserving of a pay rise, follow the steps we’ve outlined and use the Value My CV tool to evaluate your strengths. Also, make sure you keep clear communication channels with your manager and ensure you are always developing your skill set.” 

For more information, please visit: https://www.adzuna.co.uk/blog/how-to-ask-for-a-pay-rise-and-succeed/

Author: Editorial Team

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