When you work hard, surpass all expectations, and over deliver on everything you do, it’s important to receive a raise. There are labor shortages in many fields, especially hospitality and leisure. That being said, there’s also staff working really hard and delivering great results. The truth is that if you have a lot of experience, it’s important to be respected and appreciated for the hard work that you do.
There is a high inflation rate in many cases, but despite that companies still offer a raise to people that deserve it. The thing to keep in mind is that asking for a raise can bring in quite the scare. But the truth is that you want to adapt as much as you can and focus on success. Doing that properly can make a huge difference in the long run. Kiwiwell brought you some tips and tricks to help you access that raise and actually get it.
Initiate some salary discussions
When you feel that you have more responsibilities or you are overworked, then you need to be paid extra. It’s important to know why you need to get paid more, as it will help justify the raise to begin with. If you enter a salary discussion and you ask for a salary raise while also understanding the job market and coming up with valid reasons why you deserve a raise, you will most likely get it.
However, you need to justify the raise. And you also want to do this at the right time. Ask for a raise when the company is on an upward trend, not when it has financial problems. Also, you can’t ask for a raise when you just got a bad performance review.
Always try to make a great case
You want to see how much a person gets paid on average for this position within your city. You can use Glassdoor or LinkedIn to see the average salary, this will give you a good starting point. During the negotiation process, you also want to bring up any expertise or knowledge that you might have in this field. If you have awards or special recognitions, those can make a huge difference and can be a great selling point towards getting a higher income.
The main idea is to come up with reasons why the raise is justified and why you deserve it. You don’t want to talk about personal expenses or stuff like that. You want to show your accomplishments and what you did for the company. Showcasing relevant results that are backed up with data will always come in handy.
You want to show that based on your work, the results you offered, and the market average, you will need this. Don’t wait for the yearly review time for this, you want to ensure that you beat the iron when it’s hot. Set the meeting, bring previous accomplishments with you, and show the value you bring to the team. You can also show what the team would lose if you were not there.
Create a backup plan
Sometimes the request will work very well right from the start. But other times you might encounter a negative answer. It’s important to have a backup plan, maybe you can ask for a flexible schedule or maybe the employer can fund a certification or something that will help you eventually get a raise. Any other benefits like senior or child care benefits, family leave, loan repayment, remote work can also come in handy. Create a list with benefits that would help you a lot and try to ask for them, if the initial requirement gets denied.
Of course, you also want to talk with the supervisor and see what needs to be done so you can get a raise. This will give you a list of goals to set for yourself as you bring those ideas to fruition. It will help immensely, and it will bring in a much better outcome in the long run.
In case you are not satisfied, you can also go and research the market to see if other companies will value you more. Who knows, it might be possible to get paid more by another company, so you always want to keep an eye on the job market as well!