GMB: Gary Neville and Edwina Currie clash over employment
We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info
An estimated 45 percent of workers quit because of poor salary according to a Glassdoor survey, yet only 37 percent of workers ask for a raise outright. Many avoid asking to avoid seeming rude or entitled whilst others simply don’t know they are entitled to it, but knowing these 14 stats can help any employee determine what raise they deserve in 2022.
Asking for a raise is one of the most dreaded moments in the workplace, but knowing full-heartedly that they truly deserve it can help make the process a little easier for employees.
While many hype themselves up for asking the question correctly, many forget about the next step if they are approved: negotiation.
Understanding what one’s value is in the general job market is a great indicator of not just whether they should get a raise but what exactly that increase should be in monetary terms.
Each employee is unique, and ultimately a raise should be used to indicate extraordinary value that they provide to the business, so evaluating the cost of that value will differ person to person.
Here are nine things people should know when going to ask for their raise.
One of the easiest indicators of whether one deserves a raise is checking what the average pay rate is for the area, position and hours they work. This can also be a crucial part of their argument for how much of a raise they should get.
Taking on additional responsibilities
In the wake of the pandemic and furlough, many find their job duties extending beyond what they originally were hired for.
Providing their original job specification and duties in comparison to their current workload can help persuade any manager or business owner that their employees deserve a raise.
It can also compound how much one would get from their raise if they’ve taken on extravagant duties beyond their role, adding substantial value to the business.
Choose the place wisely and prepare
It’s no good gathering evidence and compiling a brilliant argument if one is going to shout out their raise request in the middle of a crowded office.
A private meeting such as a performance review is an ideal time to ask for a raise especially if their review is complimentary.
One should ensure they have prepared their argument soundly, providing physical evidence such as logbooks or statistics if necessary.
The company is succeeding
If a company has seen increased success, profits or performance and one believes they were directly involved in contributing to that it may be the best time to ask for a raise.
Most importantly, a company that is growing is one that can afford to give an employee a raise so it’s vital to keep their financial standing in mind as well when deciding on a figure.
Translate duties to profit
It’s great to go to one’s boss and show all of the extra duties and hard work they do, but go an extra step by showing how it has all translated into profit or success for the business.
For individuals in departments such as sales this can be quite easy, however other roles that aren’t always connected directly to customer service or production may have to dig deeper to find this connection.
Doing this can also show one where they may be a gap between their role and providing value for the company, in which case filling these duties can often result in a raise further down the line.
Don’t be afraid of self-recognition
Negative or production-focused work environments often try to bury one’s successes in order to focus on the business alone, so asking for a raise may seem completely out of the question.
However, there is nothing wrong with sharing one’s accomplishments proudly and doing so can showcase the value they are contributing to the business.
Completing a work plan or large project
For companies that are project-focused, many can benefit from asking for a raise when they complete these large tasks.
Checking market rate for completing these big projects can also indicate how much one should expect from their raise.
Business-critical role or skill
In many businesses, employers often don’t realise that one or two vital positions would see the company collapse if those specific employees quit.
If one realises they are working one of these vital roles or that they are skilled in a business-critical area they can likely receive a raise just to stop them from quitting.
However, one should be wary of asking for too much as the employer may view it as the position will be too expensive to keep and find a way to make the employee redundant by implementing new policies or procedures.
Majority of employees have a set quota or target they should reach monthly, weekly or even daily.
Regardless of what the targets are or how they are set, exceeding these expectations consistently is the perfect reason for requesting a raise.
Source: Read Full Article