How to get a pay rise: The four things you need to know
We all need a pay rise. However, if you’re anything like most Australians, they don’t come around nearly as often as they should. And when they do, they don’t tend to keep up with the rising cost of living.
It doesn’t have to be this way.
There is a lot that you can do to maximise your chances of getting that elusive pay rise. Here’s what you need to know.
If you’re asking for a pay rise, you will need to make the case. This means doing your research.
Understanding benchmark wages for your profession can be difficult, and it is made all the more difficult when you take into account job titles, responsibility levels, and years of experience.
Professionals Australia’s series of remuneration reports are an excellent place to start. They provide the most comprehensive picture of wages across the professions, and will help you make the case.
Its one thing to make your case, but your boss will be making their case too. You need to make sure your argument will hold up to scrutiny. The best way to do this is to be specific.
Do you feel you are underpaid for your level of experience? Or underpaid for your job title? Or are you underpaid relative to other people out there that perfectly match your job characteristics?
Whichever it is, you’ll need proof.
The fastest way to achieve this is with Professionals Australia’s interactive salary calculators. Just plug in your details and get a tailored picture of what you should be paid.
Join your union
This one might seem pretty obvious, but it works. And over time, the difference can be significant.
Management typically have all the power in negotiations if everyone negotiates alone. If you leave, they can always replace you…right?
What if everyone negotiated together?
Joining your union can be a realistic way to help your boss understand the value that you bring to the organisation. It can also help in dealing with some of your other issues at work, like conditions and hours.
Get a promotion
Climbing the ladder can make a big difference to your take home pay. However, you’ll need to stand out to get the job.
Doing your job well is the first step, but you won’t go far unless you can sell yourself and standing out.
Professionals Australia members have access to one-on-one career coaching sessions, resume reviews, job interview training and applications preparation help. You also have access to a series of guides to help your resume land on the top of the pile.