HR Expert: How To Negotiate A Pay Rise, by Making Money Podcast on YouTube. 59 min 25 s.
- Video length
- 59 min 25 s
- Time to do it
- 30 minutes for the meeting, pl
- Difficulty
- Medium
- Steps
- 9
What you need
Steps
Pick a target date at least six months away. Check when your company sets budgets and runs pay reviews, so you ask before the money is allocated.
Start a running file of your wins. Add revenue brought in, costs saved, projects shipped and problems you fixed, with numbers wherever you can.
Ask your manager what the next level looks like and which skills you need to show. Get the target in writing so you both work from the same list.
Do not lead with your rent, your commute or the cost of living. Personal bills are not a business case, and they put your manager in an awkward spot.
Book a separate 30 minute meeting with your manager. Say in the invite that you want to talk about your pay and your progress.
Open with a two minute summary of your results. Then state the figure you want, back it with market data, and give a range with a floor you would accept.
Stay quiet and listen. Ask what would need to be true for a yes, and agree a date to talk again.
If the answer is no, ask for other things: a training budget, a title change, flexible hours or a written review in three months.
Send a short email after the meeting. List what was agreed, who does what, and the next date, so you have a record.
Tips and common mistakes
Never say you will quit unless you mean it and have another offer in hand.
Update your wins file every month so you are not scrambling for examples at review time.
Research the salary range for the role in your area, then ask within it rather than picking a number from nowhere.
Keep talking about progress in your regular one to ones, not only when you want more money.
Questions
When is the best time to ask for a pay rise?
Ask before your company sets next year's budget, and just after a clear win you can point to. Avoid the week a big project goes wrong.
How much should I ask for?
Find the market range for your role, your level and your city. Ask near the top of that range if your results support it, and know the lowest figure you will accept.
What if my manager says there is no budget?
Ask for a written commitment with a review date, or for non-pay items like training, a title change or extra holiday. Get it in an email.
This guide was drafted from the video's details and general task knowledge. It has not been checked against the full video. Check the video and relevant product instructions before following a procedure. Report a correction.
