Written by: Carol Iles
Are you being overworked and underpaid?
Stuck in a ruck and feel as though your hard work isn’t being recognised, let alone rewarded?
Do you feel your loyalty is being taken advantage of by your employer?
Perhaps your salary isn’t inline with inflation and all you want is to be able to afford the necessities.
Are you afraid that by asking for a pay rise you will rock the boat?
These are all common thoughts and feeling surrounding our salaries. Not all companies will happily dish out pay rises when deserved, for some it will be a bit more difficult. But don’t let that stop you getting what you deserve.
I find a lot of advice surrounding ‘how to get a pay rise’ is focus on those bag whacking salaries like £100,000 plus. But that’s just not relative to most people, most of us are on a normal wage or salary and just want a small increase to help with living costs. I’ve tried to write this article with broad range of salaries in mind so everyone can relate and hopefully help you get that payrise you deserve.
Different companies have different tactics when it comes to pay increase. Some will have a more incentivised approach if you’re in sales or work within a heavily profit driven company. An annual pay rise may very well be on the cards, depending on performance of course. But even then you may have to fight for your pay rise.
Another tactic for a company maybe to squeeze as much as possible from their employees and offering as little in return as possible. This may help with the company’s profitability in the short term. But with detrimental long term effects, such as an unhappy workforce, usually leading to a lower level of productivity and a high employee turnover, this can ultimately cost companies a lot of money, since it takes time to replace and train new employees.
How to ask for a pay rise
Legally, there is nothing to say that an employer has to give you a cost of living pay rise each year, though you’ll find that most do. As the general standard of living goes up, generally you will find the products and services you company is offering will also. That does tend to trickle down into employees salaries and wages.
However, an employer must pay you the national minimum wage and this does increase on a yearly basis.
If your salary works out to be higher than the minimum wage then you will have to take action yourself to secure that pay rise. It may just be a case of ‘don’t ask, don’t get’.