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Welcome to
the Negotiate A Pay Rise section of Accountancy Jobs Board the specialist place where you can search to
find your ideal job in accountancy.
How To Negotiate A Pay Rise!
Time
For A Payrise?
It’s true to say that often if you
have been in a job for any length of time chances are
you may well be lagging behind recently recruited
colleagues who have been moving from job to job. This
is often because those that have stayed with a company
for a number of years may generally only receive
increases in line with inflation each year and may find
them selves quickly outside of the market rate. It’s not
untypical to find a new recruit doing a similar position
to you and earning as much as 20% more in wages!
So
what are you going to do about it?
Well you generally have just three
options available, stay where you are and do nothing,
move on to another company that may give you what you
want, or stand up and ask for what you want. On the face
of it this appears to be very straight forward but you
should consider fully the impact of your possible
actions.
If you stay and do nothing
obviously nothing is likely to change however you may be
learning more in the job and gaining in other ways other
than just financially. If you move to another company it
may not be as good as the one you left however,
sometimes when you feel ready to move on you should go
and not look back.
Our web site offers many
alternative positions in other companies and this may be
something to consider. You can also quickly establish in
a number of cases what a competitor’s salary package
might be and how this compares to yours.
Should you decide that you want to
ask for pay rise the following hints may be of benefit
to you:-
-
Research The Competition –
check out local recruitment consultants and find out
whether they have any positions in similar roles to
yours and see what level of salaries they are
offering. Purchase the Thursday local paper or trade
magazines and look through their recruitment pages
to see if there are any jobs advertised similar to
yours. Surf the internet and see what type of jobs
are levels of salaries are being advertised by other
career websites.
-
Decide Why You Should Have A
Pay rise – it’s no good going to the boss and just
saying you want a rise, you have to give some
justification as to why he should pay you more.
Think about how much unpaid overtime you have done
over the last few months, extra work that you have
done which isn’t really within your role, how good
you are at your job and the benefit the commitment
you bring to it gives the company.
When you decide that you are armed
with the right ammunition then these are a few hints
that might help you:
-
Timing is crucial – ask for
your rise when you are doing your job to the very
best of your ability, it may be that you have just
finished a big project and been praised for it by
your boss or your team have exceeded their monthly
sales figures. Ask when the company is thriving, if
the car park has just seen a fleet of new Jaguars
arrive in the directors parking spaces then chances
are your boss will struggle to tell you that you
can’t have a rise because business isn’t going well.
Ask for a realistic increase, it’s no good going to
your boss and asking him to double your wages it’s
just not going to happen no matter how good you
are! Don’t threaten, be rude, be fobbed off, or be
unprofessional – it may well be that you will have
to stay in your position until you find something
else and you want to make that as comfortable as
possible. If your boss says no to your request then
don not be hasty – sit back and have a long hard
think about your position. If you do consider
leaving is this purely financial, do you like the
people you work with and the job you do. At the end
of the day it is more important to enjoy the job you
do and the people you work with than be in a job
where you earn twice as much money and hate every
minute of the day, take your time and assess your
situation.
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