We have been having conversations with various employers lately around establishing employees’ value within a business. A lot of these conversations brought up the idea of employee’s asking for a pay rise and how to go about these discussions. We chatted about the generations of today and their expectations when it comes to salary and the value they contribute within the workplace.
We speak a lot about general personal and cultural values, but don’t often touch on the idea of actual value add that employee’s provide to a workplace. It is important to regularly ask yourself the question around how you contribute to overall business performance – this may involve hitting targets / budgets, reaching KPI’s and increasing overall revenue.
Often, if we think we are worth more money, the conversation around asking for a pay rise is a tricky one, but it really shouldn’t have to be. If you can prove your value and show your worth and why you deserve a pay rise, you should go into that conversation confident and back yourself. Though we need to quantify the reasonings for why we deserve a pay rise, or asking the question around what we can be doing to be worthy of that increase…
“I really want to buy a house, or start saving for a house, and to be able to do that, I would like to be on X amount of money. I have set myself some targets and KPI’s that I will use as a benchmark to show that I am worthy of that pay increase.”
“I really want to buy a house, or start saving for a house, and to be able to do that, I would like to be on X amount of money. What do I need to do to quantify a pay increase of that amount?”
It is quite often expected that an increase in salary is in order when you move jobs. However, this shouldn’t be the sole reason for leaving a role, particularly if it is a role that you genuinely enjoy! These conversations are usually daunting ones, but be confident in the value you are adding to your workplace, back yourself and be prepared to prove to your Manager how you can contribute to business performance and add value overall.