- Understand your current worth to the company. A good company knows how much you’re contributing to the company’s profit at the end of the year. It’s equally important that you understand how much your role contributes to the company bottom line as well.
- Check around your industry and find out how much other similar companies pay for similar work.
- Figure out whether you’re under paid currently for your role.
- If you’re under paid and you’d love a change how about you look around at your options. One way to change your pay is to change companies. Register yourself with a personnel company and get interviewing. Or you could apply for a role one rung higher on the corporate ladder than you currently have. Go on growth is good!
- If you’re keen to stay in your current job then commit to mastering it. Start by mapping out the flow of the work and all the tasks that need to be done by you or in conjunction with someone else. Use this overview to look for bottle necks that you can remove and improve your performance.
- Focus your time only on the work that gives you and your company it’s biggest returns.
- Now that you’re more effective and can get more done than you previously did put up your hand for more work.
- Track your results so you have a before and after picture for your boss when you’re negotiating a pay increase.
- Understand your bosses role and what they get measured on to look good. When you understand what you can do to improve your performance and what your boss needs to also look good you’re going to be noticed for advancement or have a strong argument for better pay.
- Decide to get better at sales. Pretty much every role in an organisation depends on communication and the better you get at communicating and influencing others the more you can help your company and your own cause. And it’s going to come in handy when you ask for a pay rise as well.
