Its all about the money. Getting that pay rise

money money moneyLast week we began looking at how to weigh up your options regarding staying and progressing at your firm or making a move to further your career.

Let’s start with the financial factor of feeling or being actually underpaid for the job that you do. First thing to do is to do some research on what your peers get paid online and yes interviewing is a way to do this as well as conversations with trusted peers. Secondly, before leaving, there are ways to explore pay and compensation changes with your boss and your HR team without threatening to leave and never present an ultimatum and especially if you don’t actually have a new job to go to. Do Not Bluff unless you are independently wealthy and can afford some time off.

Go to your boss and say that you would like to take him or her to lunch to chat about the past year. If you did a great job, present your case and ask for a higher base and/or a higher bonus or commission structure. Sometimes base salaries are harder to play with than commissions but ultimately if you are truly under market values ( as women often come in lower than men on base salary) there is a real case to give you the bump that aligns you with peers. If it is just about the money, and you are otherwise pretty happy, then why jump ship to an unknown workplace culture and structure? This conversation is worth having and then you can decide what to do!

By Nicki Gilmour, Executive Coach and Organizational Psychologist
Contact if you would like to hire an executive coach to help you navigate the path to optimal personal success at work