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How do ask the boss for more money?


TomB

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I phoned a work agency today for a chat & the chap reckoned I am earning £2-3k than I should be based on my experience & the industry I'm in. So how do I approach this with the boss?

 

I generally like my job & the people I work with, but that wont help me save money to get me on the property ladder.

 

Your thoughts wisely sheddly folk? *confused*

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agency speak with fork tongue

agency want commision

stay, be happy

do not be jealous of colleague who is paid more and is miserable.

be prepared for boss to call your bluff. if you say "give me more or I leave and he says bye what then?"

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I hate my job but am paid more than average. i would rather be you

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Baseball bat is too extreme - he's a nice bloke

 

He hasnt any kids or a German Shepherd

 

I havnt tried actually asking him yet, as I was wondering if there was a technique in order to get more money.

 

Come on, some of you must be bosses, so what would one of your workers have to say to get more money?

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Can you prove that you're worth more ?

 

Last time I was in this boat (I'm there again now, but that's a different matter), I put it all down on paper and talked it through ... came out with 10%.

 

Do you have job descriptions / competancy scale ? I try to keep a rough diary to remind myself of the things that I've been doing on a day to day basis.

 

Also probably worth enforcing the point that you're not trying to hold them to ransom.

 

Andy

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Never threaten to leave, your bluff will/could be called. One of my reps is trying it on at the moment

 

Is your happiness not worth 2K before tax.

 

OiOi comment regarding Agencies is well true.

As an Employer they always pitch that they can get me staff at below he market rate but tell the candidates £2k above what I'm prepared to offer

 

 

 

When you realise the worlds not nice just drop your pants and slide on the ice!!!

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all kidding aside, here's what i as a director would expect:

 

1) show a good track record: show me stuff, significant projects in the last 12 months that have had a positive influence on (a) our bottom line(department, company) or (b) how we do our work/get things done, or © how it has helped the group

 

2) give some concrete examples where you've done more than what your job spec is, so i can see that you're willing to go the extra mile. don't come up with superhuman stuff, i can see through that.

 

3) give me a couple of illustrations of how this rise proposal is inline with your moving up to more responsibilities, real or perceived

 

4) let me know if there's a significant life event going on that perhaps i should be aware of to factor in. i am not a clairvoyant

 

5) let me know that you understand that this might be your only pay rise(depends on company) for the next 12 months. this one is a toughie, but don't be upset when annul raises come around(if your company is doing well and you're that lucky) if there's not one, as you've already had one.

 

6) don't try to "suck up" or "play me", i'm human, and want to see the same in you.

 

7) ask for 1.5X / 2X of what you think you need here, i'll be hammered on by my boss & the FD so it makes both of us feel better to create a win:win.

 

almost any staffer over my career (and i was in your shoes don't forget) who has been able to illustrate some/all of this has been successful with me. i pride myself on building successful teams, and being part of one.

 

fingers crossed *thumbup*

 

Steve B

Big Black Beast^3 Lighten up everybody....NOW

USA 2005: How the West Was Driven

 

Edited by - Steve-B on 27 Jul 2004 06:36:09

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As ex HR Manager turned HR consultant, Steve-B of course is spot on. All I'd add from my experience is that depending on the size of your company, there may well be things in place that govern how such things are proposed. For example at my old place (Texan based tech company, famous for Ross Perot and the Inland Revenue), there were competence structures (i.e. paper work) to be done, and then approval chains to be satisfied. If you're in such a company, find out about the format and help your boss to get you through it - it was a nightmare getting a payrise for the most justified cases - I finally got one myself when I filled in all the forms, rewrote them based on the advice I was given by various people, making it easy for my boss to convince his bosses of the justification for the rise.

 

And the paper work asked all Steve's questions here *arrowup* so even if there is no formal route, that's the way to go!

 

The 'I'll leave if you don't' route is only worth it if you can go through with it (i.e. you have a job offer in your pocket and you genuinely would be happy to move on).

 

Good luck

 

G 4 Geoff

 

Leather Good - Carbon Fibre Bad (Apart from tax disc holders!) *wink* - Cranks W *mad*RSE

 

 

619 GTD here

 

Edited by - GTD on 27 Jul 2004 08:36:52

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but sometimes there just isn't the money there to give the rise even if they want to..

 

I think i just had this situation. I took a new job 13 months ago and realised pretty quickly that they had taken me in 1 or 2 grades too low. In that I was managing a team with people a grade higher than me in it... My boss made loads of excuses and then promised to 'review' the situation in 6 months time. 6 months later... 2% pay rise and no promotion.

 

So I called back the people whom I'd been speaking to the day before, took their offer and handed in the resignation notice! At which point my boss started muttering about how they were just about to give me the promotion etc etc... but it was all front. The project had run out of money. I was lucky in that my CV means I can still find new jobs pretty easily so I didn't have to threaten to leave. I just did it!

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Oh blimey - I'm finding out that GSD's ID and having his membership revoked - the shame of it. Next he'll be rolling over and having his tummy tickled.

 

Tom - you can always borrow me if the good advice below doesn't work out.

 

 

By the way if you want to annoy Boonie call me an Alsation...Mrs B does it to wind him up.

 

 

 

 

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TomB,

 

I work in compensation the specialist area with HR that specifically looks at Pay, bonus share options etc....

 

The three top reasons for giving pay rises are.

 

1. Retention risk - employee is going or being poached

2. Internal & external equity - how you are positioned against your colleagues or EQUAL jobs outside your company.

3. Key Talent – Top performer or future star of the business needs to be looked after

 

You need to establish that you have good reason to request a pay rise. If a manager came to me with a request, I say you need to be more than say 10% below an "appropriate" level compared to your peers internally & externally. The appropriate level is define by if your key talent or not. So this will determine an ideal pay level for you.

 

At the end of the day the only way to ensure you meet all three of the criteria is to ensure that your manager and his/her manager are aware of just how important you are to the business, after all his/her manager will probably have to sign-off the rise anyway.

 

Don't listen to job agencies they inflate everything and as already stated are after a slice of your wedge.

 

There is a lot to be said for moaning, managers are people just like us. If you have kids and they don’t stop moaning how do you shut them up? Give them what they want! This however can be career limiting so unless you’ve got as far as your going to go, or your not too bothered about staying in the job I wouldn’t try it.

 

Good luck

*thumbup*

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Pack in your boring job, move into owellys garage and make trailers! 😬

 

I'm working up to 12 hours a day at the mo for 8 hours pay (plus 2 hours travel). Still looking for a new job (or something interesting!!!!!).....

 

Fish heads, fish heads, roly poly fish heads.....

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Plenty of room in t'ord garage. Kettles always on. Coose can bring the battenburg. 😬

And everybody knows your name. Doesn't recognise you, but knows your name *confused*

 

savin up to be eccentric. but for now, i'll just be stupid...

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Best way to get a pay rise in my experience is to change company. It's a painful process to go through and risky, but you will forever be valued at your incoming experience level in most companies + plus the little that they think they need to keep you.

 

Join another company at a higher grade (if you are up to the job) and you will get a much better new base. For them to add tiny amounts to over the following years.

 

If you truly are key talent, then you can threaten to leave -- but only if in your own mind leaving is what you will do if they don't pay you more. Bluffing is not good in this situation. Most people who worked for me who threatened to leave if I didn't pay them more, I let leave. By the time they have got to asking for more money it's too late.

 

One or two I put onto strict performance related bonus schemes.

 

My ... Preciousss!

Member #109**

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