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Are you about to graduate from your Bachelor in Management program, or are you thinking about where you'd like to go after graduation?
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25 Apr 2024
You feel in tune with your work. You feel that you deserve to be paid more for your efforts. There's no point beating about the bush: you're thinking of asking your employer for a raise. But be careful, you don't want to do it just any old way! You may feel a little over-confident or, on the contrary, a little bewildered by this crucial stage in your professional development. But don't panic. IPAG Business School discusses the key points of a strategic approach to your request for a pay rise.
Generally speaking, requests for pay rises are more likely to be accepted if they are made at the right time! There are a few occasions not to be missed if you're planning to ask for a pay rise:
A few markers can help you identify the ideal opportunity to increase your salary expectations. For example: the current level of the minimum wage, the overall economic context (inflation), the state of the market and the competition, the economic realities and the good health of the company, etc.
You can also regularly assess your personal and professional situation to put your assets for the company and for the job into perspective.
Make sure you make your request when you feel your manager is physically and mentally available. Making your request at the right time means waiting for the moment when he or she is ready to listen. Then propose a meeting with your boss to explain your motivation to go further.
When preparing for your interview to ask for a pay rise, bear in mind that you will need to prove your added value and motivation to your employer.
You can do this by collecting evidence of your performance and efforts. Take the opportunity to list all your current responsibilities, your skills, and the notable facts that you think could make the difference to a pay rise.
Put forward solid arguments to justify this request: your training, your years of experience, your specialities, your objective performance, etc.
Next, estimate a reasonable amount to ask for by researching equivalent positions on the job market. You can, for example, look at the job offers available online for the same type of position. Opt for a salary range rather than a precise amount: this will show that you have done your homework and that you have the tools to negotiate.
To finish preparing for this interview, try to anticipate possible questions and objections.
The hardest part is still to come: broaching the subject concretely and directly, without beating about the bush. The big day of salary negotiations is approaching: you need to be sure of yourself.
To reinforce the impact of your arguments, base them on figures and objective criteria that demonstrate your added value to the company.
You can build a solid argument around key figures that are representative of your activity in the company that employs you:
To back up your request for an increase, don't hesitate to compare your salary with those on the market, especially if you work in a fast-growing or highly competitive sector. Bear in mind that your employer has no interest in seeing you leave for the competition if you deliver quality work.
To increase your chances and make your employer more inclined to grant your request, pay particular attention to your attitude. The art of conversation can win you sympathy points and help you get a better salary.
To do this, rely on a few effective communication techniques, such as :
There are several possible reactions from your employer or HR manager:
Well done! The discussion you've just had with your employer isn't always an easy one in the course of a career. To make sure you get the most out of the meeting when you ask for a raise, summarise the main points and set clear objectives at the end of the discussion.
For example, set a deadline by which you will be able to discuss your future prospects and future development. This is a good way of showing that you are proactive and open to dialogue (even in the event of a refusal).
What you should avoid at all costs is leaving on bad terms, pestering your boss to reconsider your request, etc. All this is counter-productive for your career. All this is counter-productive for your future in the company and could even lead to professional unhappiness (burn-out, resignation). The pay rise must not be allowed to hold back your entire career!
Our advice for a successful pay rise application:
When you draw up your career plan, don't hesitate to plan from the outset a timeframe during which you would like to be able to increase your salary. Salary remains the basis of recognition provided by the employer for your work, and it's only natural to question it when you don't feel perfectly aligned with it.
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