Like a pay rise? Now's the time to ask

April 28, 2023

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Many of us think about asking for a pay rise at some point in our career, but don’t always follow through. How – and importantly – when we ask could be a factor in whether or not we get what we’re after.

Businesses often consider financial decisions before 30 June, so this could be the ideal time for you to ask - especially if your workload or responsibilities have changed. You could also bring it up at your performance review, before your work anniversary or before budget sign-off.

Before you go in for the meeting, there are some steps you can take to help you put your best case forward and get the pay rise you’ve been working for.

Do your research

Find out how much you, your position, and your level of experience are worth in the market. Be objective and realistic.

You’re amazing – show it!

Make sure you have proof of your achievements. Include completed projects, increased sales and praise from clients or colleagues.

Practice, practice, practice

Many people are so unprepared for the negotiation meeting. Don’t be that person. Jot down what you want to say and rehearse it. It will help you cover all the important points.

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Any general advice has been prepared without taking into account your objectives, financial situation or needs. Before you act on any general advice, you should consider whether it is appropriate to your individual circumstances. Before making any decision, you should obtain and read the relevant Product Disclosure Statement and Target Market Determination or call us on 1300 033 166 for copies of these documents. You may wish to consult an adviser before you make any decisions relating to your financial affairs. To speak with an Adviser from TelstraSuper Financial Planning call 1300 033 166.