Thinking Beyond Cash
Pay Rise Alternatives
So youíre convinced youíre worth more than your boss pays? Well, itís more than likely that you are. The tricky bit is getting more.
In todayís economic climate, you will probably find that bursting into your bossís office and asking for a pay rise wonít work.
You need to be much more clever. For a start, you need to show why you deserve more. Once youíve done that, there are a range of things to ask for aside from cold hard cash, such as "salary sacrifice", training, a "no-pay-rise promotion", and a performance based bonus.
" The most important thing is to be sure youíve earned it and be sure that your boss knows youíve earned it", says Judith Leeson, national president of the Australian Association of Career Counsellors.
"Think about the last time you had a rise Ė what were your duties and responsibilities? If you have grown in your job and grown the job since then, then itís almost certain there will be a discrepancy between what you were paid to do and what you are doing now," she says.
"But donít just say you are doing more complex tasks. Say how you have added value to the organisation. Itís really important that you can measure the benefits to the company. Then you are dealing with facts Ė not ĎI reckon Iím worth moreí.
Here are some examples of rewards you could suggest:
Another option is salary packaging, where you take less gross annual income in return for your employer paying an ongoing expense, such as car repayments and running costs. The most effective items to salary package are cars, superannuation, laptop computers, mobile phones, and palm pilots.
Source "mycareer.com.au" 27.02.2001
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