- Research Salary Benchmarks: Understand the typical salary range for your position in your industry and location. Websites like PayScale, Glassdoor, and LinkedIn Salary can provide valuable data.
- Assess Your Contributions and Value: Make a list of your accomplishments, contributions, and any new skills you’ve acquired since your last salary review. Highlight specific examples where you’ve added value to the company, such as increasing sales, improving processes, or saving costs.
- Choose the Right Time: Timing is crucial when asking for a raise. Consider making your request after a successful project, during performance reviews, or after taking on additional responsibilities.
- Prepare Your Case: Build a strong case to support your request. Be ready to discuss your achievements, how your role has evolved, and why you deserve a raise.
- Practice Your Pitch: Rehearse what you’re going to say. Be confident, professional, and positive during the conversation.
- Consider Alternative Compensation: If a salary increase isn’t possible, consider negotiating for other benefits like additional holiday leave, flexible working hours, or professional development opportunities.
In South Africa, the average salary increase forecast for 2025 is around 5.5%. This information can help you gauge what to expect and strengthen your negotiation.
See too: https://youtu.be/MVWflsvWXTY
Good luck!
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