The Four P’s of ASKING for and GETTING a PAY increase
Despite what people say about it not being all about the money, sometimes it is. For most of us we spend more time working than we do with our family. It’s important to feel like you being fairly paid for the work you do. If you don’t you have two choices; find another job or ask for a Pay Increase. Before you start looking for a job it’s always best to confirm that your issue can’t be solved by raising it with your company. If pay is your primary motivator for job hunting ALWAYS ASK FOR A PAY INCREASE FIRST!
Below you will see a simple outline of the steps you can take to ASK for and GET the increase you want. If you prefer to listen to or watch to better understand the content check out the Med Device Talent YouTube and or Podcast on Getting Paid!
There are four steps to addressing salary issues. I call them the four P’s. Plan, Present, Partner and Perform. Let’s explore each is a bit greater detail.
Plan – In the planning phase you need to gather your data and plan how you will execute this crucial conversation
Present – This is the step where you actually discuss your issue with your boss. Make sure you follow your plan.
Partner - During this phase you need to move from complaining about your pay to partnering with your boss to understand and solve the issue.
Perform – Without performance people will not want to give you a pay increase
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