Negotiation of remuneration...

megakid · 5 Sep 2011 at 14:51

What's the best way of approaching this at an existing employer?

I've got another job offer on the table that doesn't match my existing package. I've found myself quite comfortable negotiating this as I've got nothing really to lose, however, I can't see how I would approach the issue when you've been at an employer for several years? I also see the fact that I have another offer on the table as potential leverage for a small pay bump in my current role.

Anyone got any success stories?

Mr Jack · 5 Sep 2011 at 14:57

You don't ask, you don't get.

Tell them you think they're underpaying you.

Gilly · 5 Sep 2011 at 14:59

Just tell them you've been approached with a job offer elsewhere. It happens.

Windle · 5 Sep 2011 at 15:21

Yup, just bring it up with your line manager. Any decent company won't hold it against you. Business is business at the end of the day and staff leaving is a risk they should have accounted for, if your a member of staff that they don't want to lose and can justify a payrise to keep you it's a non-issue. Also depends on the pay structure at your work, if you have staff on fixed grades/incremental salaries there's not much scope for payrises.

redeye_uk · 5 Sep 2011 at 15:30

Are you permanent or a contractor?

I would say something along the lines of - "I've been at the company for x years now and believe I am a more valuable member of the team and wish to renegoiate my renumeration"

Participant · 5 Sep 2011 at 21:02

megakid said:
What's the best way of approaching this at an existing employer?

Personally I've only ever negotiated a salary rise on the back of a letter of notice. I've found it's the only thing that will make them sit up and pay attention. I also accompany it with a speech about how I enjoy working for company x, but feel I'm worth more to the market than I'm receiving.

mattx2 · 5 Sep 2011 at 21:34

megakid said:
What's the best way of approaching this at an existing employer?

I've got another job offer on the table that doesn't match my existing package. I've found myself quite comfortable negotiating this as I've got nothing really to lose, however, I can't see how I would approach the issue when you've been at an employer for several years? I also see the fact that I have another offer on the table as potential leverage for a small pay bump in my current role.

Anyone got any success stories?

After my pay review and bonus last year I complained to my line manager that my pay after the raise was not in line with current market rates and that I was disappointed that I was being undervalued at the company.

His response was that he would get HR to do a salary review on my position, the result was a further 10% pay raise (I was asking for closer to 20%)

This was without another job offer or any veiled threats of leaving the company I just stated the facts to him.

[FnG]magnolia · 5 Sep 2011 at 21:39

As said, either have concrete facts about the market rates or be open about having received another offer.

gambitt · 5 Sep 2011 at 21:45

Sin_Chase · 5 Sep 2011 at 21:47

Other job sounds like a reasonable approach. I'm not accepting a perm position from temp and they offer me more money. Oh well, keep it

Think though,. what happens when they turn around and say "Ok...cya"

Dabbles · 5 Sep 2011 at 21:53

Sin_Chase said:
Think though,. what happens when they turn around and say "Ok...cya"

You have to be prepared to leave if that's your threat and they try to call your bluff.

gambitt · 5 Sep 2011 at 22:00

If you want to be clever, a few days before you ask for a raise take the morning off work then turn up later in a smart suit. When asked, tell everyone you had a "meeting" - make sure your boss sees you