Negotiating a pay packet can be one of the most uncomfortable career conversations. In fact, a study conducted by CV-Library found that almost two-thirds (63.6%) of employees are reluctant to ask their bosses for a raise.
Either out of fear of rejection or causing offense, money is never an easy subject to breach. Especially when times are tight - thanks to Brexit and the fall of the pound - raises are a rarity.
However, being transparent to those who do pluck-up the courage to ask, can save those employees from harbouring resent. Jeff Haden, Speaker, LinkedIn Influencer, and Author of ‘TransForm: Dramatically Improve Your Career, Business, Relationships, and Life ... One Simple Step at a Time,’ says that it’s an employer’s duty to explain: “If an employee hasn't earned a raise, say why. If the company can't afford to increase salaries, explain why.” The fickle excuse ‘I would like to give you a raise, but (insert any old nonsense here)’ isn’t making anyone feel better but the boss,” Haden says.
But, despite honesty, workers are still likely to switch jobs – especially when they can get significantly better money if they do. According to a survey from ADP, the average full-time employee who switches to another position with another company will get a six per cent increase.
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