How To Ask For A Pay Rise Amid The Cost Of Living Crisis

Spread the love

Introduction: Amid a surging cost of living crisis, the Bank of England predicts a potential 10% inflation by the end of 2022, exacerbating financial strain for many. Natalie Hall, MD of career coaching service Elevate Her, notes the challenges faced by individuals and small businesses due to rising energy and food costs.

Impact of Inflation on Salaries: With prices soaring to a 40-year high, salaries are failing to match the pace of inflation, leading to financial hardship for millions, reports The Telegraph. Simon Wingate, MD of Reed, emphasizes the fear that often hinders employees from negotiating pay raises, especially affecting women, as revealed by a YouGov survey.

Strategies for Confidently Requesting a Pay Rise: Experts advise researching salary comparisons within the company and industry. James Andrews from money.co.uk suggests using online tools like Indeed and LinkedIn to benchmark current roles, emphasizing the leverage gained if existing salaries fall below market standards.

Utilizing Salary Checkers: Job platforms like Indeed, Totaljobs, and Reed offer salary checkers to strengthen pay raise requests. Wingate recommends these tools to demonstrate the reasonableness of your proposal and align it with market expectations. Indeed emphasizes understanding regional and national salary bands, crucial in negotiating amidst record-high inflation.

Considering Inflation and Percentage Increase: Indeed highlights the importance of comprehending inflation’s impact on salary expectations. Knowing the percentage increase required to keep pace with inflation becomes vital in setting reasonable expectations during negotiations.

Related Posts

Woman Loses Husband in Plane Crash, Years Later Meets Him and His Mother by Coincidence in a Store

Spread the love

Spread the loveHailey went on vacation, seeking a break from past problems. At a grocery store, she was shocked to see a man who looked exactly like…

Erase Nail Fungus Naturally: Discover the Power of Garlic

Spread the love

Spread the loveGarlic, known for its antifungal properties, offers a natural solution for treating nail fungus. According to the article, “Garlic isn’t just for adding flavor to…

The dark-skinned model and the blue-eyed blond had children. Their appearance shows all the best from their parents.

Spread the love

Spread the loveAn Australian couple, once strangers, now has a beautiful family that embodies the best qualities of both parents. The duo, comprising a blonde with blue…

One Last Question!

Spread the love

Spread the loveA blonde, a brunette, and a redhead show up for the same job interview. The brunette is the first one to go in, and after…

Entitled Homeowners Refused to Pay My Plumber Dad – They Thought They Were the Smartest, but He Had the Last Laugh

Spread the love

Spread the loveMy dad, Pete, a 55-year-old plumber, is a hard worker who takes pride in his craft. But when a couple, the Carlyles, tried to cheat…

Farmer found newborn “puppies” in a field: after a while it dawned on him that they are not puppies!

Spread the love

Spread the loveShimoda, a Chinese farmer, discovered an unexpected surprise on his farm. While doing his daily chores, he heard unusual voices from a bush. As he…

Leave a Reply

Your email address will not be published. Required fields are marked *