Some of you may have read my post late last month, “How to get a pay rise at work the right way – Part 1”. I detailed some effective strategies to raising your income for those people that work a full time or part time job.
Well, it should have been obvious from the title of that post that I was going to create a part two!
If you’ve followed my income and traffic reports for this blog you’ll know I’m one for taking a scientific approach to blogging. I test as much as I can and I base a lot of my decisions on facts, figures, and research.
I came across the approach to raising your income in your job via a post on Reddit some time ago. The post resonated with me pretty strongly. I’d always believed the fastest path to getting a pay rise when you’re in a job is to switch companies as opposed to working your way up the ladder.
The reality is that if you want to make a decent step up in income through a pay rise you generally have to look around for a new role before attempting to re-negotiate your salary. I’ve been in the position so many times where I’ve attempted to get a pay rise at work and the discussion disappeared into nowhere as my bosses said they’d “see what they could do”.
I’ve watched my parents go through the same thing. My brother has gone through it, and I’ve seen my friends and work colleagues go through it, over and over again.
As both myself and my work colleagues have found new roles over the years, we’ve generally all seen a big step up in salary.
If you want to know how to get a pay rise at work I encourage you to read both the Reddit post and the comments that go with it, as well as part one of this post on my blog.
Well, I put the advice into action this month.
I’ve not been happy at work for some time. I’ve not been able to get pay rise worth smiling about since I switched from contracting to a permanent role three years ago. And, I’ve been put into a part of the business that I’m really not sure I want to be in. My role started to evolve, focusing on the things I didn’t enjoy.
Along with too many other frustrations, it was time to take a look around.
It was time to test a theory!
As detailed in part one I checked out similar roles to see what market rates were paying. It came as no surprise to me that I could earn more elsewhere. I’d had that conversation with my company before, so I was aware I could do better.
But, more recent checks had shown the market was up recently.
I talked to a couple of recruitment agents but ended up applying for a role where an ex-work colleague and friend had moved too a couple of years prior. It was quite by chance I found the role and I applied directly.
The second role first
I applied for a second role through an agent. I interviewed at both jobs. I got down to the last two candidates on the second role but marginally missed out. The other candidate had more experience with me in directly managing people.
But here’s the good thing about getting out there and networking and practicing your interviews! The CEO and CTO were sufficiently impressed with me at the interview that they asked me to apply for a newly created role. This role was created by splitting responsibilities in the original role I applied for.
The candidate who got the original job over me was asked to give me an interview. Unfortunately, the final decision was left to him and he decided to offer it to another candidate, someone he used to work with.
I wasn’t massively bothered about this as the new role was not really a direction I wanted to head into. I may have been suited to the role but I didn’t feel like I would have wanted to keep in the role for a decent amount of time. I did however like the company. It paid a bucket load more and was five minutes from my home. My hope was I could get in the door and work my way back into the area of work I preferred.
The first role
The first role, where I applied directly, was much bigger. The job was going to be chewy and if there was ever a time I was going to get some hard-out interview experience this was it.
I advocated in my previous post that applying for jobs you don’t necessarily want is a great way to gain interview experience. Doing this is particularly useful if you get nervous at interviews. I, fortunately, don’t get nervous. Whilst I wanted this job to some extent it didn’t tick all the boxes. The worst part, for me, was that the top tier of pay was below what I wanted.
After the HR department got in touch to inform me about the pay cap I was invited to withdraw my application.
For a moment I thought I should. Then I had a moment of self-confidence.
And, I’m so glad I did.
Money isn’t everything.
Ok, who am I kidding, I’m in a pickle with my money, it’s pretty damn important that I get as much as I can. But, I figured I’d get to know them, see what the place is like first.
I figured, if they like what they see and they want me I may be in a position to negotiate them up above the cap.
That’s either some seriously bold thinking right there, or egocentrism at it’s finest.
I had six rounds of interviews.
One was a “role-playing” scenario. Not the type where we all dress up as wizards and run around a park.
No, I’ve never done that!
They put me in a room with some very intelligent people and asked me to manage them through a real-world problem in their business. Each stakeholder had competing priorities.
I swear to God they should have filmed it!
We could have had a pilot for a new season of The Office, or the I.T. Crowd. To say it was entertaining as well as taxing is an understatement! These guys either hammed it up to bicker like school kids in order to test me, or I need to find a way to streaming those meetings and charging for people to watch.
After passing this test I went through a series of other taxing interviews.
This is, in part, why I’ve dropped off the planet in terms of my blogging schedule.
I’m so happy to tell you I was offered the job a few weeks ago.
I resigned from my current role a couple of weeks ago.
The cherry on the cake was that the company raised the cap to meet my bottom line; without me even asking.
Sometimes it’s worth being brave enough to believe you can get something. I think much of the reason I was offered the extra money was in how I explained my intention to keep my application running despite it not reaching my expectations. I passed comment that we could discuss money once we knew we were a fit for each other.
The role comes with a 15% increase in base salary but with no bonus. The bonus scheme at my current company was a bit of a sham anyway.
The most important factor for me is the new company provides some flexibility around the needs of my son.
When I said before that money isn’t everything, the priority for me is time with my son. That subject was tabled quickly and often. We were not going to be a fit if the company could not prioritise my time with him. To get it in writing sealed the deal for me.
This company seems to care about families.
I’m happy and excited for a new chapter.
I had said in my previous post that you should attempt to use any offer as leverage to get a pay rise at your current role if you are happy. Well, I’m not particularly happy in my current role. I’m not miserable either, but I’m a little over some of the daily challenges I face. My job is far harder than it needs to be; far, far, harder.
I know I’m not going to get the pay rise I need either so I just didn’t bother.
The company can step into the insane experience of paying a recruitment agent far more money to find a replacement than it would have cost to give me the pay rise I’d asked for long ago. This is an experience I’ve witnessed on countless occasions in multiple companies. It never ceases to amaze me.
I’m a little sad to leave my current company. It used to be an awesome place to work. Whilst it has always been full of frustrations and challenges there was a culture where everyone cared about each other and people socialised after work. That culture has gone. The challenges have gotten worse. The company is cutting jobs and costs left, right and centre and it feels like everyone is so demotivated that they’ve lost care for their roles and one another.
I made some of the best friends of my life in this company. I also met my new partner here. I was supported by my team and my old boss at the company as I traversed through some significant life challenges and personal traumas. And each and every one of those key people I keep close, as friends. Many, if not all, have now moved on from the company ahead of me.
I will miss what it was. But not what it has become.
I am ready for a new challenge.
I hope this inspires you to get the pay rise you deserve. If you want to follow the steps I took to get my pay rise follow the tips and advice in part 1. And, if you do, let me know how you get on!