Salary Negotiation.
You probably love your hotel job, your employer is great and you feel you found a place you fit in at last.
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However, since the day of the interview, you have never had a forum to discuss your pay rise. You now intend to approach your boss or manager to consider increasing your salary. How do you do that?
Preparation, timing and planning are the keys to making a proper and successful salary increase request. This article contains steps you need to follow when requesting for a pay rise.
Research the pay rise you desire appropriately.
It is important at this point that you understand your employer's salary payment practices before making an approach. If the employer increases salaries annually, it is pointless to ask for an increase when you know you'll get it.
If the hotel you work for awards its employee's salary increases frequently, then you have a greater opportunity to get the increase. It is important that you listen to what your employer says, for instance, you are unlikely to succeed in negotiating a higher figure if the hotel is awarding all employees a ten percent increase across the board.
Know the market salary range for your job position. You can use online salary calculators and projections to know what you ought to be earning.
You might need to follow an outlined process when requesting for a pay rise. Network with workers in similar job positions in the hotel industry. This will allow you to determine how competitive your salary is compared to your colleagues'.
Asking for the pay rise
After completing your research and have a good idea on how competitive you can be paid, the next step is looking at the contribution to the hotel to determine how you can present the idea to your boss. Here is what you should do:
Come up with a list of all the goals you have achieved for the hotel. Relate these with the achievements the hotels has had including saving costs, increasing productivity, important project completion, increased profit margins and other ways that you think may justify a pay rise.
Make a list of responsibilities that you have traditionally added to your job. These may include increased responsibilities, special projects you have undertaken or more employees you have had to supervise.
In your mind, you must have a set goal that would appear to reward your contributions and additional responsibilities that you have documented in your presentation.
Arrange to meet with your supervisors, department head or general manager to discuss your compensation. It is not professional to ambush them with your presentation because nothing will be discussed in such a meeting.
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