Calculation for asking for pay rise

boyse7en

I'm planning to ask for a pay rise from my employer in the near future. I started working for them in 2007 and haven't had a pay rise since.

Before I start negotiations (assuming I even get that far) I'd like some 'ammunition' so that I can construct a good argument.

How would I calculate the effect of inflation over the period? Eg, if I was earning £10k in Nov 2008, what would that be worth now? I've got monthly CPI figures, but I'm not sure how I should apply them.

I'm planning to add some value with the extra responsibilities I've taken on, but at least it will give me somewhere to start.

fluffy70

oh my goodness good luck with this one!

What sector do you work in? It may be worthwhile checking out what the average salary for your role in your sector is, and comparing. Are you able to find out what comparative salaries are in your company? Beware, as some companies make this a disciplinary if you are found to be discussing salaries....

It could be seen as optimistic to expect annual increments in line with the rate of inflation... worth a shot though.... just apply the % increase in inflation each year to your salary

Do you have any KPI's/ targets set each year? If you achieve these 100% it could be a good bargaining tool for a pay rise - my ex company ran a scheme where we had to achieve our targets set for us by management and if we achieved these we could earn a maximum 12% of salary bonus each year... (and it wasn't Banking, it was the FMCG industry)

If you're in the public sector ...... forget it

boyse7en

I'll need all the luck I can get.

It's a small company, only 10 employees, and I'm the design dept., so no targets (other than getting stuff to the printers on time every month). I know that annual company sales have risen by 2% this year, about 2% last year and that the previous year was "a record year" according to the Directors.

Since I've started here, I feel I've brought quite a lot of other skills which assist the company which they weren't expecting to get when they hired me, so I feel I've got a reasonable case.

I'm not necessarily expecting to get Inflation, but it will at least give me a starting point for negotiations.

F_T_Buyer

As I don't know the business you are in...

However, I wouldn't use the 'inflation' tactic. I would say how much more you are doing, how much more productive you are... and if the company is doing better bring that into it. Also, DO NOT talk to your colleagues because if you do they may all expect a rise, and you can say to your boss this is a private discussion (probably won't work in a large company).