Securing the compensation and recognition you deserve

MOTIVATING for a salary increase or improved compensation package is one of the most nerve-wracking challenges employees can face. The anxiety surrounding the mere idea of having the conversation can be so debilitating that this important act of self-advocacy often gets put off for way too long.

- ADVAITA NAIDOO

Rejection fears

However, it’s crucial and entirely possible to handle the money conversation professionally - and ensure that your value and contribution are fairly recognised and rewarded.

The first step is to get over the fear of having the conversation. Particularly in the current economic climate where budgets are tighter than ever before, the fear of rejection looms large. But by accepting the potential for rejection right from the start, making peace with it and entering the negotiating room with alternative options, you can ensure that regardless of the outcome, you will be in a better position than before.

Money conversation

The money conversation is more than just a negotiation for a better compensation package. It’s an opportunity to express your value, seek clarity and find creative solutions that benefit both you and your employer.

Having this conversation is not just about asking for more money; it’s about finding mutually beneficial solutions. It’s therefore important to have an open two-way discussion where the needs and constraints of both parties are disclosed. This approach will help minimise tension and open the door to a positive, mutually-beneficial outcome.

Value and preparation