The complete guide to negotiating a pay rise in today's economy

GETTING the salary you deserve isn’t easy but preparation, timing, and clear evidence can make all the difference in end-of-year reviews.

- SHARON ARMSTRONG

Rising costs and financial pressures mean many are feeling the pinch in their pay. Research shows that nearly half of millennials and Gen Z professionals don't feel financially secure, while more than half live paycheck to paycheck.1. Choose the right moment

Timing is everything when approaching your manager about a pay increase.

• Consider company context: If your organisation is undergoing redundancies or a pay freeze, it may not be the best time to ask.

• Look for strategic opportunities: After a successful project, an annual review, or a key achievement can make your case stronger.

• Schedule the meeting: Send a short email first to ensure your manager has time to focus on the discussion.

Negotiating well shows confidence and professionalism. You want your manager fully prepared to consider your request, not blindsided by it.

2. Prepare a watertight business case

Preparation is critical and the most important part of any request.