How to ask for a pay raise as a woman

The gender pay gap is very real – for every dollar that a man earns, a woman will earn just 81 cents. Women of color are even more disadvantaged, making just 75 cents per dollar. This matter is compounded by the fact that just 57% of women are comfortable asking for a raise they deserve – a figure that’s low when considering that 84% of women are confident they can succeed in their jobs and 77% have a healthy work-life balance. 

While we can’t change the systemic conditions that result in pay inequality, we can certainly do a better job when it comes to advocating for ourselves. In this Pacific Prime UK article, you’ll learn how to do just that. 

1. Timing is everything so be strategic about when you ask for a pay raise

It may take a lot of courage for you to even consider asking for a pay raise, and so you may be tempted to walk straight into your boss’s office and get the awkward conversation over with. But before you do that, you should know that certain situations are more likely to increase your chances of getting a raise. You need to understand and leverage these situations, which can include the following:

• Received a promotion
• Completed a huge accomplishment at work
• Undertook market research that proves you’re being underpaid 
• Been offered a job with a new company with a higher salary (but you would prefer to stay at your old company if your salary is matched)

Note: Wondering if you should wait until your next annual performance review? This isn’t necessarily the best time to ask for a pay raise as money decisions have most likely already been made.

2. Make sure you’re prepared to back up your case with solid points

When asking for a pay raise, avoid beating around the bush and keep it to the point. After all, this is a business transaction and your job is to present your case, outlining clearly and confidently why you deserve a pay raise. Remember to keep emotions like anxiety, anger, nervousness or fear at bay as it can hinder your ability to have a constructive conversation and a successful outcome. 

It helps to prepare beforehand so that you’re not at a loss for words and avoid getting sidetracked. Talk about your professional worth, the accomplishment you’ve achieved so far (i.e. what you’ve initiated or improved upon) and, most importantly, how your work has driven the overall success of the company. Bringing specific examples and cases will significantly increase the likelihood of getting a pay raise. 

Bonus: Conduct salary research to further highlight your case 

In addition, knowing the average salary for your role in your industry and location can also help you negotiate your case better. Simply browse sites like glassdoor.com and payscale.com to find the average pay for almost any role.

3. Ask what you can do to be qualified for a pay raise in the near future

It goes without saying that you shouldn’t just take ‘no’ for an answer, and should be prepared to counter your boss. That being said, if your request for a pay raise gets denied for valid reasons then you should ask what you can do to be qualified for a pay raise in the near future. Once you’ve got tangible pointers, make a plan of action and ask when you can revisit your request for a pay raise. Some pointers include:

• Taking on additional responsibilities and tasks
• Reducing the number of days you’re absent from work
• Adopting a proactive and team player attitude

Get in touch with Pacific Prime UK today!

Getting a pay raise shows that your employer appreciates you. Other ways employers can show appreciation is by offering a competitive employee benefits package – though this isn’t always sufficient to meet the health and wellbeing needs of employees. If you’d like to secure additional coverage or find out more about your options, you’re more than welcome to get in touch with Pacific Prime UK. 

As a global health insurance brokerage, we’ve got over two decades of experience matching individuals to the most appropriate health insurance plan for their needs and budget. We also have knowledgeable and friendly staff on hand to provide you with 100% impartial advice, a tailored plan comparison and heaps of support and assistance throughout your entire insurance journey. 

Contact us today to get started!