The Pay Rise Dilemma: Strategies for Seeking Fair Remuneration
Welcome to Working On It: The Modern Workplace Handbook!
In today's episode, hosts Lauren Spearman and Molly Johnson-Jones dive into the complex world of pay rises and employee compensation. They share personal experiences, expert insights, and actionable tips on how to navigate the delicate balance of asking for a pay raise, understanding individual values in the workplace, and exploring alternative forms of compensation.
From negotiating strategies to the concept of "work love languages," this episode delves into the modern realities of seeking fair compensation and recognition at work.
Join us as we unravel the intricacies of pay rises and equip you with the tools to thrive in today's evolving work environment.
Key Points:
00:00 Juggling personal needs and business profits with inflation.
04:12 Dealing with staff turnover, start-up benefits, and pay tweaks.
09:06 Work situations are frustrating, need proactive measures.
10:52 Ask for a raise with proof of performance.
14:09 Figuring out your worth by networking with folks.
19:34 Approach with positivity, exceed targets, and contribute positively. Avoid negativity.
23:09 Asking for a raise? Have a performance review.
24:33 Plan pay raises carefully to avoid budget problems.
28:30 Economic downturn means pay freeze makes sense.
30:30 Dealing with work uncertainty and feeling undervalued.
34:47 Wanting recognition, rewards, and professional growth is key. Getting acknowledged, receiving bonuses, and feeling valued matter more than a tiny salary difference.
37:15 Check in after 6 months, get feedback, and consider job change.
40:38 Handle conversation well, avoid ultimatums, and get feedback. Prepare benchmarks, and you're good to go.
Hosts Bio
Lauren Spearman brings a wealth of experience from her career in advertising, social media, and brand strategy, to her current role advocating for salary transparency and flexible working conditions. Her journey, marked by her advocacy on TikTok against unfair hiring practices, has made her a champion for creating better work environments. Lauren’s unique perspective as a freelancer, balancing work with personal commitments, adds a rich, authentic layer to every discussion.
https://www.tiktok.com/@spearmanlauren
https://www.linkedin.com/in/laurenspearman/
Molly Johnson-Jones, at the helm of Flexa Careers, is transforming how companies and individuals approach flexible working. With a platform that empowers millions to find roles that fit their desired working environments, Molly’s insights on the future of work, DEI, and employer branding are indispensable for anyone looking to navigate or shape the modern workplace. Her frequent speaking engagements on these topics bring cutting-edge perspectives and actionable advice to the podcast.
https://www.tiktok.com/@mollyjohnsonjones
https://www.linkedin.com/in/molly-johnson-jones/
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Copyright 2024 Fairey Tale Productions
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