Our leadership development update for this month includes some top tips for negotiating your pay, benefits and working practices.
Whether you are looking to achieve an inflation busting pay rise, a benefits package that supports your wellbeing, a better job title or simply free coffee or an onsite parking space, understanding your value to your employer is key to securing the reward package that you deserve. Get prepared for conversations by identifying your requirements and thinking about your total reward in each of the four key areas set out below.
1. Cost of living and inflationary pressures puts focus on salary negotiations.
The money you are paid to do the work is set out in your job description; you’ll negotiate this when you join an organisation, potentially yearly thereafter, and especially when you secure a progression, or new role. This financial compensation is the key tool employers have to attract and retain the best talent, and it’s really important that you understand your worth. A recent survey for XpertHR reported that approximately 45% e