My company is using the current uneasiness and layoffs in the market to not increase our salaries though we are making a profit. How do we ensure we get our deserved salary increase?

Ans: Hello,

I would advise you to approach the issue of a salary increase in a professional and strategic manner. Here are some steps that you can take:

Gather data and research: Before you make a case for a salary increase, it's important to have a good understanding of the current market trends, salaries for similar positions in your industry, and the financial health of your company. This information can be used to support your argument for a salary increase.

Schedule a meeting with your manager: Set up a time to discuss your concerns about your salary with your manager. Be sure to prepare for this meeting by outlining the reasons why you believe you deserve a salary increase, including the data and research you've gathered.

Make a compelling case: When making your case for a salary increase, focus on the value that you bring to the company, including your accomplishments, skills, and experience. Highlight how your contributions have helped the company to be successful, and explain how a salary increase would be a fair recognition of your hard work.

Be open to negotiation: Your manager may not be able to grant you the full amount that you're seeking, but be open to negotiating a reasonable compromise. For example, you may be able to reach a mutually acceptable agreement that includes a smaller salary increase, additional benefits, or other forms of compensation.

Ensuring that you receive a deserved salary increase requires a strategic approach, good preparation, and effective communication. By presenting a well-reasoned case and being open to negotiation, you can increase your chances of securing a fair and appropriate salary increase.

I hope this helps. Good luck.

Regards,
Abhishek