Hi all!
I was hoping for some advice if possible.
Last week I interviewed for a promotion with my current company, within the same (small) team. I am currently paid £23,500 which is quite a lot under the going rate for my role in other companies however I have been stuck due to covid. I have asked for more money previously but been put off until ‘time is right’.
The promotion would be a big step but I feel that I am well qualified to do it. I previously have done a slightly less senior role but had to downstep from that into my current role in order to get experience in a different sector.
After the interview I was asked what my salary expectations are. I am aware that the role is budgeted for 37-42000. I went in the middle at 39500 (prepared that they will negotiate), as I would accept 37 due to the huge increase in responsibility & seniority. This is still 10-20k+ under market rate for the role in other companies but this is the case in many roles across the business.
Also to add there are 2 other people doing the same role (same grade too) but with 1 direct report, whereas I wouldn’t have one, so I went in a few thousand below what they are paid.
I believe that they are going to come back & offer me possibly 30-32k which whilst would be an increase, I don’t believe matches the level of responsibility & seniority that the role would entail.
Please could you offer any advice on how to confidently negotiate to ensure that I am offered an acceptable amount? I find conversations about money difficult & awkward so trying to prepare as much as I can!
I don’t want to frustrate them but equally took a large pay cut to get this role on the understanding my pay would be increased 6 months later & due to covid & cuts this never happened. I know if I was an external they wouldn’t low-ball me and trying to work out how to say that in a polite way.
Please help! Thank you in advance 