Is a pay rise a valid career aspiration?

Posted on July 18, 2019
By Catherine Heilemann

To date, I have not met anyone whose sole aspiration is money. Typically people report there is a combination of levers that motivate them in their career – things like interest in what they are doing, the organisational culture, alignment between the person’s values and the companies (although many people are not able to put their finger on this – it’s a sense of misalignment, something isn’t right), the job fit for them, career opportunities, and remuneration.

Money on its own is rather impersonal. It doesn’t speak to the value a person brings to the table in their work and life.

Think about this… a person is in a job – let’s say they are a banker. They have been in the same job for three years. They know it through and through. The person wants to do well. After three years in the same job they are feeling like there isn’t much new and exciting happening. They have done a few courses that the company has offered. They have good friends at work. They like their desk and chair.

They like… but the fire is missing.

The boss says – congratulations you’ve got money – 5% more. You’re excited. Imagine what that will help me do and so on. After a couple of months the 5% is just that. You’re back to wondering what else.

We humans are complex. What is right for one person isn’t right for the next. Research and understanding of wellbeing is on the rise. It’s a complex mix and unique to people. It comprises a number of factors.

According to The Better Health channel (https://www.betterhealth.vic.gov.au/health/healthyliving/wellbeing) it comprises a number of aspects:

  • Happy intimate relationship with a partner
  • Network of close friends
  • Enjoyable and fulfilling career
  • Enough money
  • Regular exercise
  • Nutritional diet
  • Sufficient sleep
  • Spiritual or religious beliefs
  • Fun hobbies and leisure pursuits
  • Healthy self-esteem
  • Optimistic outlook
  • Realistic and achievable goals
  • Sense of purpose and meaning
  • A sense of belonging
  • The ability to adapt to change
  • Living in a fair and democratic society.

As you can see there is not just one thing that fulfils us. And on different days our sense of wellbeing can be different depending on what is happening in life.

When we relate this to our career you can see career aspiration and recognition of achievement is never just about the money. Money is the outcome of communicating and demonstrating your value. It’s one of the outcomes of career progression and/or performance reviews.

So what is value? It’s your contribution.

In an organisational context it’s about what the organisation gets from your contribution. It could be customer satisfaction, improved processes, improved productivity (yours, team, function), improved and/or consistently good customer satisfaction, better efficiency etc., and how it can be quantified.

It’s what you do and how you stand out from the rest of your colleagues. And the bottom line benefit the organisation gets from your contribution. This helps you achieve in your career through feeling like your contribution matters, that you are part of a greater system and community, that you have options, that your boss and their boss(es) appreciate your contribution and so on. Often organisations tie recognition to awards, vouchers, pay, bonuses, education, time off and so on.

And all of these things are absolutely valid career aspirations.

Is a pay rise a valid career aspiration?

Negotiating a better working life doesn’t begin and end with money

Negotiating a better working life doesn’t begin and end with money
Posted on March 29, 2019

Want a better working life but the chance of a raise or formal promotion are unlikely? Don’t despair! You can negotiate all kinds of workplace flexibility that makes for a better working environment. Curious? Check out the latest blog from the Salary Coach and see.

Read the article here
Why do Australians struggle asking for promotions and raises?

Why do Australians struggle asking for promotions and raises?
Posted on April 5, 2019

Promotions and raises seem so easy to come by when you’re watching the latest legal drama, yet so many Australians struggle with asking for a new role. The Salary Coach investigates why we cringe when it comes to asking for our work dues.

Read the article here
When good contract jobs go bad, where can you turn?

When good contract jobs go bad, where can you turn?
Posted on April 12, 2019

Leadership woes can be tough to navigate in a contract role. Let the Salary Coach take you through a scenario where is leadership is adrift and mistakes are made.

Read the article here
Are you risking your future by not speaking up?

Are you risking your future by not speaking up?
Posted on April 19, 2019

The Salary Coach makes a case for workers to learn the art of salary negotiation to move from surviving to thriving in the workplace.

Read the article here


Group Coaching.

Starting at $49

One day to get you the recognition and remuneration you deserve. Even if you don’t quite believe in yourself yet. Confidently take on every opportunity that becomes available. Make a move to the career you deserve.

Learn more about Group Coaching

Individual Coaching.

Starting at $300

Personalised 1:1 coaching completely tailored to you. So you can take complete control of your career and financial future. Learn how to step up and clearly define exactly what you have to offer with individualised attention to address your specific career goals.

Learn more about Individual Coaching

Online Coaching.

Get started for free!

Sometimes in-person coaching isn’t going to work for you. Too far away, at the wrong time of day, or just prefer to work at your own pace. Online coaching is the best of both worlds. Some individual attention. Some conferenced group work.

Learn more about Online Coaching

Our Proud
Customers.

We’ve worked with people to help them discover their worth.

Read some of the stories we’re most proud of, and see how we worked together with people to help them learn to value themselves and get the reward they deserve.

Read Our Testimonials