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Your salary and salary negotiations

What salary should you receive and how can you prepare to increase your chances of a salary increase Watch video and learn more about myths and fragrances about salaries, and why salaries are so taboo.

Negotiating salary at Danske Bank is different from other banks. 

In this video Lars Aabling-Thomsen and Gunver Sommer from Finansforbundet in Danske Bank talk about what you should be aware of before, during and after your salary negotiations at Danske Bank.  

4 steps before your next salary negotiation

Video: How to prepare for your next salary negotiation at Danske Bank.

Read elaboration of the video and what else you should be aware of

Preparation
The first point is also the most important one. It is preparation. You can never prepare too much if you talk about your salary with your leader, so it is important that you have prepared for the arguments that you wish to present.

Be sharp in terms of what you have contributed to - both results, effort and social
You must be able to argue for what is the result you have achieved in the past period. Consider carefully what you want to emphasise as the reason for your salary increase?

Look at your job profile and compare it with the tasks you perform
Look at your job profile. How do you meet the requirements of it and the next job profile, which might be on your career path.

Get a realistic picture of the salary level
Another thing you can do to prepare is to get a realistic picture of your salary level. For example, you can do this by talking to your colleagues about salaries. You are perfectly OK to do that.

Use your union representative 
And we actually recommend that you talk to a friend about this, and such one could actually be your union representative. If there is no union representative in your area, you can always seek help from Finansforbundet in Danske Bank or from Finansforbundet's career advisers.

Use the wage calculator to supplement your other research on salary
When you prepare, you may use different tools.

There is a salary calculator on Finansforbundet's website. However, it is important that you do not base your salary expectations solely on the salary calculator. But the services are guidance, and in conjunction with other matters you have talked about with your colleagues, for example, it can give you an indication of your salary position.

Check Danske Bank's job profiles
Another thing you can do is look at Danske Bank's job profiles. You can see your current job profile. What are the requirements and the opportunities that it contains and you can look at your job profiles that are on your desired career path.

Be specific during the salary review
Please include a specific proposal regarding what salary you think is appropriate and leave a little room for negotiation.

Think of other benefits than salary
And you should also think in the direction of anything other than salary. Such as training, new tasks or more responsibilities.

Document in writing what you agree on
And remember to document everything you talk about.

Hang in there if it doesn't succeed the first time

Hang in there, if you do not succeed in getting a salary raise and remember to have good arguments, great persuasion and perseverance. This may be successful next time or next time again.

Agree on specific goals to reach the next level
Arrange with your leader when you follow up on the follow-up and what specifically must be taken into consideration for a salary increase.

Previously, we established in a collaboration on the bank's SU Council that ”lack of” collective agreement funds CANNOT be an explanation why employees who have performed better and are thus acknowledged to be entitled to a salary increase do not get a salary increase.

Write down during the year the results you achieve
Remember to get documentation on an ongoing basis and write down the results you get and what you contribute to the period. For example in relation to the implementation of projects, to get help to customers with different things, to have processes changed, etc.

Myths and fragrances about your salary

In all workplaces myths and fragrances about pay and how you as an employee are taken into consideration for more in pay are flourishing.

Get your prejudices either dispelled or confirmed in regards to salary and salary structures in Danske Bank. 

Salary: The taboo that never disappears

For years, it has been taboo to talk salary with colleagues and friends. Why does this remain the case when trade unions have been screaming for more openness for years?

Get answers from a researcher in industrial relations and chief consultant from the Institute for Human Rights. And perhaps we are seeing a minor change in salary talk in the years ahead?