The simple phrase to tell your boss that could GUARANTEE you a $1,000 pay rise every year

It’s not easy gaining the courage to ask your boss for a pay rise, but new research has come up with the best way that could guarantee you a $1000 pay rise every year.

As the cost of living for Australians continues to increase, workers are essentially taking a pay cut because they’re not asking for a minimum pay rise to keep up with the Consumer Price Index (CPI). 

According to research conducted by comparison website Mozo, workers’ salaries should be increasing by two per cent every year.

Mozo spokeswoman Kirsty Lamont said if workers don’t receive pay rises to keep up with increasing prices of everyday items, then workers are taking a pay cut as they deal with the inflation. 

‘Asking your employer for a pay increase based on CPI is something every employee should pursue,’  Ms Lamont told news.com.au.

‘It’s undeniable that the cost of living continues to soar, and if your wage fails to grow then you’re the one bearing the brunt of rising inflation.’ 

According to the research, a full-time worker earning $63,000 would require $1100 extra to keep up with CPI.

A person on $120,000 a year will need an additional $1537 to keep up with CPI.

So when asking your employer for a pay rise, Ms Lamont said it’s best to bring up the CPI and your performance. 

‘You should push for a CPI salary increase, otherwise you should expect less extra cash to play with each year,’ she said. 

Annual wage growth has remained unchanged at 2.1 per cent since the March quarter.

A person on $120,000 a year will need an additional $1537 to keep up with CPI (stock image)