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Asking for a raise- is 20% too much? UPDATE: Page 2
Posted on 10/19/17 at 10:52 am
Posted on 10/19/17 at 10:52 am
I work for a Fortune 500 company and I have been with them just under two years now. I can get an annual bonus of up to 10% base salary but it is usually closer 5-7.5% depending on what is going on business wide.
We get annual raises ranging from 3-6% depending on how your are rated by your supervisor. I received a 6% last year based on performance.
Since I began in this role I have taken on a decent amount of more responsibility, obtained two professional certifications (CSP which is the highest in my field of work).
Ideally I would like 15.5% which puts me where I want to be, but I feel like if I ask for 20% it could get negotiated down.
We get annual raises ranging from 3-6% depending on how your are rated by your supervisor. I received a 6% last year based on performance.
Since I began in this role I have taken on a decent amount of more responsibility, obtained two professional certifications (CSP which is the highest in my field of work).
Ideally I would like 15.5% which puts me where I want to be, but I feel like if I ask for 20% it could get negotiated down.
This post was edited on 10/23/17 at 10:56 am
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Posted on 10/19/17 at 11:00 am to TheDeathValley
I would suggest that it is OK only if you can leave today and get that raise somewhere else by tomorrow.
If they get the sense that you are unhappy and they don't think you are worth that, they will start planning for your replacement.
If they get the sense that you are unhappy and they don't think you are worth that, they will start planning for your replacement.
Posted on 10/19/17 at 11:03 am to TheDeathValley
I don't see any issue with asking for 20%. Just go in there with the same reasoning you gave us. "Additional responsibilities (list them), certifications, etc". Show him why you add more value than you did when you started and ask for a valuation increase with the raise. Based on what you told us, it sounds reasonable for you to ask that. I don't think he'll throw you out for asking for 20%
Posted on 10/19/17 at 11:03 am to notsince98
quote:
I would suggest that it is OK only if you can leave today and get that raise somewhere else by tomorrow.
If they get the sense that you are unhappy and they don't think you are worth that, they will start planning for your replacement.
I have been open with my manager about an offer from a head hunter of a competitor and he said he would value my decision either way. We are sort of a smaller site so it is more family than big business.
I could get another job in the ballpark I want to be at but it would take a little TLC.
What would be a fair offer for a raise?
Posted on 10/19/17 at 11:04 am to TheDeathValley
quote:
is 20% too much?
Entirely depends on your current salary compared to the market, and how valuable your bosses perceive you to be.
Could they go find another you for the money you are currently making?
I've always asked for raises in writing with reasons and numbers that I feel support my case. It gives the boss a starting point for negotiation and constructive criticism, which you have to be able to take when approaching with that sizable of a request. You probably won't get all of it, but you may get a portion, and it will let your bosses know what your goals are. maybe put y'all on the same page moving forward.
But I wouldn't ask for 20% without presentable data or reasons to support it.
This post was edited on 10/19/17 at 11:06 am
Posted on 10/19/17 at 11:48 am to TheDeathValley
I look forward to seeing the answers in this thread as an ASP working towards the CSP. Congrats on the CSP.
By the way, y'all hiring? Moving back to LA in 8 months...
By the way, y'all hiring? Moving back to LA in 8 months...
This post was edited on 10/19/17 at 2:11 pm
Posted on 10/19/17 at 11:57 am to Upperdecker
quote:
Show him why you add more value
This is tough as a Safety professional.
Posted on 10/19/17 at 12:31 pm to notsince98
quote:
I would suggest that it is OK only if you can leave today and get that raise somewhere else by tomorrow.
^^^
Agree.
Posted on 10/19/17 at 12:33 pm to lnomm34
quote:
This is tough as a Safety professional.
Posted on 10/19/17 at 1:18 pm to TheDeathValley
quote:
I have been open with my manager about an offer from a head hunter of a competitor and he said he would value my decision either way. We are sort of a smaller site so it is more family than big business.
I could get another job in the ballpark I want to be at but it would take a little TLC.
What would be a fair offer for a raise?
Whatever you can defend as being fair is fair. Everyone has their own feelings on these things as people have different experiences. Just be aware that actions can be interpreted differently by different people/companies.
I'm an engineer and personally I'm very risk averse when it comes to having a job. I wouldn't ask for a specific raise in a formal manner unless I had a new job lined up with a raise ready to go in the event something went sideways.
On the flip side, I don't think it is poor form to talk to your boss in a social environment and indicate to him you feel like you are underpaid for your current responsibilities and then see how they respond at the next round of raises.
Posted on 10/19/17 at 1:57 pm to TheDeathValley
If someone under me asked me for a 20% raise being in the job less than 2 years, I would probably just wish them good luck in their future endeavors. Honestly, without any leverage they have little incentive to just give you a raise.
Posted on 10/19/17 at 3:11 pm to TheDeathValley
You work for a fortune 500 company and have been there less than two years. You are entirely replaceable. You don't have much leverage -- good luck.
This post was edited on 10/19/17 at 3:12 pm
Posted on 10/19/17 at 3:30 pm to TheDeathValley
quote:
Asking for a raise- is 20% too much?
quote:
I work for a Fortune 500 company and I have been with them just under two years now.
Yes.
But good luck.
Posted on 10/19/17 at 3:31 pm to TheOcean
I think very little good can come from this. If you leverage them to give you a 20% raise, they may give it to you. Then in 3 months, they may let you go bc they found someone else to take your spot. I could see asking for a big raise if you hadn't received a raise in a long time or something but this doesn't seem to be the case. I hope it works out for you but just be cautious.
Posted on 10/19/17 at 3:36 pm to TheOcean
quote:
You work for a fortune 500 company and have been there less than two years. You are entirely replaceable. You don't have much leverage -- good luck.
Agreed.
You also have to think about it from their perspective, if they give you a 20% bump then they will be getting similar requests from every other schmuck in the plant. If you really want more money, seek employment elsewhere and then see if they want to play ball.
This post was edited on 10/19/17 at 3:37 pm
Posted on 10/19/17 at 3:37 pm to TheOcean
quote:
You work for a fortune 500 company and have been there less than two years. You are entirely replaceable. You don't have much leverage -- good luck.
No guess I did not explain it as I had hoped. I have been with the company for five years, however, I moved divisions about two years ago. I went from projects and services to fixed facilities.
Am I replaceable, that is tough to say. We are such a specialized industry, it would be hard to find someone. As far as comparable salary, I am about 5-10k under the median for my title.
In short, the company I work for bought this site 3 years ago, and I was asked to come help with the integration, so I pretty much built the entire department here from scratch.
Posted on 10/19/17 at 3:52 pm to TheDeathValley
Congrats on csp, I have several friends with it and once they achieved it they have swiftly moved up.
Did you get a bump when you achieved csp? Was achieving csp a requirement of your initial hire?
Maybe you can leverage your work developing that initial site and start auditing other sites and getting corporate policy in line? If you want to move up you need to get involved with big policy bs vs just staying at a site.
Did you get a bump when you achieved csp? Was achieving csp a requirement of your initial hire?
Maybe you can leverage your work developing that initial site and start auditing other sites and getting corporate policy in line? If you want to move up you need to get involved with big policy bs vs just staying at a site.
Posted on 10/19/17 at 3:57 pm to eng08
quote:
Did you get a bump when you achieved csp? Was achieving csp a requirement of your initial hire?
No, I passed my CSP exam after our annual raise period. It was not a condition of the job, but ASP/CSP was a recommendation.
I am a sitting member on two AWEA committees, but our corporate EHS team took a hit this year with our new CEO, so there are minimal opportunities beyond my site and my sister site in the UK.
Posted on 10/19/17 at 9:08 pm to TheDeathValley
20% is too much
Less than 2 years is too few
Be grateful you have the job and ask for a 10% raise in 3 years.
Less than 2 years is too few
Be grateful you have the job and ask for a 10% raise in 3 years.
Posted on 10/20/17 at 6:18 am to CorkSoaker
As a business owner I can tell you if someone asked for that they better have a LOT if data to support why they deserve the raise and how they as an employee will generate that raise and make it pay for itself.
While I don't run a fortune 500 company I would likely let someone go after two years if they asked for that much knowing that in the future we won't be able to keep that employee happy.
Whole different story if what you are asking for makes you at or near the average for your position with your credentials, but think about it long and hard before you ask, just my advice,
While I don't run a fortune 500 company I would likely let someone go after two years if they asked for that much knowing that in the future we won't be able to keep that employee happy.
Whole different story if what you are asking for makes you at or near the average for your position with your credentials, but think about it long and hard before you ask, just my advice,
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