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re: What to do if given a merit based promotion but no raise? **Updated Page 3**
Posted on 10/23/18 at 12:28 pm to SUB
Posted on 10/23/18 at 12:28 pm to SUB
quote:
Just accept the promotion and look for a new job if you don’t want to continue working there. Your new title may get you better job offers.
This. I wouldn't make a huge stink about it especially going above your boss. You need to work in the role for a six months to a year to let that title mean something on your resume.
Posted on 10/23/18 at 12:30 pm to Flanders
As an employer I would need to know a little more about the details, but my suggestion would be to take the position and work hard for at least a few months before asking for anything. Perhaps they are losing on the front end while you go through the learning curve. Once you have grasped the position, and are clearly adding value to the company then feel free to negotiate a raise.
Posted on 10/23/18 at 12:53 pm to Hammertime
quote:
You never get a second chance to start with higher pay, and you'll always be getting paid less than others who started higher
Bingo. People telling you to wait a year to see if they'll follow up with a raise are out of their minds. ALL future pay increases are based on what you make right now and compounding is real. Here's some mathiness for you.
Let's say you make $4000 a month and take a "promotion" with a promise that in a year, you're going to get a ten percent raise for the job you're doing now. After that, you'll be getting a 4% cost of living raise every year. Let's assume you are in your 20's and work for another 40 years. After your 10% raise in one year and 39 years of COLA adjustments, you'll have made about $4.8 million.
Now, let's say you get that raise now and you're making $4400 a month with the 4% COLA every year. At the end of 40 years of the COLA adjustments, you'll have made about $5 million. By letting them frick you for a year, you're costing yourself $200,000 dollars, and that's if they make good on their promise in a year after they've already proven they have no problem fricking you today.
It gets worse. Every 10% raise you get going forward is a SMALLER raise if you wait that first year than if you got that first raise right now. As time goes on, the disparity in pay between if you get that raise now or forego it for just one year gets wider and wider. Pretty soon, you'll reach a point where the raises you'd need to catch up and close the gap are so large that no company will be willing to give them to you. All because you waited and the power of compounding showed up.
DO NOT let companies frick you over on pay. If they won't take care of you, find a company that is willing to give you a bump in pay and continue to give you regular COLA and merit increases. Never just let a company use you on a promise that they'll open up the pocketbook later. It's the power of compounding that can really screw you in the future if you think "oh, it's only a little while or a little bit of money". No, it's a LOT of money over the remainder of your working career that you're missing out on by selling yourself short today.
frick. That. Company.
This post was edited on 10/23/18 at 1:08 pm
Posted on 10/23/18 at 1:01 pm to Flanders
quote:
I have my answer..
No monetary compensation has been offered for the task of taking on more responsibility. I left the office for 30 minutes to gather myself and talk to someone I trust to steer me straight.
I got the same advice as the OT.
I am going to speak to my manager one more time and see if I can get him to see that this is unfair. If that fails I will call his immediate manager.
IF you change their minds and you do get more pay out of them, don't expect any more raises in your future. Take the job just for resume purposes.
Posted on 10/23/18 at 1:07 pm to Flanders
Just turn down the job. If they value you they will promote you with a raise and if they dont you keep slugging along at the job you had at the pay rate you had to begin with.
This post was edited on 10/23/18 at 1:08 pm
Posted on 10/23/18 at 1:09 pm to Flanders
You are letting people who only understand the "old contract" office environment influence you. Sounds like you work in a "new contract" environment. Your company makes it clear they owe you nothing. In return, gain experiance on meaningful projects. When your annual comes up this year, lay out your responsibilities, and why you deserve more compensation. Don't get emotional.
Posted on 10/23/18 at 2:33 pm to Flanders
Yeah... similar thing happened to me, but I'm in academia. I'm now a department chair. I still only make my professor salary, but I'm spending way more time handling administrative bs and less time with teaching prep/research. I'm supposed to be getting extra compensation and overhead funds, but it's been four months and so far nothing.
Best of luck to you, don't let your company screw you. Get the money you deserve.
Best of luck to you, don't let your company screw you. Get the money you deserve.
Posted on 10/23/18 at 4:26 pm to Flanders
Take your time!
There's no rush to make a decision here, much less to make a demand, or embarrass your boss by going over his head.
Take the job, see how it goes, figure out the right time to explain your position.
Tons of options in the future. If you spoil your name/reputation over a little pay raise, you're screwing yourself by pissing away the time you've invested in this company/industry.
Best of luck. And know this, some of the biggest pay raises are realized when you change companies, BUT you need experience to become valuable to the competition!
ETA: No matter what you think, or what you've been told, entry level positions that are stepping stones to inside sales positions are NOT that valuable, etc. Ease out of that, into your new role, be impressive and move on. (You're not as valuable as you think you are right now.)
There's no rush to make a decision here, much less to make a demand, or embarrass your boss by going over his head.
Take the job, see how it goes, figure out the right time to explain your position.
Tons of options in the future. If you spoil your name/reputation over a little pay raise, you're screwing yourself by pissing away the time you've invested in this company/industry.
Best of luck. And know this, some of the biggest pay raises are realized when you change companies, BUT you need experience to become valuable to the competition!
ETA: No matter what you think, or what you've been told, entry level positions that are stepping stones to inside sales positions are NOT that valuable, etc. Ease out of that, into your new role, be impressive and move on. (You're not as valuable as you think you are right now.)
This post was edited on 10/23/18 at 4:35 pm
Posted on 10/23/18 at 8:00 pm to Flanders
This is how bad managers lose their best employees. What a bullshite yet typical situation. Don't get any hope that upper management or HR are on your side. HR exists to protect the company despite what they claim.
Posted on 10/23/18 at 8:31 pm to Landmass
A promotion without a raise is not a promotion.
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