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Picking up a new skill and becoming more productive is a solid reason to revisit compensation. If you can show some metrics indicating how it has made you a more valuable employee that would be helpful. When you negotiate, stick to the theme that you're a more valuable employee now than when your current salary had been determined.
Coach
Thank you! Appreciate this perspective
If the upskill puts you into an upgraded version of your role, you may as well suggest a promotion that places you in a new salary band. Sometimes asking for more money on the same role is impossible, just because employers may have an upper salary limit assigned to that role, so the next level up may be necessary to fully capture the value of the new skill. Otherwise they may be bound to just giving you the standard raise regardless, and may even have an interest in keeping you stuck just because you’re more efficient now at doing what you do. At one point, you may need to become a manager or a director to get more money, but the employer may not have a role open for you right now, or may want you performing work rather than managing it. Double check on those dynamics before assessing your raise or promotion potential and options.
Coach
Thank you! This makes a ton of sense to me
Revisiting compensation at any company is a complete joke. Just take those skills, certs and experience elsewhere. This used to be a thing 30 years ago, but now moving to a new organization is the only way to make big moves in salary.
Coach
That’s fair too. I am hoping to have some luck but if not will look elsewhere
I would definitely talk to your manager about your compensation. THere is never really a best time to bring up that conversation. But if you don't bring it up, it may never happen. Time to have a sit down with your boss.
Coach
Thank you! So true. I’ll remember this
This depends on so many factors. How long you’ve been at the organization, how long you’ve been in your current role, did they pay for the technical training, and what are the quantitative benefits you can cite that you’ve brought to the organization with this new skill.
If you haven’t been there long, recently received a bump, and they paid for the training I would highly doubt you’d be able to get an increase. Additionally, there’s certain fields like cyber where getting a new skill/certification is expected rather than celebrated like a huge achievement. However, if you’ve been there a while and there was a need outside of your role that needed to be filled and you went out and got those skills on your own, then delivered those skills at a high level then hell yeah you can warrant a bump and if they say no, I’d look elsewhere.
Coach
Super appreciate the factors perspective. That makes a lot of sense and really will think through before doing anything!
It’s hard but you can do it
Mentor
Yes especially if you’ve used it to improve your job and the company!