At my firm the annual compensation call comes from one of the partners notifying you of your bonus and salary increase.

If I believe I am underpaid, when should I negotiate for a high salary? Should I thank the partner, and ask to schedule a follow up meeting in a few days? Should I mention right away that I am looking for a higher base? My ratings are always great.

My firm does not offer "bands", so it is difficult to know what colleagues are getting paid (I am using info from Glassdoor).

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Some variation of "thank you for the increase, I'm happy to see it. It's definitely a step in the right direction. I'm hoping to be at X job title and $X in the next year or two, so that's what I'll be working for right now."

That way when you hit them next week with a 1-on-1 discussion about goals and salaries they aren't caught off guard.

likehelpful

Love it, thank you D1. That is the info I am looking for.

Would it make sense to speak to your mentor or HR first? Not sure but the Partner might just be the messenger and not involved in the details of how they determined your specific base.

I believe our Partners determine base and bonus, but it gets approved by HR (and normalized across the firm). My mentor is fairly new so I go to them on several topics but haven’t brought up compensation before - that is a good suggestion. Just looking to see how people at other firms would go about this.

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