Could use some advice. I just had annual review, got promoted and the typical 14% promotion raise from what was a pathetically low salary. Talked with manager about how low my salary is and he mentioned now that he’s in control of our comp (he just moved to manager track), we can take a look and try do something at mid-year review. Would it be appropriate to bring salary back up before mid-year review? I’m getting contacted about external roles paying 50% higher.

likeuplifting
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Interview for those 50% increase roles and leave.

likesmarthelpful

Don't have even look in the rear view mirror. Do you think that a new manager is going to be able to right something that has been happening since before you both came along? How can another company come in that much higher than your current employer? Five letter answer, GREED.

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There’s no way they will go up 50%. Interview for those other roles and jump ship

likesmarthelpful
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Even if the role doesn’t excite you, the interview will be good practice. At the very least you might gain leverage for future negotiations. That said, if you’re completely uninterested, be mindful of your time as interviewing is a lot of work.

If you have a strong relationship with your manager, mentioning an outside offer as a market data point (rather than a demand) can be useful. Framing it as “just so you’re aware of the going rate, not to pressure you” keeps the conversation constructive. I’ve had reports do this with me, and I found the insight helpful because it armed me with the arguments needed to justify a big pay increase.

However, if your leadership is firm on mid-year reviews, bringing it up early may not change much and could signal you as a flight risk. A more effective approach might be to discuss your long-term growth and value to the company instead of focusing solely on salary.

likesmarthelpful

Curious, what do you consider pathetically low?

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Gotta be honest. I’d love to know the actual numbers you’re talking about. What makes it so pathetically low. 14% is something to be excited about so let’s get the real facts.

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Since no one else has pointed this out so far, I'll note that a 35% increase followed by a 25% increase is NOT a 60% increase. It is a total salary increase of 68.75% from the original amount.

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Be happy you have a job right now and stop complaining.

likefunny

A 14% raise from a job that is paying you so little you are being poached for 50% more is moving from underpaid to underpaid, so not much of a benefit, just less of a beating.

No idea what a "Business Associate" is, but a few things:

Nowhere have I seen such a thing as a 14% raise being typical.

Your manager's control over your comp is limited by what the company allots him.

Are those external roles for FinTech? The recruiters there are notorious for claiming super high total rewards, most of which turns out to be hazily deferred, and the companies never, ever come through.

likesmart

that big a raise is NOT uncommon for very low paying entry level jobs. I about crapped myself years ago when I got a 3% raise and a young woman in my office mentioned getting 15%, but she made like $25K to start so it was a huge increase for her, but still not exactly big bucks overall.

Well fwiw I really don’t want to leave and I don’t like that role being offered so more so looking for when’s the right time to bring it back up to get some kind of raise

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interview anyway. If you get the job take the job offer to the current boss and invite him to match it

likehelpful

You should not bring it up again before the mid year review. This may make you look like a whiner. You should interview for the other roles, even if you get an offer and decline it, it’s good practice. You might find, though, that a role that doesn’t sound good on paper becomes a lot more desirable when you start talking to people about it who work there.

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Interview for the higher paying jobs - because if I were your supervisor and you were to keep pestering me about your salary, I would want you to leave

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Go back to your manager and inform him/her that you would like to respectfully decline the promotion as you are not amenable to taking on the additional responsibilities without the appropriate compensation. You have to value yourself before others will value you as well. If you just accept this, then you are sending the signal that you either a) do not value yourself any higher - and/or b) that you are too afraid to stand up for yourself and as such are a pushover. You decide.

likeuplifting

There’s nothing your manager can do until the mid year review.

But you can interview with the other company and use the offer that they give you as leverage. Take the offer amount to your manager and ask for more than the other company’s offer or you will accept the other offer. If they don’t at least match the other offer then you can go to the other company.

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Stick there.
Instead of going to another company find more work during ur free hours.
Need job security don’t you !

likehelpful

Everything in life is trade offs. If you really love the corporate environment and what your employer expectations are then it depends on what makes your feel valued. Some people are motivated by money and some are not. Either way I would mention it a few weeks before the review but remember pay is part of a budget for the year. I would mention it again a couple of months before the next fiscal year budget if you don't get it.

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Really appreciate the insight!

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It's definitely possible that your new mgr can advocate for you. This happened to me last year. My new mgr actual came to me and said I was not being paid what I was worth - I knew it but didn't think anything could be done. She brought it to the attention of our VP and advocated for me. Sure enough he said absolutely - do whatever needs to be done this was before mid year review.

likehelpful

Wow that’s awesome. Thank you for commenting! Is there any more info you could share about the process, timing, anything that would help increase my chances of making this happen? Yours sounds like my exact situation

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Interview for those other roles. If you like your job, you can take your offer to your manager and ask for an equal salary or say that you’ll leave. If you don’t get paid what you are worth, it’s not worth staying.

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What's most important to you? Make that your goal.

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Read the book, "never split the difference" by Chris Voss, it's a good one for negotiating

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If you're getting offers for a 50% pay bump, your company will likely not match that. They'll try to get close to entice you to stay by minimizing the gain from leaving, but remember, your first loyalty is to yourself and those who depend on you to live.

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Give your boss a chance to make good on his implicit promise. If he does, you win. If he goes back on his word without a darn good explanation, then is the time to leave. But GIVE HIM A CHANCE FIRST!

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