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Additional Posts in Salary Negotiations
Any work or use to work at Chartwells K12
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Subject Expert
Not while so many people are unemployed and can easily replace me. Hard pass.
Subject Expert
Go for it.
Honestly, with the way the economy is going right now, my priority is just keeping my job. There’s a lot of insecurity and instability right now, and I’m not trying to make waves by seeming difficult. I’ll reevaluate next year, but this year is not the year to start making demands, for me personally.
Mentor
Is the reason because of how the company is doing? Or, is it really because of the economy? Or both?
I kinda already did, with rousing success. Manna fell from heaven, rose petals swirled, and green lights on my commute home.
Obv sarcasm.
I had a talk with the CEO and President of the company. I laid out ideas and solutions that are killing us. I have a rebranding package in the wings to update us into the 21st century. There’s no structure around product launches. We spend a huge amount of marketing spend on print catalogs that look virtually identical to the ones over the past 15-20 years.
Radio silence. And yes, we touched on salary. I don’t expect my salary to be doubled, but there needs to be significant compensation for my skills and experience. A 3-5% bump would be insulting.
Mentor
3% is our norm here. Sad. But it’s reality. I would love to have things fall from heaven and be really good. Lol
I do have one eye on the crumbling economy, I must admit. But I plan to make a case for myself and try to secure a raise. I've done some good work over the past year and I might as well put that forth and demonstrate my value to the company. If the raise gets denied, or lowballed beyond all recognition, at least I will have made credible case for my worth.
Mentor
Truth.
I am perpetually looking to make sure I’m at my market value, when you’re fairly paid you cannot get 20% more by moving internally or 30% externally and need to wait until you can. At my current level I’m 34 and around 420-450k and I am not qualified for the next level that pays $550k plus yet so I’m stuck and I get a lot of external offers for $360k plus so I’m where I belong unless i move to big tech where I can make more but I’m happy in banking at the moment.
This isn’t meant to be a humble brag but an example, and it isn’t as long as you’re happy but as long as you’re getting paid your market value. Assuming you’re not working for a nonprofit.
In each sector your skillset has a different value, like let’s say you’re a software engineer. In a video game development company they may value you at $80k a year
The same person in a bank may be worth $250k a year and then worth $450k in FAANG.
It’s important to know your value in the different groups and to make sure you are being paid fairly in your sector for your skillset.
I plan to ask for a promotion. Never short changing myself regardless of the economy.
Mentor
That’s great! Very motivating.
Mentor
Negotiate what with your current job? Salary? It’s really not easy to negotiate that kinda stuff with your current employer. Those negotiations should always be done at the time of offer. If you want more now, you’re better off looking for a new job, getting a new offer, and leaving.
Mentor
Yeah I was speaking of salary. Or it could be PTO. I think it’s harder to negotiate PTO if you’ve already started. But salary should be okay to negotiate.
I am planning to try with the understanding that I really want to leave anyways so can’t hurt to try
Mentor
I see where you’re coming from. That’s good planning if you’re trying to move on anyway. Or seeing if there’s anything that’s going to make you want to stay