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What’s your targeted OTE? With 4 years or experience I’d definitely apply at other companies. I’d be fuming had I not gotten a raise for 4 years. How is the salary for the new role 40K less than what you’re making now if it’s a lateral move?
Thanks for this! It’s because I’d be going from an associate level sales role, into an associate level professional role, internally. So the company recognizes it as a “lateral move” and would only pay me my base salary + a small annual bonus. In the sales role I would be making 30-40k more, but that’s all commission. Any raises I received over the last 4 years in the sales role were all recognized within the comp plan, not my base salary. I think that’s why I’m not happy with the lateral move position only offering to pay me a base that was the same number from 4 years ago.
I made a lateral move a few years ago although not with the company anymore I negotiated an 18% increase. Got 10% for the “move” plus an extra 8% merit. I was very lucky that the new FY was about to start…