Hi Ladies, would love your advice here. My boss recently approached me a week ago about moving into a new role, larger in scope w/ global visibility, managing more people and in other countries, manage a manager, AND fill the gap in other problem areas. He's told me that I am the only person that he trusts to do the job and they have created this new role for me to help us get IPO ready. The only catch: no pay increase, no title change. What do I do?

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My best friend went through something similar. Talk about the fact that it's more responsibility and find a way to leave a number in your boss' mind about the increases you think are reasonable + 10%. Then get a commitment that this conversation be revisited three months into your new role. Stress your loyalty in this time of need, while also honoring the value you provide. Then kill it in the new role and make him feel bad he didn't give you that increase earlier.

likesmarthelpful

Equity at a minimum! They should be paying you for this role change but since you’ve not asked for title/wage increases previously, they probably think they can push you into this without compensation too. This “I only trust you” bit is manipulative. If that is the case, they will pay you for your talent. And the “we have to see you in the role first” is also BS. That’s not how it would work for an outside hire.

If they don’t pay you for it, don’t do it. They have the money. You sound like a kick ass employee and I’m sure there are tons of companies that would happily pay you for your talent.

likesmart

A raise should be on the cards given the extra responsibility so agree with other posters that there should be a review after say 3 or 6 months. Maybe also ask for a bonus or shares on successful IPO given your work will be key to getting that over the line. Good luck

likesmart

Sadly it’s always relevant

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25 year old me would have done it - old lady me won’t do it. Because I’ve been screwed over so many times.

likeuplifting

Agree. I did this all through my 20s and 30s. I'm 40 right now and embarrassing as it is to admit, this is the first time I'm really sticking up for myself because I know my value. I'm thankful for this community of support because I feel even more validated with every comment. Thank you to everyone for your guidance ❤️❤️❤️

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They need you. You have the power here. Don’t settle. Kind of sounds like your boss is too lazy/busy/insertexcusehere to do the work involved i.e. have the the conversations required to ensure you feel valued and are compensated properly. Start looking for a new gig, get some potential offers on the table and tell them you’re strongly considering a move.

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Fwiw— I got this same Bs run-around at my old company... no room for promos, lousy raises, increasing responsibility a s being told “I’m the glue” that holds the team together. I got a new job with a 50% raise, higher title, and a 40 hour work week.

They hired 3 people to replace me. They had the money.

likesmarthelpful

Congrats to you!!!

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You could say something like, "honored for the opportunity. I'd like to accept it, and to do so I need xx% salary increase and/or Xx shares. (equity is almost a better play here because you are showing your in it for the long hall and believe your work can make a difference on stock price). Be understanding that the comp increase might not happen right away due to admin hurdles, and may need to be a part of mid or annual cycle, but get commitment now and perhaps milestones to achieve between now and next review cycle.

likehelpful

Lady!!! You have your answer. He has the “power” to promote anyone off cycle. I see you have posted to many bowls about this situation — has ONE person told you to stay, accept, be quiet!?

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As someone who has experienced something similar plus has the insight of managing an organization’s P&L... there is ALWAYS a way to float a bit more money if it’s that important to them. And while it seems like this role would definitely justify an outright promotion, I’m sure you’d be much more willing to accept if they offered you something now. I had a female mentor remind me earlier on in my career...a company’s financial situation is not MY problem and it’s helped me to mentally put that onus back on someone else.

likesmart

You’re already doing a similar role 25%, he “only trusts you to do the role,” but they need to see you in the role first!? That’s not how it works. Anywhere else, you don’t get hired for a job and then they decide how much to pay you after a trial period. You agree to terms and then start employment. The dynamics of internal moves is insanity. They will squeeze as much out of you as they can and use every rationale known to humankind to avoid paying more for it. It sounds like they do appreciate your work, but it could also be a way of saying you’re the one they think they can get to do it with no pay/title change. I’d be skeptical even if they say they’ll review in 3-6 months because there will always be excuses. 🤨

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😭😭😭

Ask for equity too. A lot. Hey are screwing you out of IPO money, getting you to do the work of someone who probably would get an IPO package. Don’t do it. Your boss is trying to play on the relationship with you, show business, not show friends. If it wasn’t IPO could be different, but know on the other side of it your boss and others are going to make a pretty penny. Don’t settle for a thanks.

likeuplifting

Sounds like they are creating a new role. If yes, then what are upper and lower salary bands for the role and how does your current package compare to them? You should get something in return for extra responsibility.

likehelpful

They are creating a new role in the same salary band as the one I am in now but the requirements and expectations of the role are in the next level up. I'm in a manager role now, so the next level up is Senior Manager, and then Director.

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I would play hardball. And say that instead of taking a lateral and locking yourself into a yr in that role that you are going to hold out for a role at the next level and see what they say. Just let them know it’s not quite the right fit or the right time right now for a change. Why take on more ppl, more stress and more responsibility for the same amount of money 🤷🏼‍♀️

likehelpful

100% agree! I don't want to pass up a good opportunity and fighting fo what I think I deserve and what I think is fair.

likehelpful

In a similar spot right now, the advice here has been 💯. Go for it!! This time they need you more than you need them.

likeuplifting

Have you done research—possibly with a recruiter—to find out if what you’re being paid is fair market value? It’s always been helpful to have that information on hand when asking for more $$, even though the added responsibility alone merits a pay raise. Whatever you agree to regarding reevaluating in 3-6 months, make sure it is in writing. I’d also start looking elsewhere, even just for some perspective.

likehelpful

As a hiring manager myself, I have seen the pay bands and I know that we pay at around 75% of market. I also know that when HR and the comp team give out the bands to us that there is room at the top that they skimm off. For example, let's use $200k as top of band for Senior Manager. They will tell us the band maxes out at $180k or $190k.

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There’s always non-monetary benefits that can be negotiated, too. More vacation time, more flexibility, bigger office, better parking space, etc.

helpfulfunny

It’s true, but for this kinda level up? It’s not worth the extra work for non-monetary gains.

likefunny

No

likesmart

Sooooo OP — what did you decide?

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Any updates?

You politely decline.

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Do it for a year to get the experience then request role change and pay upgrade. If they say no then look for a new job.

A year is too long. I'm doing it for 3 months and if nothing happens then I'm leaving this year because I'll have vested 4 years with the company.

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