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Hi all. I am trying to determine if I am being compensated fairly. I am a tax manager (about to start my second year as manager) and have been with EY since staff 1. I was promoted to manager in June 2020 (during covid) and received a 7.5% raise. The class above me has mentioned they received much higher raises during their promotion years. My base salary is now approx. 97K. Any insights would be extremely helpful. Thanks!
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If you're going to ask for $119, just round up to $120 or $125
Percent is irrelevant. Target an exact number. Glassdoor, big4transparency, CLA job postings in NY and CO are your friends.
This is going to be TLDR, but stick with me.
Compensation at CLA is closely tied to what sector/industry you serve, and compensation adjustments are reflective of revenue growth in your primary sector. Based on the sector I serve along with raises I historically have received relative to revenue growth, I would expect a $11,500 raise if I were to remain a Senior. Now according to CLA’s postings in NY, CA, and CO, Managers are paid, on average 34% higher than their Senior counterparts. My direct supervisor asked me to provide a salary number that I expect. Based on these two points, I am going to ask for $119,000, under the assumption that I am promoted to Manager. The math/logic that I am going to use to support my number is strong, but the only thing that I may not be fully considering is essentially going from the mid-point in the Senior pay range to the low-point in the Manager range, and I do not know how to incorporate that in.