I asked for a 10% raise after 6 years in this company and they've come back to me saying they can only do 4.5%. Should I pursue this further or is it smarter to just settle with their offer? I wish it was easy to just quit as retaliation, but I'm not ready for a year of unemployment for that. What would you do?

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Take their offer and look for a new job

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Just take their offer and look for a new job. The economy isn’t the greatest ATM with really tough job market .

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No criticism, but if you need 10% it would been better to ask for 15% if you had the documentation to show that’s what your role worth in the marketplace.

You should look for a new job. 4.5% is regular cost of living, and even that needs to be adjusted with all the economic turbulence the country is experiencing.

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Always ask for more than you want.
In this job market I would learn the lesson above and take their offer.
You can either start looking for a new job, or ask for a bigger raise next time to leave some negotiation room.

smart

Have you gotten other increases previously? Or is this your first? Was it for a promotion? Many companies are giving no increases, so in the scheme of things, while not enough. Like others say, take it and look. It is a very tough market, so you may need to bide your time. Breathe deeply; don't quit. Better days (and the raise you deserve) will come.

In this economy, I'd take any raise. My company never even considers raises and I don't get how that is acceptable.

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