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That is so out of touch. Cost of living has changed so much, and $58k does not stretch like it used to. Honestly, I would start quietly looking for a new role while you still have this one. A boss who laughs at a raise request is not someone who is going to invest in you.
". . .Invest in you." He probably won't, you're right, and thank you for being supportive.
You should not be asking for a raise “since your salary isn’t keeping up with the cost of living.” If you’re asking for a raise, it should be because you’re providing more value to the company in some way. Because you’ve grown your skills, because you’ve exceeded the expectations they had for you when you were hired, because your responsibilities have changed, because of something else. When costs increase for you due to inflation, they increase for the company as well.
Median household income in Memphis is $51k. For “non-families” (single people living alone or with others) is $38k (according to worldpopulationreview.com, which I know nothing about). So that would indicate that $58k is, in fact, more than enough to live on. But you might have to find a different place to rent, or get some roommates.
Others have said he isn’t qualified to say what you can live on. That’s true - but OP brought it up. If you bring up your personal finances in a conversation with your boss, then he’s entitled to tell you his opinion. Keep it professional. Don’t talk about your personal finances; talk about your value to the company.
Yeah, I was gonna say, 58g in Memphis is pretty do-able, then again it depends on what the job is, education, training- but as far as keeping up with the cost of living, 58g is more than most teachers make in larger more expensive cities- not saying it's right, but...
As long as the company you are working for has not increased its prices due to inflation it makes sense. If they have increased prices then you also should get an increase without adding ANY Extra value
QUIT AFTER FINDING A BETTER-PAYING EMPLOYER. HOWEVER, MAKE SURE THAT WHAT YOU ARE ASKING IS ACTUALLY EARNED AND YOU ARE NOT JUST ASKING TO ASK.
i will graduate on may 27th this year and i'm kevin tiburcio i'm 18 years old and i'm trying to get a job but nobody hired me and i try my best but it didn't worked out well i jut try my best
Next move is to find new jobs. No point to stick around.
Sounds like having you work there is expensive to him.
Verify your salary on Salary.com and show him, based on your position estimated cost of living from calculator.net.
I think you should look for something else or a company that values your work
I wouldn't complain, there are so many people who make less than half that and are still making it work, I wish I made that much!!!!
i was falsely accused 3x in succession after i commented that their "great idea" was something that the industry no longer practiced for at least 15 years. so i quit the job. and they made me sign a document to tell me to shut up about it if i wanted my last salary. i wait for them to pay it in karma.
Don't make it about the cost of living. Make it about your value to the company. How you deliver far more than the $58k you are paid. But be clear on your job's market value. You can always ask for a promotion. Show them you are willing and able to take more responsibilities and leadership positions. Then YOU become more valuable. Never make it about the cost of living.
Retire fam respectfully, Verizon is trash now look at the OSP y'all should have paired with all these cloud providers and EXPANDED THEIR OSP but instead Lowe thought he was going to build the next Facebook smh !!!!!!!!
I would look for a new job. I had a boss like that once. The cost of living is high. I just switched jobs three weeks ago for the same reason. I hope you get the answers you need. Prayers for you my friend
In my experience when you ask for a raise you mark yourself. In a good company, with good management, if you perform well, they will recognize your accomplishments and your effort by bonuses, yearly raises, etc. Good employees are necessary for the success of the company. A good company shares that success with their employees. If that doesn't happen then it's time to quietly start looking for another position.
one option is that you should lower your standards of living, move and rent cheap appartment, change your food habías or what you do day a day, because with that salary you got per year, is more than enough to live. A lot of people in USA and Europe survive with less
Your next move is to seek employment elsewhere. Should they try to counter after you drop your 2 weeks, politely decline.
Do not "ask" for a raise from somebody whose every interest is to screw you. Unionize and take the raise you have earned.
Gain marketable skills and find another job.
The market will pay what you are worth.
Take some time to research your competitive salaries. See what is being paid in the area for the same type of work. With that number and the consumer price index change for your area, you can go to your boss with some facts. If all that fails, go find one of the other places that employs your profession and start at 5 - 10% more than you are currently making.
AUTOMATION SYSTEMS SPECIALIST
ELECTRO MECHANICAL EXEC CONTROL
PROJECT MANAGEMENT
EVENTS MANAGEMENT
BUILDING MATERIALS AND AUTOMATION
NEEDS ANOTHER ONE LIFE PARTNER
I'd recommend staying at your current job because it's easier to get a job when you have a job. At the same time, I'd recommend beginning your job search immediately. Search for companies in your target industry that would hire your skillset, and backchannel to employees who work at each company. Don't tell them your current situation. Instead, ask for advice on how to earn a job at the company. When you ask for advice, you can also share a role that you see on the company's official careers page that in which you feel you would succeed. You might get lucky and have one or more employees forward you to a recruiter or hiring manager. I hope that helps!
Don't tell him about costs. Rocus on your output! How you add value and what the market rate is for the role. Then ask what pathway does he see to increasing your earning potential. Be prepared to start looking for a job because he might test your resolve. Push comes to shove secure and offer and request a counter to stay.