{ "media_type": "text", "post_content": "If you knew you were getting promoted and you think your company will offer a 10% raise but the market rate is probably closer to 20-25% raise, how would you go about it?", "post_id": "614e3a206fa3880025bea154", "reply_count": 13, "vote_count": 6, "bowl_id": "58f82c12c1ca28001625de38", "bowl_name": "Female Bosses" }

If you knew you were getting promoted and you think your company will offer a 10% raise but the market rate is probably closer to 20-25% raise, how would you go about it?

likesmart
Posting as :
works at
You are currently posting as works at

Get promoted and then move .

likesmart

Get the promotion. Be grateful and then have the honest conversation that you did expect a higher salary with these new responsibilities because of ABC. The market is hot right now so if you’re getting promoted that means you’re doing well and they want you there, but you deserve your worth so have a kind and honest conversation with some facts and see where that goes.

like

Don’t give an ultimatum unless you do have another role lined up then more power to you. But no one likes those. It really depends on your relationship with your manager too. If they are decent managers, you should be able to share your honest and fact based thoughts about your increased responsibilities and what that’s worth in the market today. And just give them space to figure it out, likely they’ll need to go back and check with Comp. Let them get back to you and decide what you want to do with the info. If your relationship is toxic, then get the promotion with the new title and you’d be in a much better position to job hunt with that new title.

like

Do you have an offer from another company? How soon is the promotion happening? Imo no reason not to take the promotion, get the 10% bump, and in the meantime search for another role.

likesmart

How about print comparabile job description with offers, or wherever you got that info and bring it to the negotiating table. Take the promotion but ask for more money and as proof use these print outs.

like

This would be my suggestion, too.

Move

like

Take the promotion, but ask for a compensation analysis to be done because market value is higher. Challenge whether they would offer the same comp to an external candidate. Chances are they don’t want to lose you bc they’d expend more resources sourcing and training a new candidate than just giving you market value.

like

My thoughts, I never fault an employee for valuing themselves but a few things to keep in mind. Be knowledgeable, meaning know the position/responsibilities you are taking on and do your research, provide documentation of the market, not what I've seen, just because someone feels they are worth it (not saying that is what you are doing). Also, understand total business picture, is the company financially doing well right now to support that type of increase. Also, be aware, just because we think the company is making a million dollars doesn't mean they are netting 1 million after expenses. Lastly, provide key insight into additional skills/assets you will bring to this new role which will add value and make or save the company money. Best of luck!

helpful

Is there any leverage u can use if u move right before promo, by saying ure about to be promoted?

100% take it for now, but don’t stop looking around - I tried to negotiate when I got promoted but when negotiating with HR, they let me know that their max raise for an internal step promotion is 5% regardless of what the market’s like at the moment. I received a market adjustment a few months after that reduced the gap but they repeatedly mentioned “internal equity” and how others coming in are receiving the same starting pay. There’s going to be other places out there who’ll recognize you later and having it on your resume just looks better now anyhow

Related Posts

Hi there! I’m being vetted for a position that I’d have to relocate for, they mentioned they’d pay for relocation. This would be my first role in senior leadership, and I’m just looking for tips on negotiating pay and other components of my offer letter. I’ve previously had an issue where I was brought in way under value, and it took 2 years to get a benchmarking raise. I just want to position myself highly upfront this time. Any ideas other than base pay I could and should negotiate? Thanks!

like

To those divorced / divorcing... is it bad not to finish a divorce without a lawyer especially if you are a male in NYC? I have been drained and I cannot afford anymore. The lawyer is happy to see the other side dragging the case and does not raise the issue with the judge when I tell him to.

like

Where can we check the milestone year? New at Deloitte, hired as Consultant with 6+ YOE. Wanted to know if I would be eligible for promotion next year?

like

Any good websites with promotion on Aeron Chairs

like

30+ single ladies: how do we lead better lives as singles? I’ve dated a lot of egoistic narcissistic jerks in the last few years. Losing hope that there are decent men left in their late 30s.. I want to have a meaningful life but don’t know if I’d be able to raise a child by myself. I don’t have many friends in the areas I move around for work. Dreading the day when I won’t have any support system. How should single women approach life in 30s when bio clock’s ticking and its all darkness..

like

How much does a home grown consultant at Accenture in Strategy and Consulting in Chicago typically make? Started at Accenture as a CDP analyst right out of undergrad for context, would hopefully get promoted at the end of this year. I currently make $85K. I am trying to get a better idea of what the consultant raise is so I can evaluate if I can afford my rent raise at the end of the year. Additionally, can this be negotiated?

like

What are the timelines for promotion within Deloitte GPS?

like

How do you ask for a raise when you know your CCO is going to start by saying he went above and beyond for you and really did his best. But you know you are underpaid.

like

How much raise (in %) can you expect in Deloitte?

like

How do you go about asking for more money when you were recently given a raise, but the person directly above you leaves the agency, so you’ll be taking some of their responsibility?

like

Fellow Deloitte people-- will a 83% utilization rate harm my YE? Up for promotion from BTA to consultant this March!

like

How many of us are here ? Raise your hand 😊

I'm a 2nd year SC..why does my promotion year listed as 2020? That's too long!!

like

Corporate practice - I leave my job for a top of the market raise - it would be about a 25 percent pay increase. Is it possible to ask for more money before leaving or would that piss people off?

like

Maybe I'm too much of a economist/ accountant but I don't believe the wage gap in the US is accurate. I believe it has more to do with career choices and the % of women who stop working to raise a fam

like

I’m in audit looking to be promoted to senior in July. Wondering if there’s any reason to stay at my firm for that promotion if my goal is to get away from auditing. Thinking I might end up in advisory or even pivot farther away from accounting in general. Does having that senior title on my resume matter?

like

Possible to get into PE as an associate if you take an A2A promotion?

like

Is the grass always greener. I’m super happy in my current job. I like my coworkers, I get to do the projects that I want, and I have an all around good support network. I have also built my reputation up enough to the point where I have a lot of flexibility and can control how I work. But sometimes it bothers me knowing that I could leave and get a significant raise. Reading fishbowl it seems like everyone chases money regardless of how happy they are currently

like

My firm’s support staff went through a shuffle and my former assistant got a promotion. I’m so happy for her, but was bummed to lose her as my day to day support. I was assigned a new legal assistant and we just are not vibing. Most recently, she changed my wording on something without asking. Has anyone dealt with this before? Any tips?

like

Whomstever among you was responsible for putting Nick Offerman in a campaign for JB Weld... you deserve a raise

likesmart

Additional Posts

Looking to transition from audit (senior 1) to senior consultant at another big 4. What is the salary range at the moment? Should I give recruiter a salary range?

like

Instead of endless free handouts to illegal immigrants, wide open borders with Mexico, D&I posturing and Juneteenth, this is what I would have liked to see: Appreciation for our Covid Essential workers, who just had the worst 1+ year of their life. Now this is a government that I can respect.

Post Photo
likefunnyuplifting

Hi Supremes, I have 2 Year of exp as Data Cum Ai engineer. I have 2 offers in Hand 1 from fractal another from Fresh AI startup (I'll be the third employee). Fractal role is Data Engineer where as in Startup I'm getting AI Engineer role. Salary : Current : X Fractal : X + 70% of X. Startup : X + 120% of X + Stocks As I'm in early stage of my career what should be my next step for good growth in long run. Ps : I know the startup founder very well.

Are there exit opportunities similar to b4 consulting in terms of comp, trajectory, pace, hours but without the travel? Not interested in local consulting firms like Slalom. Do mostly shared service

like

Has anyone done the Caesar Diamond status match and taken advantage of those benefits? I’m curious as to the requirement to unlock things like the Atlantis trip etc.

For the past week or so, I have been gorging on so much food with little to no exercise. I am giving myself permission to do this in the holiday season, so no guilt :) but I just noticed today when I was walking uphill, I was panting and breathing heavy, when this has never been a problem for me earlier! Please tell me this is temporary and I’ll get back my energy and lung capacity 😩

like

Is it really worth it? When I think about having a kid I get sooooo much anxiety. I fear: the extra pressure on a relationship, the cost, the decision to keep working vs quit the job, the possibility of the kid having a lifelong disorder, the physical act of being pregnant, the act of giving birth, not having any time for myself, making an 18+ year commitment, the kid turning out terrible & blaming myself, making all the decisions on how to parent, & more. Does/did anyone else feel the same?

likeupliftinghelpful

What is the worst thing you have done with a laptop provided by the client?

like

Hi there! I’m being vetted for a position that I’d have to relocate for, they mentioned they’d pay for relocation. This would be my first role in senior leadership, and I’m just looking for tips on negotiating pay and other components of my offer letter. I’ve previously had an issue where I was brought in way under value, and it took 2 years to get a benchmarking raise. I just want to position myself highly upfront this time. Any ideas other than base pay I could and should negotiate? Thanks!

like

Does Cognizant pay out at its bonus at 100% (cash and stock components) for Senior Directors? Joining as a Senior Director soon...

like

What is the difference between an Associate Consultant role (in MBB) vs. a Consulting/Business Analyst role (in McK/Big 4/ACN)? Would the former be a step up from the latter, or they are lateral?

like

Westin at Wilmington DE 👀 I see a lot of y’all working but once it hit 5pm. Everyone seemed to vanish.

like

What are MBB bill rates? Rough estimates?

like

Help estimating a non-traditional AD freelance rate? Deets: I’m technically a Jr. AD, but I pivoted to advertising after working in marketing + graphic design for 6 years. I’m nearly finished with portfolio school and my portfolio site was strong enough to land me a great internship where I’ve done client-facing work for big brands. Does this make a difference in what I can charge for hourly work? Or would it be considered junior rates regardless? Thanks in advance for reccs/advice! 🙏🏻

like

Anyone at MBB willing to chat to see if there’s a fit and potentially refer me? TIA

Microsoft Teams. Why?

likefunny

I’m a mid level lit associate. Headed out on a vacation tomorrow and feeling guilty leaving my case team behind who are all drowning. I know vacations need to be respected, but is it ok to feel this way?

like

Offer at growth tech company in SF/NYC: 135k TC (105k Base, 120k RSUs over 4 years, no signing) 2.5 YOE, offer would be for Sr. Business Analyst at Asana, AirBnB, Slack, etc. Take the offer if you’re current TC is 95k? Why or why not? Thx for the feedback

like

Amazon FLDP vs Gartner Consulting (post-MBA level). I am worried taking Amazon will close the door for consulting in the future. Amazon comp - 130k base + 80k sign-on bonus (~45k first year, ~35k second year) + 100k RSU (4 year vest). Gartner - 125k base + 15K EOY Bonus + 10k sign-on bonus. Do I pass on my hopes for consulting and chase the money?

like

So EY Advisory, Deloitte Advisory, Grant Thornton, etc have recently mandated 45 billable hours/wk, up from 40. Clearly this isn't firm-specific. Anyone have any insights on what's really going on?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal