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So let's follow some logic here.
Starting salary = $40k
OP was able to live on starting salary, as challenging as that might have been
Proof is that OP is here to tell us about a raise
Raise = $15k incremental a year
Or = $1250 incremental a month
$1250 pre-tax is still over $800 / month after tax
In our industry many don't get raises or get somewhere in the 3-8% raise range
Why is OP not happier and strategizing next steps to get to $100k a year?
$800 "extra" a month can go a long way to paying off debt, investing, saving up for a down payment for a home ....sometimes when you think you got lemons you may have gotten apples
Finally someone that understands the struggles of junior level employees. If you are doing good work, you should get rewarded for it. We need more people like you @account director. Living off ramen noodle is not fun- I can name all brands lol
I'm struggling to get a raise to $40k. Fucking hell.
Really upsets me that getting a raise gets people upset. If it's entry level, what do they expect? If they don't like it, then move agencies.
@Arnold, you do see my title right? Did you read my post? I make $170k a year, since you decided to go there but thank you so much for the advice. I was talking about my awesome direct reports and junior colleagues. I don't have control over their exact raises and I hate when they feel bullsh*tted because I remember how it feels. And perhaps I should've clarified - I was referencing the raises that come with promotions. I was paid $45k for 2 years as an AE with no increase and when I was bumped to $60k as an AS (under market value), I was given the percentage line. It's a garbage way to justify paying someone under market value and I'm sorry that you couldn't deduce that from my post.
and Havas, you might've missed the point. this has nothing to do with not paying dues or not understanding salary ranges but don't BS them with inflated percentages to try to make them feel better about going from $1,000 a paycheck to $1,250.
at arnold I remember finding a stray paper in the copy room one day that broke my heart: I was being billed at $125/hour, and was making (at 60 hours/wk) about $12.50/hour
@Arnold the point is that we shouldn't be thrilled that we're making a living wage. In New York the jump to 55k means being able to drink without going into credit card debt. At 40k I was on a steady diet of rice and & beans and leftover meeting salad. We've all paid our dues and done it. You get by but it's not exactly living
Honest q - are agencies able to afford paying super junior talent more? They make a fuss like they can't but I don't read the budgets so idk, but then I see 150k+ salaries on here
Strat, yes. I think they can. I assess that mainly based on rate cards. And i know a lot more goes into those costs - administrative, paying C suite who aren't client billable, rent etc. but for example, one of my junior Account Execs was making $45k. She's billed at $155k per year to clients. I think the agency is full of crap if they say they can't pay her $10k more and not feel it. I'm billed at $400k per year, for context.
I fall into this category. I'm looking at a "possible" $5000 raise this year. Literally does nothing for me after taxes. Might as well sign me up for the Jelly of the Month Club.
Ok point taken. I will sleep on this ...that is kind of heart breaking
To be the devils advocate, let's not forget everything that rolls up to require those margins.. Rent, insurance, utilities, supplies, equipment/electronics, food, non client billable staff, non client billable expenses, new biz, company perks, interns, write-offs, etc.. it's not always so black and white as x% markup or margin by resource
Explains WPP's favorite move - title bump without a pay raise
Havas must be HR lol.
I vividly remember being on the receiving end of this line. I was a year out of school and it was my first promotion. I went from $27k to $32k (this was in 2004). I don't know what I was expecting, but disappointment clearly showed on my face, because my boss said, "Brand Director 1, you got the highest percentage raise on the team and you look like I just punched you in the stomach!" I look back on it now with a mixture of cynicism at the line I was fed, chagrin at my own naivete and lack of tact, and delight at the way I was called out.
I got a raise that was a $1000 bucks. I can't even describe the disrespect and disappointment I felt. I had a smile on my face, but my insides told a whole different story.
You gotta start somewhere. No company is going to approve a 100% raise
Yeah, I mean, i know how to do it and i've done it, it just makes me nuts how the try to spin this crap like we're all idiots.
If you've earned a raise, you've probably been there long enough to leave. Tell your next agency you make 65, demand 75