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What will be inhand salary?
Additional Posts in Salary Negotiations
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It looks like it’s your time to look for a new job. You can try asking for a raise by using real data and accomplishments. But you’re unlikely to even get 5%. Leaving for a new job can yield 15% or more. I got 30% more 2 times by leaving. And I got 40% more the third time I left.
Much deserved is subjective. Gain the confidence to evaluate your market worth and show that you are worth more than you’re being paid. Sometimes all you have to do is ask for a raise
Agreed - daily tasks and JD aren’t the only indicators for salary. Have a conversation with your boss about your desire for a raise and provide examples of why you deserve it (and do not refer to your co-worker) - if there’s push back, ask what you need to do to earn that raise and look to get a commitment from your boss to follow up on it - I.e., if you achieve x and y goals in the next three months, they will increase your salary.
Were they getting paid the same as you to start with?
There is always time for negotiation for a raise. You can make your case based on reviews, your accomplishments, and time invested, and ask for don’t. Do not bring up your coworker. Worst they can do is tell you no.
If you get a no, look for a new job.
I would also suggest looking for a new job. I know it's easier said than done considering the current market, but you should try and dedicate some time every day to find jobs that would be perfect for the range you're looking for and apply constantly. Ask for the raise nonetheless.
I would leave the coworker out of the conversation, but I would bring it up to your Boss that you want a raise. Make sure you are ready with all your contributions and accomplishments and why you deserve it. Sometimes it is a difficult conversation to have
Also, start looking for a new job…. Sometimes if you have an offer in hand, you can give your employer to match it. (Assuming you want to stay there). And sometimes you will be surprised that someone else pays way more than you are currently making for similar type work…
I’ve always had my largest increases by changing companies…one time I got a 38% increase by jumping ship…. Best move I ever made in my career…. I didn’t start out to change companies, but it happened and it propelled my career forward. It ended up being a blessing
I've been at my job 30 years. Started out as Cash Application and took a couple other positions at my employer for about 4-5 years and went back to cash application because that's what I like. Even when I wasn't in A/R they had me fill in for maternity leaves or when help was needed in other departments if I knew the job, but didn't receive compensation. I started at $9 an hour and now that wages have to be listed in job postings I'm finding out I'm being underpaid. I just brought this up and asked for a raise. My company doesn't pay top compensation anyway, but it sure makes you feel unappreciated when you've dedicated so much time.
It’s hard looking for a new job if you love the company’s benefits. But, you should look and also negotiate your current. If they don’t want to - you have to move on to a new job. They’ll never meet your expectations. But I’d ask if they think you’re lacking somewhere and need to work on it.
ASK FOR IT! Call a meeting with you manager. Show them what you’ve done that brings value to the company/your position. Your accomplishments and what’s they’ve praised you on during your reviews. You need to pinpoint areas in which you’ve excelled and gone above and beyond that have either saved the company money or added value. You don’t need to mention your colleague, it will come off as whiny - I’ve been here longer, done more work and have not gotten a raise at all. (Also, he probably just asked for one.) Last, have a number/range in your head that sounds right to you and your situation. Good luck.