Started a new job a year ago, high performer. My manager suggested a promotion to Product Manager since that‘s the work I’m doing, but that would be a 50% raise. Higher ups decided instead to make a “new role” (not PM), that has no analog in the company and is hard to price via Glassdoor, etc. I feel like this is to limit my promotion salary to something like 10% from where it currently is. Is there anything I can do? FWIW: I have a PhD from top 5 program and am working in that field. Thanks!

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

If you are not emotionally attached to the company you work for currently, Interview elsewhere to see what other’s are offering. I do it sometimes to gauge my own market value.

likeupliftingsmarthelpful

Even if you are emotionally attached to the company, you should interview. Always be interviewing. The best time to look for a job is when you don’t need one.

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I would recommend letting them make the first offer. It is always best. Then counter with market re-search and have numbers available. If the role is exactly like a Product Manager, you can counter saying “in addition, this role is comparable to this type of role, and therefore, my counter is (shoot for the moon $$$).

There are no rules to a negotiation. And always remember, most negotiations generally start with the word “no”.

Good Luck!

likeupliftingsmart

Thanks!! This is all super helpful. It’s encouraging to hear that I should in fact shoot for the moon and not negotiate from the bottom. The fact that they proposed the promotion in less than a year tells me that I *should* be able to negotiate based on contribution not just title.
I never thought anyone could legitimately ask for a 50% raise, I’ll use these tips and make my case!

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If they don’t come close, start looking.

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^then use that for negotiation with the company you are at, odds are they will meet or exceed if you’re a high performer

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I agree with the above comment - if they don’t value your worth at the company, it might be time for you to look elsewhere if they feel you are only worth a 10% rise. If you look/ interview at other companies, and get an offer, you can always bring that offer you received back to your company (that's if you want to stay there) and let them know the amount, and see if they will match, that would be your answer or whether you should stay or leave...

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Yes you can. Companies just love to take advantage of people. I did the acting Brand Manager role for over 2 years, got tired of waiting and quit finally. Only regret not quiting earlier.

likesmarthelpful

Thank you for asking this question. I am going through something similar. Came in with two masters degrees and halfway through a doctorate program with over 15yrs of experience and have been performing at a very high level since day one. My boss was just given his role without needing any experience and relies on me to do almost everything. It's almost been two years and I feel like this next promotion is just going to be in a role that I have been doing already (and beyond). I have been interviewing and know that I should be making much more and plan to make that clear or else I am going to move on.

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So far so good! I should have a solid offer by next week. I am currently in Retail but have been applying to positions predominantly in tech.

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