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Need advice.I work as an IT manager. wife is prepping for a course and will not work for next 4 years.planning kids in next 1-2 years.I am about to finalize an offer from a consulting firm with 50% hike.current salary is just sufficient for our expenses but doesn't give much scope for vacation or saving. Current job is very relaxed and no stress.New job is consulting so expecting a bit of pressure.My main reason to switch is salary to provide for family. Anyone did a switch similar and how you felt after the switch
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Need advice.I work as an IT manager. wife is prepping for a course and will not work for next 4 years.planning kids in next 1-2 years.I am about to finalize an offer from a consulting firm with 50% hike.current salary is just sufficient for our expenses but doesn't give much scope for vacation or saving. Current job is very relaxed and no stress.New job is consulting so expecting a bit of pressure.My main reason to switch is salary to provide for family. Anyone did a switch similar and how you felt after the switch
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Great! Update your resume & LinkedIn with a higher title, change your status to “open to work” & let the recruiters flood in. If they aren’t willing to do a merit based raise or a match for a competitive offer, leave. It’s an employees market & it sounds like they definitely need you more.
This^ I literally just went through the same thing. I got a major pay increase along with the appropriate title. Fair warning—there will be a lot of recruiter traffic in your inbox. I was fielding 20-40 calls or emails a week. It only took 3 weeks to find the right position and offer for me.
Good luck!
A title change without an appropriate pay raise is a trap. They will never make it up to you, don’t take on assigned responsibilities without being compensated for them.
Agreed SUXD 1, I learned this the hard way. Held my current title for 6 months before I got a measly $5k pay bump that became active on April fools day of all days. But during that time, I felt like I still had to prove to them that I deserved the pay bump. It was toxic.
But lesson learned: if you get a title change and no pay with it right away, work it in a contract so they’re held to it. If they don’t, 👋🏻, and you’ll see the bump soon after.
Agree with SAD1. Take the title and start shopping.
Take the title but don’t forget the salary bump. Keep asking for it. Title and salary are two different things - they’ve made that clear to you.
Depends on the situation. How are sales going this year compared to past years? Is there added revenue that allows for a salary increase? If your firm has had a couple tight years, they may not be able to bump you yet, but compromising with a promoted title.
Look at sales figures and ask if it is reasonable to request a raise. If sales are down or statnant, then ask if the cultural fit is worth sticking out the rough patch or if you need to try and find greener pastures. Either way, your title bump is improvement.
It's nice to see an opposing view based in logic versus all the "jump ship!" comments
I would ask for a follow up review in X amount of months…. It would be unfair for you to wait an entire year unless they wanted to go higher than what they would pay you today with salary increases every year. Especially with inflation, you don’t want to be low balled.
Ding ding! Inflation is at 8.5% & for every 2 job openings there’s 1 candidate when it used to be opposite.
I didn’t really realize how much more I was paying at the grocery store until I went to buy a brisket for the holidays. In Jan of 2020 I paid $86 for a 12 lbs. brisket. Right now from the same place it’s $124.
Brush that off! Update your portfolio, networking, move.
I'm having the opposite problem.. I asked for more responsibility so that my career can progress and they just threw money at me to keep making other people's work look good.
I’ve been there. Was there another 3 years with multiple “title changes” but no salary bumps. It’s time to run.
Time to work on your resume and portfolio. Sounds like BS and if not they don't care enough to keep you or not in a healthy place as a company. Best of luck.
This is literally exactly what just happened to me. I asked for a new title which I got. Asked for a salary bump, and got a 4.8% one. Use the title to your advantage and get a big bump by going to a different company.
Mentor
Take the title and look elsewhere while you keep asking for the raise :) come with data and stakeholder testimonials to the table as that is harder to ignore vs. beliefs of opinions about your value.
Ask for a follow meeting to discuss salary in 3 months. But agree to everyone else you can start looking.
More responsibility on the same pay? Yeah nah. Take it and jump.