What's a typical ask for an increase in pay after being at the same company & position after 10 years?

6 Comments

1. AnonymousFebruary 28,2024 at 7:28PM UTC

   Have the conversation with data to support. You will need to provide reasons why you feel you are owed. You cannot lean into that article. It makes sense for that situation, but not yours, IMO. The times have shifted and that article would not have made sense pre-covid.

2. AnonymousFebruary 28,2024 at 7:51PM UTC

   You need to do some research. Don't go asking for a percentage but research on what individuals in your field, in your general location, with your experience and whatever else are making. Do your own salary survey. What are you seeing in when that info is included in job posts?

   My company budgeted for 4% raises across the board last year, some got more some got less. There were "one offs" if their salary didn't line up with what market is for their positions. We have had individuals approach us with outside offers in hand demanding more which has prompted us to do a deeper dive into make sure employees in that area are fairly compensated. (I'm in HR, but I do not touch comp, I leave that to an expert.)

   And yes, I've heard quite a lot that people who move around more frequently are more likely to substantially increase their earnings. I struggle with doing that, but that's a me thing.

3. Rosanna Raffaela PizzaFebruary 29,2024 at 7:31AM UTC

   Wow. Yes I was underpaid and pissed about it. Then I got laid off before I could broach it (10 years with an MBA and I was making less for doing way way more and more complicated as well than the other EAs who were lazy and taking unlimited days and supporting 1 person while I supported 15). Tie your efforts and what you produce. That is awesome. I would look at industry trends and try to get numbers of where you want to be and then use that as your target. But what are you going to do if they say no?

4. Peggie Arvidson * Career Consultant | Adoptee Advocate | RecruiterFebruary 29,2024 at 2:03PM UTC

   You're personally responsible for 2.75MILLION in profit a year? Excellent way to lead your LinkedIn profile and resume to look for a new job. The Forbes article is pretty spot on which is why recruiters are usually successful poaching...however, you need to be able to back up the ways you earned 2.75 M

   So, with your boss, he/she has no incentive to give you more than a rudimentary bump - as your history shows you are loyal (which is good) and not going anywhere.

   On the other hand, if you start job hunting (tough market so do it with the attitude that your new job is to find a job and preferably while you still have a job) and receive a valid offer (i.e., not just "we'd love to hire you" and no contract) let your boss know when you give your two week notice that you simply got an offer you couldn't refuse. If it's 50% more than you're currently making odds are they won't be able to match it -- companies have budgets after all -- if it's a few thousand, maybe they can do it.

   however, be wary of drawing a line in the sand without a solid offer - the boss may call your bluff and you'll be out in 2 weeks.

5. AnonymousMarch 1,2024 at 5:24PM UTC

   So you have basically been getting cost of living increases if that. IMHO you have either just met expectations or not been more vocal about what to do to exceed and get either spot bonuses (taxed differently than salaries) or promotions or other. You are now a part of the furniture. To get out of this rut you should consider looking around at competitive companies that might want your expertise or look to companies where your story is - no room for promotion where I am due to long term employees, and then move up to get to that next rung in the ladder. As an alternative if you can show in a linear fashion by way of data your importance (50% you reference) to leadership include your manager but also bubble it up to the next skip level- then you might have a shot of your true value to them. I assume you are in Sales or some sort of revenue producing role which might mean that they shift the value of your tenure there to what you produce and the commissions you make are how they are rewarding you. Nope, take your hot sales skills to the nearest competition and peddle them there if that is the case. Do not bash your current employer to others when you interview, make your wanting to leave about culture or other changes that make you want to seek new challenges. Whining to others will not do it. Good luck and yes ask for what you feel you are worth! Most women don't.

6. Linda kenikMarch 2,2024 at 1:52PM UTC

   Use salary.com to figure out what you should be making.

   Your manager's budget may already be set for the year, so broaching the subject instead with "what is my path to get to the next band in my job? Could we partner to get there this year?" Then you are helping your manager place the money in the budget for next year.

   If you are already doing work that is at the above grade, then do some research ( Salary.com, for example) and see what the market is in your area- for the work you are currently doing. Document what you are doing that shows your work should be valued at that higher salary.

   If you provide that documentation it will help your manager go to bat for you this year.

   If your manager is not willing or doesn't have the time to work with you to help you get those skills, then find a mentor / coach within the company who would be willing.

   Good luck