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Possible Title Bump - How Much of a Raise?
We have reviews coming up recently and I believe I will be getting a title promotion to more accurately reflect the level of work I currently do, but my responsibilities won't be changing much at this time. I currently make $60K. The national average for the new title that I will be asking for and believe I will be receiving is $80K, with the average in my area of the country to be $70K. Do you think I should ask for a $10K (17%) raise? Am I pushing the envelope too much? I have only been there a year and a half. But this may be my only chance to ask for such a large increase and really make a case for it for the next for 2-3 years (until our department grows more).
6 Comments
Anonymous
01/08/21 at 8:26PM UTC
Yes!!!!! Your are prepared with the market range and local realty, have been performing the job responsibilities, have proven yourself so absolutely bring up the raise AFTER you find out what the new title brings with it. Your company may have already determined you salary bump based on the same research you've done. In that case be gracious and just thank them ;-)
If they are a bit shy of your amount, share your research and request they consider your number instead. You might also pin down a timeliness to revisit your salary again since 2 to 3 years is a long time for a sizable increase. Make them aware of your commitment tied to your expectation of growing your Compensation as well.
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Anonymous
01/08/21 at 9:52PM UTC
There's no reason to be hesitant to ask so long as you know there may be a negative answer because of current times. You would know better what your company is going through right now. If they have been consolidating or laying people off, it may not be an option. If that's the case, I'd also discuss that - what will the growth opportunities be? Unfortunately with Covid it may be a little uncertain.
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Kim Roffey
Experienced strategist and consultant
89
01/08/21 at 10:52PM UTC
You should absolutely take the opportunity to advocate for yourself and what you're worth! I think pulling together a logical argument that outlines the data points you've found and the responsibilities you currently hold with how they map to the more senior title and salary band is important. Your company may well have done the same work, but in the event that they have not, you will be well prepared to make the argument in that moment. It's important to be ready for it so you can make the most of the conversation in the moment. If your company is doing poorly at the moment due to the pandemic, I think it's reasonable to, at minimum, have the discussion on timelines for getting you to your market value, even outlining a step ladder that gradually gets you there. Good luck!
1
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Rosann SantosEmpowered | Enlightened | Emboldened
45
01/09/21 at 12:03AM UTC
You have done your research so I would say go for it. AND I would also recommend to have some additional asks in your back pocket in case they counter with a lower amount. For example, if they say, we can only give you half that for a raise, come back with "ok, but I want 2 additional vacation days per year or I would like to be able to attend 2 conferences per year or I would like ot work remotely once a week" Those are examples. Think about what is important to you, your quality of life or career ambitions and ask for those things if they can't give you the straight up cash. Good luck.
2
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M Elizabeth IngramHR, administration, & benefits at work; mom of 2
471
01/13/21 at 11:26AM UTC
Definitely make the case but keep in mind that if your job responsibilities aren't changing, a title change isn't necessarily a business reason to get a major pay bump. Many businesses base pay on job responsibilities rather than titles so while you may be below market based on your new title, will you be based on your responsibilities? If you can, check that piece as well.
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Liz WanicCyber Intel and Dection Fusion Advisor in NY
29
01/17/21 at 4:26PM UTC
I agree with M Elizabeth's comments above. I think you're halfway there, having done the market research for the job title you're moving to. However, you should also compare the role descriptions of those positions at other companies with your current responsibilities. If they match what you're already doing, then be ready to explain that as added justification that you're currently compensated well under market. If they don't match, then I would still recommend that you ask for that raise, but perhaps revise your figure downward slightly or be ready to bring some additional justification to your negotiation.
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