Any actual advice on how to successfully get more money from this company. I know most of you will say to leave/find a new job but real advice will be welcomed.
7 replies (most recent on top)
I think you just need to go up to your leader and pull a Rod Tidwell (aka Cuba Gooding Jr.) in the Jerry Maguire movie and yell out in a demanding voice "Show me the money!"
Lol
@e7 No disrespect intended to this poster but I would be careful as to this advice. If there were any leadership roles open or soon opening and they already were very enamored with you and your potential to be a leader, your department’s VP would be suggesting to your direct leader to have a conversation with you to see of that was something of interest to you.
If you have to reach out to them, it most likely means you have been “pigeonholed” for your current position.
And by you reaching out to them, having to ask, all you then accomplish is putting a target on yourself as someone who is discontented in your role. Which then may cause them to consider putting your name on the RIF list when leaders are asked for that.
I would start a conversation with your manager about advancement opportunities within the department and see how the conversation goes. Phrase like you want progress in your job verses looking straight up for more money. See how you are perceived, if they just don't care then you know you need to look for a new job... either internally or outside the company.
Don’t even bother. Most orgs have a pay freeze right now. Got denied recently, asked for it months ago when there wasn’t a pay freeze, manager and director approved it and HR sat on it until the pay freeze was in place to give it a no.
Fail up. All the big money earners have figured out this trick. Asking based on merit will get you standard raises. Learning how to point fingers, make excuses and be around the high profile work without actually doing any of it will get you what you want.
@a1 I agree with this.
Most people when they want a substantial pay bump to help with bills is thinking along the lines of 10k-20k.
But companies nowadays IF they are generous, in their minds, might give you 3% raise one year, then back to 1% or no raise for years after that.
Therefore, if you really want a substantial raise, you have to get it by negotiating during hiring process.
Oftentimes, when we start a new job, we know our learning curve is starting all over again. So, we feel like our self-worth as an employee should be lower than we want and need…thinking that once we get in and learn and prove our self-worth, THEN AND ONLY THEN do we have any right to ask and expect more. And we naively think that once we do prove ourselves that our employer will recognize that and in turn reward us as such.
Well, newsflash, HR and hiring Managers know when they are hiring someone that they have this thinking and they use it to their advantage to get you in on the cheap and once in, they will never give you a big bump, unless you move departments and smartly negotiate for much hire pay at that time. Sometimes you have to turn down the position before they give in and give you the higher pay.
Anyway, point is, when being hired you need to consider, not what your monetary worth is on day one, but rather what your monetary worth to the company will be at say 6 months to a year, once you have been trained and broken in. THAT is the amount you should be negotiating for!
Depends on how valuable they deem you or your position within the company to be.
If they see you as an expendable peon, the only time you really have any leverage to get more $$ out of them is when negotiating pay during the hiring process. Give them a much higher range/bonus expectation than you think is reasonable, then meet them "down" to what you'll be happy with.
Once you're in, you're more at their mercy, have less leverage, and sort of have to take whatever they decide to give for raises, bonuses and extras, no matter how paltry. You can show all the metrics, state your case for getting more $$ til the cows come home, even if your boss goes to bat for you (or says to you that they do). Bottom line is, they'll hold back on giving generously, because that's just how things are done these days.
The only way to really get a significant bump in salary & perks is to land a better paying job somewhere else.