Disappointing annual salary increase
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Anonymous
Sounds like you're in consulting and probably pretty junior. Consulting has an insidious way of extracting a lot of effort from you without providing monetary compensation in return (at least at junior levels). You can approach it one of two ways IMO: 1) Continue to work hard but realize that you're not going to get raises commensurate with your effort. Instead you'll get a lot of valuable experience that you can parlay into your exit opportunity in a few years. 2) Work less intensely with the understanding that you may not get promoted as fast as you would otherwise, but that performing at anything about the 90th percentile has quickly diminishing returns anyhow. You'll still be successful, just not a rock star. Whatever path you take, be mindful of your mental health and protect against burnout. I've seen a lot of young women suffer from it. You hopefully have much too long of a life ahead of you to peak at this stage for the sake of ultimately unfulfilled promises. |
Anonymous
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Are you sure you are as good as you say you are? Had I made your salary at least once in my life, I would have been millionaire many times over. I have made over $40k only once in my life at salaried work, and I worked very hard.
I never had a raise. I was lucky if the business even put me on payroll and that the check didn't bounce when depositing it. I'm owed tens of thousands of dollars by employers that I will never see. Two zeros in SS statement even though I worked full time. I made them rich and then I figure I can make me rich. No need to fight over a raise. I work for myself now. Today I made $7k+. Some employers knew I had it in me, but instead of working with me, they chose to milk me. If you are awesome, go work for yourself and pay yourself with raises and all. |
Anonymous
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You sound like a baby.
I say that as as do you know all the variables. Back when I had a three person dept my average raise allocated was 3 percent. I had one guy like you was exceptional and I gave him 5 percent one year. He wanted more. But to give him 5 percent his two co workers got 1.5 percent each. Another time I took money my own bonus and gave it to him. We had an dept bonus pool. Finally although great he left anyhow. After he left I felt a sigh of relief. Although he was better than every one else he was exhausting asking for raises all the time |
Anonymous
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You need to jump around. Until 2022 i had spent eleven years at a job, dutifully collecting annual raises. Sure I was promoted 3 times in that time span, but the nights & weekends and stress were not worth it.
So I jumped around a bit. My comp package is 60% higher today ($300K) than the dutiful loyal job I left ($185K). That’s the game these days. You’re a company of one: You. That’s your brand. |
Anonymous
| Something I don’t see recommended here is to ask your manager questions. Totally reasonable to say “as i am clearly exceeding performance expectations of title x taking on the responsibilities of person y who was considered title z, i want to understand what are the criteria of advancing to title blah and what is a reasonable timeline that i can work against to close any gaps needed?” |
Anonymous
She should’ve jumped 2 years ago, good luck today |
Anonymous
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OP: How many years of post undergraduate degree work experience do you have ?
Are you just in your early twenties ? |
Anonymous
You are a sucker to take on someone else's job without a title change and raise. Sorry, if it's anything more than covering while the new person is being onboarded there needs to be an acting title and corresponding salary increase in the interim period. |
Anonymous
Yep, I am a sucker. OP here. I am in my late thirties. I don’t have a stunning career as most on DCUM have and I have also taken a few years off to be at home with my kids. Thanks for all harsh feedback - it was needed. |
Anonymous
| 5% increase isn't bad. What were you expecting? |
Anonymous
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I don't understand why OP thinks it would not be okay to advocate for herself ...
Who else will advocate for you? If you're doing more work and feel as if your responsibilities and workload have exceeded the level that a 5% increase would compensate, then bring it up. It doesn't have to be anything Earth shattering but it is a conversation that should be had. |
Anonymous
Stop with the pity party and go ask for more money. |
Anonymous
PP here and none of this is relevant. By the way, my spouse is the same age and makes $90K and didn't take any time off with kids so your career trajectory is fine. You just need to value yourself and your labor. Here's another way of looking at this. Let's say you hire a handyman for 8 hours and you find out the handyman is also a CPA. Would you feel entitled to divert him to doing tax work at the same labor rate? Hopefully not because tax work is higher skilled labor and commands a higher wage. Your company is doing the same thing, upgrading your work responsibilities without upgrading your title and pay. |
Anonymous
| What conversations did you have with your supervisor re pay when you took on this extra work? Trying to understand why you think you’d magically get a higher raise. |
Anonymous
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Do you have any leverage to push for a promotion? Another job offer?
Why are you working harder for the same pay? |