first review coming up, negotiating for pay raise?

[ISHGoat]

The standard first year raise is 5k which is less than 10% of my salary. What are some tips for negotiating a 10k raise without coming off greedy?

[FatComputerNerd]

dirty knees

[navy]

Need more information on your job, contract, and personal contribution to the work...

[Godzuki]

"bitch i got kids to feed"

[BigNBAfan]

Tell them how your goals and the company goals align, why you are important to their future and what a raise will mean to you and the company.

In the past i've always showed how much profit i generated off of CPT codes and how that's progressed over the years.

[NumberSix]

Are you a minority of any kind?

[IcanzIIravor]

The standard first year raise is 5k which is less than 10% of my salary. What are some tips for negotiating a 10k raise without coming off greedy?

What industry are you in?
Do you have any significant jobs finished or awards given to you in the first year?
Any praise from customers?
Always ask for well above what you realistically think you can get. Be confident and have your facts straight to back up why you deserve a raise and one above the usual raise.

[ISHGoat]

What industry are you in?
Do you have any significant jobs finished or awards given to you in the first year?
Any praise from customers?
Always ask for well above what you realistically think you can get. Be confident and have your facts straight to back up why you deserve a raise and one above the usual raise.

Software consulting
Just got praised last night by another hot-shot consultant for my hard work. I bailed his ass out so hard, there was a sign-off due yesterday and I pretty much went ray allen on my team.
The people I work with (who are all "customers") love my work and frequently praise me and want "clones of me"
Gonna ask for 80k

can a mod please merge my two threads?

[Thorpesaurous]

Sounds like you should have a record of some pats on the back. If you've made any mistakes, address them first before they can be used against you as a counter, and address what you've done to correct them, and what you've done to prevent them from happening again.

10% is a big raise unless you were on some kind of trial period up to this point, and it was agreed that you'd see a significant jump. At least in my industry. 3% is cost of living, so I usually argue if I see anything below that. But I hope for 5% a year.

[Jailblazers7]

Software consulting
Just got praised last night by another hot-shot consultant for my hard work. I bailed his ass out so hard, there was a sign-off due yesterday and I pretty much went ray allen on my team.
The people I work with (who are all "customers") love my work and frequently praise me and want "clones of me"
Gonna ask for 80k

can a mod please merge my two threads?

Since customers love you, have you received any new business because of those relationships. If your company has received new projects/contracts because the customer wants to work with you, then that would be a very strong thing to bring to the table.

But honestly, I was in the same position as you and stayed patient. One consideration is that your time is billed to clients so it might be very difficult to bill you at a large raise if you don't meet some industry standard of X years of experience. That's the situation I was in so I took the 5% raise without much fuss and ended up getting paid a bonus 6 months later for my good work. Essentially, it was the only way they could pay more in excess of what the market rate for my labor.

[ISHGoat]

Just got back frm lunch

Boss lowballed me with a 4k raise, 58 to 62 and I countered with 80k, which is what i honestly believe my market value is

Im going to start looking for a new job because I dont think they will bridge that gap

[Jameerthefear]

Just got back frm lunch

Boss lowballed me with a 4k raise, 58 to 62 and I countered with 80k, which is what i honestly believe my market value is

Im going to start looking for a new job because I dont think they will bridge that gap
Alpha as ****
Go get em man.

[Thorpesaurous]

That's an almost 7% raise, and you're asking for an almost 38% raise.

A 38% raise just isn't going to happen. I thought you were shooting for 10%

[Jailblazers7]

lol jesus man, you went from shooting for a 10% raise straight to $80k? Do you actually have the data to back up that there is a market for you at that price or do you just "feel" like you should make that much?

I would be very careful about burning bridges here. You do not want your next employer calling your boss and the answer he gets is "yeah he's going to hit you up for an outrageous raise very quickly and then leave."

[hateraid]

Just got back frm lunch

Boss lowballed me with a 4k raise, 58 to 62 and I countered with 80k, which is what i honestly believe my market value is

Im going to start looking for a new job because I dont think they will bridge that gap

Did you consider anyone in a higher position than you and what they make? 80K is quite a bit of money. How much does the guy you report to make?
Personally as a former manager with the demand you've made I would consider you expendable and would source out someone who can do the same job for less. In all honesty it's pretty common in today's job market to find someone with your qualifications

[knickballer]

Lol, OP is alpha :applause:

I would definetely use the average market pay for your position as leverage. Maybe even bring up that you're goign to interview elsewhere and ask for X amount of dollars.

[ISHGoat]

Boss asked me to send him an email and basically put clearly into writing what my position is.

Im going to respond monday and ask for 73k and hope that they will floor it to 70k and we will all be happy.

Aslo just had coffee with my dad who i respect and look up to and he told me theres basically 0% chance they go above 65

Im pretty much gonna start job searching as if I was unemployed.

I agree that theres no way they will go from 58 to 80.

[ISHGoat]

That's an almost 7% raise, and you're asking for an almost 38% raise.

A 38% raise just isn't going to happen. I thought you were shooting for 10%

I honestly think that I was underpaid because I basically come frm the best program/school in Canada (u of t engineering) with good grades and tons of work experience.

I started at 58k and I already felt underpaid when I began. Towards the end of my first year it really felt like I was doing others people's work who make 6 figures. At 62k, which is what they would have me at, Id be a bargain right now and absolute robbery around the time of my review next year.

I wrote down the job titles, years of experience required, and salary straight from my city frm salary.com.

0-2 years averages like 60k
2-4 years 70-75k
4-7 years 80-90
7+ 100k

I dont feel its unreasonable at all to ask for 70-80k

Its not about % raise, its about me being paid fair market value. For 60k right now, youd get a new grad fresh out of university with barely any work experience.

[IcanzIIravor]

Just got back frm lunch

Boss lowballed me with a 4k raise, 58 to 62 and I countered with 80k, which is what i honestly believe my market value is

Im going to start looking for a new job because I dont think they will bridge that gap

I admire your confidence, but you have only been there a year. To think you would go from 58 k to 80 k in one year in a junior role ( I am guessing ) is a bit much. I wouldn't be the happiest with a 4 k raise, but that was more realistic than a 22 k raise. By all means look for a different job, but be realistic. How much actual experience in the field do you have? The degree is good, but it is actual industry experience that will help you until you reach the upper level.

[ISHGoat]

Ive been at my current place for 1.5 years, which is how long Ive been out of school. Before that, Ive had 4 seperate internships which I found independently for 4 months each, so Im close to 4 years in total experience. Right now im basically being paid like steph curry (not saying im the best in my field) for my services, they have me at a GREAT rate lol. At 62k next year at this time, it would actually feel like im being wronged

Matter fact, after second year when I interned at another bank I turned down an offer for 62k starting +stock options + tons of good benefits after I got out of school, but I had to be sign for like 3 years. I basically took the qualifying offer to display my talents and I wanna get paid now that my rookie contract is up

[Jailblazers7]

So you have 1.5 years experience, which would put you right around the market rate for your position at $62k. It's nice that you have the internships but years of experience means years of full-time experience. If you want to ask for 10% instead of 7%, then yeah those internships are an argument for why your 1.5 years is misleading. But bargaining as if you should be paid like someone who has been out of college with experience for 4-7 years isn't going to get you anywhere. That $80k range is probably the rate that newly promoted project managers get not junior analysts or whatever position you have now.

I think you need to be a little more realistic here. It's natural to feel like you are being underpaid but that's just part of being fresh out of college.

[ISHGoat]

So you have 1.5 years experience, which would put you right around the market rate for your position at $62k. It's nice that you have the internships but years of experience means years of full-time experience. If you want to ask for 10% instead of 7%, then yeah those internships are an argument for why your 1.5 years is misleading. But bargaining as if you should be paid like someone who has been out of college with experience for 4-7 years isn't going to get you anywhere. That $80k range is probably the rate that newly promoted project managers get not junior analysts or whatever position you have now.

I think you need to be a little more realistic here. It's natural to feel like you are being underpaid but that's just part of being fresh out of college.

I obviously dont expect my current company to bump me from 58 to 80 but I just threw that number out there because I want them to know I was being serious. Im going to take some time over this weekend to think about what I want to do and how much Id be happy making.

My thoughts at the moment is to ask for 72-73 so we can settle at 70. This has near 0% chance of happening according to my dad whos been in my industry for a long time. Going to spend the summer months studying and working on certifications because work is usually slower before I change jobs in sept/oct.

[Jailblazers7]

I obviously dont expect my current company to bump me from 58 to 80 but I just threw that number out there because I want them to know I was being serious. Im going to take some time over this weekend to think about what I want to do and how much Id be happy making.

My thoughts at the moment is to ask for 72-73 so we can settle at 70. This has near 0% chance of happening according to my dad whos been in my industry for a long time. Going to spend the summer months studying and working on certifications because work is usually slower before I change jobs in sept/oct.

Ok, that makes a lot more sense. It just sounded like you were really overreacting and moving too quickly. And like I said, maybe they only bump you up by 10% to like $64k but you get a $4-5k bonus between now and the end of the year. Their hands might be a little tied with what they can pay you as a base salary since your hours probably get billed out to the clients at some multiplier of what you are getting paid.

[ace23]

Software consultant? What exactly do you do?

[ISHGoat]

Software consultant? What exactly do you do?

Fancy title for coder/developer except we get sent to different companies like banks, government, big energy companies, and do whatever they need us to do

[Thorpesaurous]

I honestly think that I was underpaid because I basically come frm the best program/school in Canada (u of t engineering) with good grades and tons of work experience.

I started at 58k and I already felt underpaid when I began. Towards the end of my first year it really felt like I was doing others people's work who make 6 figures. At 62k, which is what they would have me at, Id be a bargain right now and absolute robbery around the time of my review next year.

I wrote down the job titles, years of experience required, and salary straight from my city frm salary.com.

0-2 years averages like 60k
2-4 years 70-75k
4-7 years 80-90
7+ 100k

I dont feel its unreasonable at all to ask for 70-80k

Its not about % raise, its about me being paid fair market value. For 60k right now, youd get a new grad fresh out of university with barely any work experience.

The problem is that employers have to control the rate of increase of their product, and handing out raises that large, even unfortunately in spite of the work being done, is often just not financially realistic.

[ace23]

Fancy title for coder/developer except we get sent to different companies like banks, government, big energy companies, and do whatever they need us to do
That's what I thought. Isn't Waterloo better than U of T for that?

[ISHGoat]

That's what I thought. Isn't Waterloo better than U of T for that?

It's close and it's debatable when it comes to pure computer science (Waterloo has the edge imp). But it's not even close in actual electrical/computer engineering. FYI I am electrical and any kid from my class can go to OPG or hydro one and start at like 75k. Interns made 33 bucks an hour there. Waterloo = silicon valley and Google hot shots

[ace23]

How''d you end up a software consultant with an EE background? You work with embedded software?

[24-Inch_Chrome]

**** U of T.

Good luck though. :cheers:

[Rockets(T-mac)]

It's close and it's debatable when it comes to pure computer science (Waterloo has the edge imp). But it's not even close in actual electrical/computer engineering. FYI I am electrical and any kid from my class can go to OPG or hydro one and start at like 75k. Interns made 33 bucks an hour there. Waterloo = silicon valley and Google hot shotsThis is about right. A lot of waterloo grads get jobs in Cali.

As for the topic, if you really want to making that kind of money, just look for another job, cuz it doesn't look like they will give you that much. A lot of my buddies do the same thing, stay at the company for 1-2 years get that experience and leave for a better company/salary.

[KevinNYC]

Aslo just had coffee with my dad who i respect and look up to and he told me theres basically 0% chance they go above 65

You probably should have talked to your Dad first.

He would have told you that no one was going to credit your internship experience. Internships are about getting your first job.

So you are a year and a half out of school and they are offering you 62K.

0-2 years averages like 60k

So they are offering an above average wage for your experience.

People who are calling you alpha don't seem to know about real world negotiations. You are acting like you hold all the cards and they have none. I highly doubt that is the case. The idea behind a successful negotiation is both sides end up happy. An unrealistic first offer can be read as insulting and make you look entitled. How tight is the labor market in your city.

[ISHGoat]

You probably should have talked to your Dad first.

He would have told you that no one was going to credit your internship experience. Internships are about getting your first job.

So you are a year and a half out of school and they are offering you 62K.

0-2 years averages like 60k

So they are offering an above average wage for your experience.

People who are calling you alpha don't seem to know about real world negotiations. You are acting like you hold all the cards and they have none. I highly doubt that is the case. The idea behind a successful negotiation is both sides end up happy. An unrealistic first offer can be read as insulting and make you look entitled. How tight is the labor market in your city.

labor market is very good in my city.

the thing is, my years since graduation is the only knock they have on me. I am good at a wide range of skills and I have even started my own company/website.

I feel like I can do things that a person with 3-5 years of actual working experience can do. I might ask him to reinterview me with the questions theyd ask someone more senior and see if I am worth the role