3 ms·
find another job offer that is willing to pay you what you feel you are worth and then approach your CEO and ask for the raise stating why you feel you deserve
by mortdeus 8y ago
find another job offer that is willing to pay you what you feel you are worth and then approach your CEO and ask for the raise stating why you feel you deserve higher compensation. If they flat out turn you down, then state that you have another situation that is willing to pay you what you feel is fair compensation for your services but also state reasons why you'd rather stay working there.
If they still aren't trying to give you what you want, than say thank you for the great experience working there but you must go where you receive the most benefits.
Also its worth asking for compensation in vested preferential stock if you anticipate there being a substantial increase in the company's evaluation down the road. Though remember that you have to actually buy the stocks out of pocket when the time comes to execute your stock option. Which if you are barely covering your overhead now you should be careful anticipating actually having access to the money at that later date
- mortdeus 8y agoIts really not the CEOs job to ensure that everybody gets paid what is moralistically fair to the employees because he has a fudiciary responsibility to the share holders to maximize the return on their investment. What this means is doing whatever is necessary to retain valued employees and yet also try and make that profit to revenue ratio as high as possible on their quarterly report. Or at least make it look like that ratio will net positive in the near future. What this means to you is that if your CEO is actually willing to let you walk, assuming he's not bad at his job, you need to really consider whether they can afford to pay you (and everyone else for that matter) more while still being able to reach their quarterly goals. Thats why you might want to consider asking for stock options instead because if the CEO is focusing on increasing the companies valuation, chances are you can make even more money down the line. In conclusion don't just expect that a CEO who is negotiating hard with you, is only doing so because they are trying to cheat you. They might actually personally agree that you should probably get paid more but they probably feel that way about themselves as well. Stock is always the last ditch best effort to try and get the compensation you feel you deserve. Plus it reassures the CEO that they don't have to worry as much about losing you to the competition. At least not for a couple more years, and who knows. Maybe by then the company will do so well you'll be in a much better position to negotiate for a promotion.