4 ms·
Being unable to get a pay raise from your current employer often boils down to one of two reasons: 1. You're not negotiating effectively -- a skill you can imp
by elric 5y ago
Being unable to get a pay raise from your current employer often boils down to one of two reasons:
1. You're not negotiating effectively -- a skill you can improve upon
2. You're not worth as much as you think you are (e.g. low margin industry, company doing poorly, part of a low impact team etc, or maybe you're just not very good at $whatever skill the company needs).
Only #2 is a good reason to jump ship and try your luck elsewhere. Over the years I've learnt how to negotiate a fair remuneration. It's not easy, and it can definitely be uncomfortable at first. But in the end, it's totally worth it.
- tobyjsullivan 5y agoI've played the "salary band" game too many times to believe this. Let's tie your salary to your title so that we have to promote you before we can pay you more. Rather than, say, having salaries reflect the actual market and having titles reflect people's actual roles in the company. The only blame for being underpaid that falls on an employee is staying somewhere they aren't valued longer than they should. We owe it to our families to get paid what we can [sustainably] earn.
- sangnoir 5y ago3. Salaries for those already on the payroll are not subject to competing offers, and employees likely have outdated information on market salaries, and almost always "anchor" on their current income. Employers have a some competition when hiring, and are subject to some market forces on compensation (including "price transparency" on offer letters). In the current environment, you're almost always able to get a better offer compared to any raise offered. In most organizations, a manager expends less political capital justifying a salary band for an open position vs. advocating for a raise.