#CareerGrowth #SalaryNegotiation #PromotionOpportunity #WorkLifeBalance
Are you faced with a dilemma of being offered a new position managing a team of 17 people with just a 5% salary increase? 🤔 It can be frustrating to feel undervalued and undercompensated for the increased responsibilities and workload that come with a promotion. But fear not, there are practical solutions to address this issue and ensure you are fairly compensated for your hard work and dedication.
The Problem:
My boss offered me this position about 9 months ago, but the change froze when I asked about the salary increase. Despite transitioning from managing 2 people to a team of 17, HR viewed it as a lateral move. Now, I’m being offered the same position with just a 5% salary increase, which feels insufficient given the increased demands of the role.
Solutions:
1. Negotiate for a Higher Salary Increase:
Don’t be afraid to negotiate for a higher salary increase that reflects the scope and responsibilities of your new role. Highlight your accomplishments, the value you bring to the team, and the market rate for similar positions to support your case.
2. Advocate for Additional Benefits:
If a substantial salary increase isn’t feasible, consider negotiating for additional benefits such as flexible work hours, telecommuting options, or professional development opportunities to improve your overall compensation package.
3. Seek Clarification on Career Growth Opportunities:
Discuss with your boss the potential for future salary increases and career advancement opportunities in the new role. Clarify the company’s policies and timelines for performance reviews, bonuses, and promotions to ensure you have a clear understanding of your growth trajectory.
Final Thoughts:
Ultimately, the decision to accept the promotion with a 5% salary increase should be based on your career goals, financial needs, and overall job satisfaction. Consider the potential for future salary adjustments, bonuses, and career advancement opportunities within the company before making your decision.
Remember, you deserve to be fairly compensated for your hard work and dedication. Don’t be afraid to advocate for yourself and negotiate for a salary increase that reflects the value you bring to the table. Good luck! 💪🌟
My boss offered me this position about 9 months ago, but the change froze when I asked about the salary increase. My boss told me that HR viewed the movement as lateral. I don't understand how they see it as lateral when I am transitioning from managing (partially) 2 people to managing a full-time team of 17 people.
Now, 9 months later, they tell me that they are offering me the same position with a 5% salary increase.
I am a little shocked because 5% is so little for me, considering that for this position, I need to be available on weekends and off-hours as it is related to IT. Currently, I also have to be available but only on guard duty. They tell me that in this new position, I have more room to increase my salary (I am almost at my upper limit in my current position).
Do you think I should accept the promotion with the hope of a bigger pay increase?
Some points to consider:
– In July, there is the annual salary review where we usually get a 2-5% pay increase.
– Last year, the company implemented a monthly bonus of 10% based on some certifications.
– Also last year, the company gave me a 3% additional increase.
Hell no
Refuse the promotion.
Ask to see the pay range for your existing postion.
It could well be lateral if your pay is aligned to a manager position, already. You don’t typically get more money for more direct reports.
https://www.inspireeduleaders.com/post/aligning-approach-with-expectations-navigating-the-dynamics-of-intention-strategy-and-outcome-in
Just say no.
Nope. 17 people for 5% more. No. I wouldn’t even discuss it. They sound very cheap… I would start looking. Remember the phase. Why buy the cow when you can get the milk for fee? I think it’s about something else but seems to apply here.
Hahaha no
Run
Is it moving you from a dead end to a position that you can lateral elsewhere for substantially more money? Might be worth it for a year or two with a clear exit in mind. Otherwise hell no
Leave!
I took a 7% increase to become manager from doing IC work 2 years ago. I was on the high end of my pay scale, and there is overlap between IC and manager pay, despite the additional responsibility of managing people. I pushed back on the initial offer but they said there wasn’t wiggle room because I didn’t have management experience before.
I don’t regret accepting the offer, but I am pushing aggressively to get to the next level of manager in the next couple years where I know there’s a substantial increase. I’ve learned a ton more than I would have if I hadn’t accepted the position and gotten a lot more resume fodder as well. The position also came with higher merit based bonuses and RSUs, so the overall increase has been higher than a flat 7% that my salary increased by.
Your situation may be different but I would think about where you want to be 5 or 10 years from now and focus on what will help you get there. If you can get there just as easily where you are, then stay. Otherwise, the short term pain may be worth it in the end.
Just say no. I would not do this for 5%, 10%, or even 20% more. I might consider it for 25% more. But 25% would be the minimum starting increase to get me to even think about such a huge jump in responsibility and work.
Accept and move to a different company.. during interview say you are making x.. or lil more than x which is the market rate and then you get a percentage increase on top of that
Hell no, I asked for about 25% when I had to manage 1 person.
I work for a fortune 50 company. All promotions here are 5% tops unless it takes more to move you into the new pay band. That is across the board from high level management to low level customer service.
I would take the promotion and title and use it to look elsewhere to a place that values you more.
They want your first management position to have 17 directs, or would that be your total organization? I have 7 directs and that’s a lot in my organization.
You can say no but that might get you on the naughty list.
You said your previous raises were 20-40%. If you’re already fairly compensated for the manager role for your market and you like the company it might be worth taking.
It might make sense as an item to put on your resume in a year or so. Management positions almost always require previous management experience to get. It’s a difficult field to break in to.
If you look at this as a ticket to a new career, then it might make sense to do.
No thanks
Ask for 20%, settle for 12% to 15%. No way in hell for anything less. If they wont meet you at at least 12%, don’t take it.
OR
Take it, build up that resume for a 1 or 2 years MAX and move on to another management position that will pay you what you deserve.
Do you believe your manager as far as lpay? your manager doesn’t make much more, you may have topped out what your current company can offer. Some companies underpayment their top people.
It really depends on your future plans. Managing 17 people is different from managing two people. It will open up doors for you. But only you can decide if you want to open those doors. If you take it, view it as one or two years and then jumping ship for more pay elsewhere.
Thanks for the offer. I will do it for a 25% increase. Not a dime less.
See you later alligator
Sometimes it’s better to take the offer, get some experience, and move out. That’s a very personal decision.
Nope
I would take it and learn everything I can while doing that position. Then, use that experience and title to jump to another company for higher pay.
They are trying to take advantage of you. Why would anyone want the headaches for a measly 5% more?
It’s a NO for me!
any title change?
You don’t negotiate pay by what your manager tells you they make or what HR says. You research the job market in your area via the many available online listings. In your research if you find that other companies are consistently offering more than you’re being offered then you politely negotiate based on those findings.
The other option would be taking the position to gain the experience for your resume then using said experience to get one of the higher paying jobs.
lol 5% doesn’t even account for inflation. Tell them with cost of living increasing so dramatically, this is effectively a pay cut and they can do better or find someone else
Fuck that noise
“no thank you , as the increased responsibility and workload does not seem to be sufficiently compensated I will continue in my current role with current responsibilities and workload”
Too low. Even assuming your compensation was fair before you should expect a raise closer to 15-20% for having so many more people reporting to you. Anything less isn’t worth it.
I’d take it, do a great job for about a year, and then leave. Any future company would take ‘they wouldn’t increase my pay for a lot more responsibility’ as a perfectly good reason for you leaving, and consider hiring you.
The experience is something you can’t lose, and you can take it anywhere.