Post # 1
Previously I started a few threads about going for an internal position that’d be a big jump for me (in position level and pay) and wasn’t sure how to go about negotiating the salary, especially since I don’t have the 5 years of experience that they ask for, or a finance designation, but I’m one of the most qualified people based on experience. I had a meeting scheduled with the person who’d be my new boss’ boss this morning.
I got an informal job offer (yay, but I’m not going to be super excited until I have an actual, formal offer in my hands!). Basically, they are creating a position for me…but it’s one step lower (Associate, as opposed to Consultant). She said she thinks it’ll be a better fit for my skills, but I disagree – the Associate job is more based on strategic planning (which is harder to me), whereas the Consultant job is more based on talking to people and making presentations (which i naturally excel at).
Regardless, it’ll be a huge improvement over what I’m doing now, both in responsibilities and pay, so I’m happy. Also, if a consultant position opens up, I will be able to move into it (although it depends on when there’s a vacancy – the boss said 2-3 years but you never know). 🙂
Those who were interested asked me to update them on the pay situation. This job is level 9 (I’m currently 11, the job I was going for is 8). That means the minimum pay range is 47-50, average range is 50-61, max range is 61-70. I’m making 40 now, and it’s supposed to go up to 45 next month.
How much should I ask for now? I feel like I should be paid on the high end because of my 5 languages (one of which they really need), and I’ll have to do the consulting for the French-speaking part of the country, so I’m doing some level 8 work. I was thinking of asking for maybe 63 to hopefully get 60. Does that sound reasonable?
Post # 3
Think of it this way, if you asked for a 25% pay raise at $45000, that puts you at $56250. 25% is a huge jump for an internal position, but not unheard of for external positions. A 10% raise at $45000, puts you near $50000. My guess is that you’ll see a formal offer with a salary between $50k-$55k. Does that mean you can’t ask for more? No. You can definitely try. I just wanted to give you some figures, and put things in a perspective for you. Do you happen to know any coworkers who made an internal switch? Maybe you can ask about their salary increase in terms of percentage?
Post # 4
@ChicFoodist: Are you basing that salary range off the consulting position or the associate level one they created? Because they did adjust the position title/duties, so I would expect them to adjust the pay. While you may speak 5 languages, are all languages relevant to the position?
Last year, I made a huge salary increase (25%) after an internal promotion. I didn’t have to do much negotiating and I thought their offer was pretty fair. I did not meet all of the requirement, but did a really good job in my previous position. I knew I was quailifed, but I also recognized that jumping above 25% is unusual and could be a hard case to make.
While I would say definitely advocate for yourself, I would encourage you to not get too caught up in the amounts and possibly fray any relationships. It never hurts to ask, but pushing too hard may not bode well either.
Post # 5
Oh, I guess I should add that the original pay range for the level 8 job was 60-65 minimum, 65-79 average, and 79-90 max.
Post # 6
@ChicFoodist: I would probably expect the middle range. I assume people making the higher end have been in the position for a while (or are extremely well qualified) and are on the cusp of getting bumped to the next level. That’s just my thoughts though.
Post # 7
It’s interesting how different the suggestions are on this board vs. another one that I go on with mostly guys on it. 😛 I am extremely qualified for this role – I’d even be confident taking on the consultant position because all my skills are a perfect fit. I guess I’ll see what they offer me first!
Post # 8
I’ve heard it’s good to wait out their offer, and if you’re happy with it, counter it with an extra 5-8k added.
We can offer you $10,000 for this position.
“That’s wonderful, but I crunched my numbers and I would need something in the $15,000 – 18,000 range.”
Something along those lines (think it was a bit more positively worded than mine is hahaha)
I don’t know, it’s a helpful tip to remember if you’re suddenly put on the spot.
I kept it tucked in the back of my mind during interviews, just in case.
But if you need to give them a number, decide on what you WOULD have shot for in the original spot, and do the same – tack on 5-8k! It’s an internal position so the worst they can say is “No” (I mean, still counter-offer any salary they give you in return)
I say high end of the middle range… it also give you room for raises if the next position is open 2-3 years down the line – because what if it takes longer?
Then you can plan your attack for your next promotion!
Anyway, congrats and good luck!
Post # 9
I’ve been reading your threads, trying to gain some of my own courage to counter a raise or start looking to move forward in my career. Thanks for being so open.
Post # 10
@marierose: Oh wow, you’re very welcome! My SO’s been telling me for months now that I’m being underutilized and that I should switch jobs or, at the very least, ask for a raise. I asked for a raise and my bosses have been dragging their feet for months, even though they agreed that I deserve one. So I started looking elsewhere.
Along the way, I borrowed an ebook by Suze Orman and something she said really resonated with me. She said that women are uncomfortable asking for money even when they know they deserve it, so in the long run they end up making MUCH less than men with equal experience and qualifications. Everyone owes it to themselves and their families to go after what they deserve. She advises asking for a raise annually. If the employer starts going on about how crappy the economy is, she suggests getting a written agreement to review your performance in 3 or 6 months and getting that raise if you’ve proven yourself. If you work for someone who refuses to give you a raise for 2 years in a row or more, it’s time to start looking elsewhere. I was approaching the 2 year mark when I first started looking!
Post # 11
@ChicFoodist: I once told my boss one time that I was going to start looking for new work and she looked all panicked and said they could talk again about my raise.
Sometimes when they know they NEED you they just assume you’ll stay but when the chance of you walking away freaks them out enough they’ll usually do what it takes to keep you (if they can)
telling your employer you’re looking for a new job can backfire though. This depends on what relationship you have with your boss. But might be something you’re interested in.
Post # 12
@Laurenskii: Well, I saw the VP & Head today and she said that she’s going to do a reference check with my branch manager (because of bureaucracy – he’s not actually who I work for/with directly every day), and if that conversation goes well, she will send me a formal offer next week. So I talked to the branch manager to tell him, and to let him know to expect this call. He was surprised but said they’re here to support what I want to do, but he said I need to tell my direct bosses myself, so I did.
They were very gentlemanly about it, as I knew they’d be! They did request that I stay until the end of RSP season (end of February) but I know boss lady is not gonna have that. 😛
So I’m very relieved I got that over with!
Post # 13
@ChicFoodist: that’s great! It’s wonderful when people support others growing in their careers!
Post # 14
@ChicFoodist: Speaking from my experience, no one gets hired into the high level of the band. That would mean they are hiring an overqualified person, which they don’t think you are, and that there’s no development/raise opportunity. Even the lowest band is a big jump for you so I would see what they offer and negotiate from there. You don’t want to shoot yourself in the foot asking for huge sums of money.
Post # 15
@ChicFoodist: Congrats on the offer! I say ask for the max! If you think you’re qualified and “worth” that much, then go for it.
While 15k is a big jump, when it comes down to your paycheck, it’s not going to feel like much. Go big or go home! Don’t sell yourself short!
Post # 16
@Laurenskii: @MrsWBS: Thank you! 😀
@MrsPanda99: I don’t think it’s a big jump – I’m making 45 now and the minimum range starts at 47-50. But I’ll just see what they toss on the table first. 🙂