Annual Review coming up – how much can I ask for?

posted 3 years ago in Career
Post # 2
Member
454 posts
Helper bee

Ask for 25%, and back it up with numbers and data. If they don’t want to pay you your worth, you know you can get it elsewhere – and they do, too.

Don’t undervalue yourself!!! The worst they can say is no. Most employers worth a damn will respect you for fighting for your worth. They won’t fire you. And if they do, they’re a pretty shitty place to work.

You have the creds, you deserver +25%, and that’s all there is to it. LEAN IN 🙂 

Post # 3
Member
11454 posts
Sugar Beekeeper
  • Wedding: May 2009

Honestly, I’ve worked in a number of places, and I don’t think I’ve ever had an opportunity to negotiate my raise. It definitey does happen in some industries for some people, but that has not been my experience.

I currently work for a very small company, and I think my first raise there was about three percent. This year, I asked about raises, and the owners informed me that, although the company is profitable, it isn’t as profitable as it had been, primarily because we’ve added a number of new staff to position the company for the future. Because of this, I received no raise at all. That was very disappointing to me, but I specifically asked if their decision was based on my performance and they clearly told me that it was not at all related to my performance and that no one in the company was being denied a raise due to subpar performance.

It’s certainly possible that your company would consider giving you a 25 percent raise, but, that is a very large percentage as raises go. Also, in this enconomy, that type of increase is not necessarily something you can expect. I would ask for what you think you’re worth, but I would also set your expectations lower so that you’re not upset and angry if you don’t get what you want.

Post # 4
Member
662 posts
Busy bee

Have you asked around a bit to see how your company does raises? And is your direct manager on board? Often time your manager has influence but no control of your salary. It’s a HR issue that he has to deal with so better hope he’s on your side. 

I know for my company, what you’re asking is impossible. Vacation is definitely non-negotiable and my company has limits on increases. Officially my company only allows pay increases of 10% and promotion increases of 10%. When I went from one position in the company to another, I got a pay increase followed by a promotion in the same week but I was still forced to eat it and take a salary less than market value for a year. The same situation occurred with a friend from another department but his managers must have fought a little harder for him. Officially he got an unfairly low salary but he got a random mid year bonus to make his year end earnings fair. 

Post # 5
Member
1427 posts
Bumble bee
  • Wedding: November 2016

I would ask for it. Especially since you’ve earned your professional certificate. 

For my last 2 reviews, I received a 25% and then a 20% raise. You bring value to your company. I hope they notice it!! 

Outline the value you’ve brough to the company: your strengths and accomplishments and your goals for the upcoming year. I would also highlight any creative or process-driven projects you’ve worked on or are working on  

Even though you are nervous, try to put on a calm and confident front. They may already have a raise amount in mind for you so prepare for negotiating and don’t settle if you truly feel like you’re not getting what you’re worth. 

Post # 7
Member
518 posts
Busy bee
  • Wedding: October 2016

I’m all for asking for what you want in life, but I would recommend looking into your company policy on raises first. I would be a little embarrassed to walk in to my current HR office and ask for that large of a raise, because knowing the policies, they would probably just laugh at me. So just be sure you know what is possible and how the HR / raise system works. I guess it helps if it is a smaller company too, because they have more leniency. 

I work for a huge fortune 500 company and we have pretty standard but low cost of living raises each year, usually 1-3% based on merit. For example, a high performance review merits a 3% and low performance review merits a 1% raise for that year. Exceptional performance can be rewarded in a larger raise of 4-6% but that is highly dependent on the manager and HR. Even a major level promotion would only be roughly a 7-10% raise, so asking for 25% just seems like a LOT. But hey, I guess all they can tell you is no even if you do ask, so you really have nothing to lose. Just be prepared to negotiate to a lower number if it isn’t going to work out. 

 

Post # 8
Member
1181 posts
Bumble bee
  • Wedding: March 2017

Not knowing what you do and what’s standard for your industry, this is a difficult question to answer. Anything more than a 10% annual raise is unheard of at my company, and typically occurs at the same time as promotion. Standard is 3-5%, but depending on performance can be 0-10%. Personally, they would laugh at me if I asked for 25%.

In addition – the extra vacation should have been negotiated at the time you discussed your terms of employment. I don’t understand why women don’t negotiate and then want more after a short time. I also feel that you should have asked for terms around receiving your certification at the time you negotiated employment terms.

And no, they can’t fire you for it, but be careful in how you ask. If you come across as ungrateful, it isn’t usually received well.

Fingers crossed for you, but lesson learned on your next opportunity – ask for what you want up front!

 

Post # 9
Member
431 posts
Helper bee
  • Wedding: June 2017

I got a 20% raise this year because I took on a lot more responsibility.  I used an industry salary survey for my profession which will break down wage ranges by experience, industry, education, location. This was a very valuable tool in helping me make my case to the boss man. 

Post # 11
Member
2493 posts
Buzzing bee

I work for a small company, too (<25 employees.) I negotiated my initial offer up by $11,000 annually. I only got the company standard 3% raise at last reviews, but my boss promised they’d try to “get me more,” next round. So this year, I’ve decided to set up a meeting AHEAD OF TIME, to request a promotion that would justify a larger raise to the Board. I’m talking just adding Sr. to my title, nothing crazy. Of course, at that meeting, I’ll ask what extra responsibilites I can take on to justify the promotion and raise, but it should get the point across that I’m starting to feel under-valued and under-utilized, so even if they think a promotion is too much, they will still have the nudge to give me more than the standard this round. 

Watch a lot of youtube videos on how to effectively negotiate – approaching it with team mentality really helps me. I like to think I’m helping my boss to know how to best cultivate me as a productive employee. Clearly, if I feel under-valued and under-utilized, my productivity may suffer and I may start looking elsewhere, so I am using these meetings and talks as a way to get across the point that we can both do better to get me to where I need to be. 

Post # 12
Member
477 posts
Helper bee
  • Wedding: August 2016

Aside from the fact that it sounds like their hiring practices are inconsistent (yikes), I wouldn’t mention anything else about what other employees are making when negotiating. You shouldn’t know what anyone else is making, nor should they know your salary. But, because you already do, and if your business doesn’t have HR (or a policy on raises?) as you say, I would say you’re within your rights to ask for a reasonable (key word: reasonable) raise ,as long as what others are making isn’t part of the conversation. I work in HR for a large company, so the small business management is a little gray for me, but as far as your certification…is that something that they required? Is it in your job description that you have to have it? I ask only because unless your company has promised to compensate you for getting that certification, they’re not obligated to raise your pay simply because you’ve gotten it.

Post # 13
Member
1181 posts
Bumble bee
  • Wedding: March 2017

kbeexo :  I agree with all of this, as well.

I cannot stress enough: If you have expectations going into a new job about raises at a certain point, additional money for certain certifications, etc, you should negotiate that into your employment contract/agreement/hiring terms. Expecting another week of vacation because another employee, who was willing to negotiate and ask for it, received it is not valid. Most companies have standard vacation policies depending on your tenure with the company unless it’s negotiated up front.

Post # 14
Member
1363 posts
Bumble bee
  • Wedding: August 2018 - Banquet Hall/Conference Center

You definitely should ask for a raise and/or vacation time. But 25% in a small company? I don’t know what your industry is, but that seems insanely high given the new economy.

Post # 15
Member
641 posts
Busy bee
  • Wedding: May 2020

I received two raises this year, and it brought my salary to about 30% of what it was last year (again, two separate raises).  My company is about the same size as yours and I was also undervalued (and still kinda am).  It’s frustrating because I know how much new hires are making now and it’s considerably more than I did just a few years ago.

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