Post # 1
There is a raise on the table for me. I asked what the offer is and was hoping to then think about it and counteroffer.
I have been instructed to show my cards first and have to go back to them with a figure. They have left it completely up to me to come up with either a dollar figure or a percentage. They will then either accept or counteroffer.
Would you ask for a percentage or an actual dollar amount?
If it’s a percentage, what do you feel is a reasonable number? I’ve been Googling and some websites say 10% is fair while others say anything over 5% is being greedy.
Post # 2
sunnyland : always ask for more. Show that you know your worth. I would ask for 10%. Worst case, they say no and offer you less. They aren’t going to fire you or say omg this girl is so greedy asking for that. But if you sell yourself short, then they will definitely low ball you and be happy to save the extra money because you never asked for it.
Post # 4
We need more details. Is this raise tied to a promotion or a performance review? Are you underpaid for your position? Have you done any research on current comp packages? Are you hourly or salaried? Etc.
Post # 5
I think it depends on how you are paid compared to others in your industry. Do some research to see where you fall in th range and make a decision from there. Whether it’s a dollar amount of a percentage doesn’t really matter
Post # 6
It depends. I was being underpaid in my role for the first few years, am excelling, and did massive leaps % wise.
50% raise first year;
23% raise second year;
6% raise third year;
13% raise fourth year; and….
I’ve switched to a commission structure this year rather than a straight salary. If my numbers are as good as last year (which I anticipate), I should see a 36% raise this year.
I would go high. Ask for 10% – they can say no. Are there other benefits you can negotiate? The year I got a 6% raise I got an extra week of vacation time.
Post # 7
Are you over or underpaid compared to similar jobs in your industry? Have you ever received a raise with this company? If so, what was it for and what was the percentage? How long ago was that? Is this a promotion, annual raise, COL raise, etc? I have seen people lose money by being overly confident they deserved a high raise, but plenty of people low ball themselves as well, so I think it’s important to look at all the factors and be realistic about your performance, market value, and history with the company.
Post # 8
What’s the context here? Seems a little strange the way you laid it out. How long have you been in this position? Do you get annual reviews? I’m guessing this raise is not tied to that process? It would be odd to say, congrats, you scored well on your evaluation….name your price!
Why are you getting a raise? Extra great performance, additional duties, company catching up to market, …???
Post # 9
You need to do some market research. Go to Indeed.com, Salary.com, Payscale.com, Glass Door, etc and look up the average salaries for your current title/promotion title in your area and compare. In general though, I would ask for at least 10% and they can always say no.
Post # 10
1. List your achievements as ammo
2. Be open about where you want to go with the role
3. Understand how much the role is worth on the market
4. Always ask for 10% more than you’d be willing to settle for
Post # 11
sunnyland : did you resolve this? I think a dollar amount often makes sense, but in the end what matters more are the above questions based on your rationale behind the raise. ALSO know your value, you might be getting vastly underpaid. This is especially true for women all because we do not advocate for ourselves enough.