Negotiating Salary

posted 1 year ago in Money
Post # 17
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386 posts
Helper bee

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bethrenae1 :  It sounds like you’re US based? While I am not in the accounting field, I have friends and family who are. Many of my friends are not getting hired without being a Certifited Personal Accountant (CPA). My best advice for you is to definitely call around, see if you can get interviews. I’m not trying to be pessimistic, but with what my friends/family have gone through, it’s going to be difficult without a degree. If you can’t get any interviews, even if your boss gives you a raise, I would HIGHLY consider going back to school. You can do a lot of it online/at night now. Even though your AA is in art, some of your credits will transfer. Since most colleges are liberal arts schools, you must take a certain number of credits in all fields, which is why you could probably still get some of those credits to apply towards your BS. I know the thought of going back to college sucks, I’m in graduate school so I totally get it, but it may give you more options in the event your company decides they no longer need you, or if you decide you want to move on to a better job.

Post # 19
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48 posts
Newbee

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bethrenae1 :  Hi Bee, just wanted to add my thoughts as I think I was in a similar situation just over a year ago. I do not have any higher level qualifications but had been working at this job for just over 3 years, on the salary I started at, which would have been more than others with no qualifications but nothing near my co-workers. I had been promoted and seen no pay rise so I went to see my boss. I had done some research first and printed out a job advert for something as close to my job title and location as possible. I then went through their list of requirments and expectations and other than the qualifications, I was meeting all the other sandards. I took 3 highlighters, red for the stuff I couldnt do – which was only the qualification, green for all the things I was already doing and doing well, and yellow for the things I knew I needed a little more practice with but was still doing. I showed him the pay advertised with the job and he had no reply other than yes. I showed him all the facts, how could he argue.

To some extent qualifications can be irrelevant, most of the time they just prove you can do something, but there are other ways to prove you can do it, like being successful in your job. If you are working to the same level as your qualified co-workers, why should you be paid less then them? 

Good Luck Bee, hope it works out for you.

Post # 21
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13951 posts
Honey Beekeeper
  • Wedding: November 1999

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bethrenae1 :  Is the newly created position in your area or in the area where the company’s home office is? They may take cost of living into account if it’s a more expensive city. 

I also want to caution you about job shopping and using another offer as leverage to get a higher salary. I work for a Big 4 accounting firm, and it’s common knowledge when people come and say “XYZ will pay me 10k more, will you match it?”, they will tell them best of luck with XYZ and end the conversation.  I know this tactic works for some people, but just want you to be aware that sometimes it backfires and they’ll just tell you to leave then. If you go this route, be prepared to walk.

Post # 23
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13951 posts
Honey Beekeeper
  • Wedding: November 1999

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bethrenae1 :  Sure, but base salaries increase over time too. When taking cost of living into account, your salary may be the same or greater. There are a lot of factors that go into salary. Does the new position require a degree? As someone who works in accounting, I can pretty definitively say that not having a degree is going to negatively impact your salary potential in the future. 

Post # 24
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297 posts
Helper bee

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bethrenae1 :  

Working from home is often consideried a perk or a nice to have, and isn’t usually part of the normal negotiating package (which includes salary, bonus, vacation time) where you work shouldn’t impact your salary and companies these days more often then not have at least some remote days.. the reason they allow you to fully work from home is because yourj job can 100% be done from home and they actually SAVE money by needing less office spaces for employees who have to come in..

So despite this being a perk which you appreciate it is by no means a part of salary and shouldn’t derease or negatively impact your compensation

It worries me that you from a total entry level position with no degree or experience ( I assume you were in a sectetarial role?) to a manager in only a year?!?! Thats a massive jump that doesn’t really make sense..

Either way you need to ask for a raise and have reasons WHY you deserve it on a personal level (have a list of achievements, projects you have done well, obstacles you have overcome etc and anything else that makes you a core team member) and also have handy things like for your exact role in similar industry x-x is the salary range to show your below industry..

I assume withut this raise youll be needing to find a new job and hiring/training someonenew for a company costs them money not to mention they will need to offer the industry norm if they hire someone who has the experience and didn’t just grow into this role which is higher already so you have a very good chance of getting the raise you want a deserve!

On another note, I highly suggest you do some sort of schooling..there are many companies where experience isn’t enough and you never know where you may be later in life where a degree with help you get ahead of other candidates..even its courses to get a certification not a full degree

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