Post # 1
I’ve been at my company for 5 years, since it started and I’m currently making the exact same amount as when I started. There are only 3 of us, so I do a lot. Budgets, insurance, legal, accounting, property management, office management and a lot of management of our specific type of business we’re in etc. Literally anything that needs to be done, I do. My bosses deal with the very high level stuff and I do everything else. I obviously don’t manage any employees, but I do manage people who manage other people at our management companies if that even makes sense. Recently we’ve taken on a lot more projects so my workload has significantly increased.
Over the years, I’ve stuck it out with them and didn’t expect a raise since we were so new and not a lot of money was coming in. But now one of my bosses keeps saying we’re a growing company so we need to hire more people and it makes me feel bad that he’s willing to put more money into new people, but won’t give me a raise. I’ve also done some research on my position and I’m really underpaid. I do get small guaranteed bonuses throughout the year, but even including those, I’m still significantly underpaid.
I’ve also never asked for a raise because we were doing long term budgeting together about a year ago and he had originally put a 10% raise for me every year, but he deleted it right in front of me without saying anything. It was weird and I didn’t feel comfortable saying anything when it happened.
So do you think I am entitled to a raise? I know we are a growing company and know money has to go towards hiring new employees, but when is it appropriate for me to get a raise?
Post # 2
kristin36890 : I would absolutely ask for a raise, honestly I’m surprised you’ve stuck it out for 5 years without one.
Post # 3
kristin36890 : show them the research if need be. Tell them you love your job but are underpaid. See if they will match the salary info you found online.
Post # 4
kristin36890 : you should definitely ask for a raise! 5 years without a pay rise is a very long time. You don’t realise how valuable you are to them. You have nothing to lose by asking. Do you think they’ll say no? And would you still stay if they say no?
Post # 5
Absolutely! 5 years is way too long to go without a raise.
Present him with information on all of the ways that you contribute to the company (if you have numbers & stats that back that up, use them), your qualifications and the industry averages. Remind him that you haven’t ever received a raise, but you haven’t brought it up before because you were invested in the growth of the company.
You should also suggest a number – likely one a bit higher than you actually expect to get. 10% is considered a high raise, but the average amount that salaries are raised PER YEAR is 3%. It’s also more reasonable if your salary is below the industry average. I would ask for a 10-12% raise, and settle for nothing less than 8%.
If he refuses, you should walk because he’s taking advantage of you.
Post # 6
You were entitled to a raise 4 years ago. A growing company means they’re doing well enough to grow so they’re certainly doing well enough to pay to keep a.loyal employee
Post # 7
Speak up you’re being taken advantage of. The fact he deleted the 10% in front of you was probably testing the waters to see if he could get away with not increasing your salary, which he has. With your experience you could walk into a higher paying job I’m sure.
Post # 8
Yes you should ask! I believe unless a company is on life support, asking every few years is important! Take the data you’ve found, ask for one, if you don’t get one, look elsewhere.
Post # 9
You should definitely ask for a raise. Presently, you seem more invested in the company than it is in you. You have hung in there from the beginning until now which leads to the visualization of you growing with it. Not standing on the sideline watching. Go for it! And stand behind your words when you do!!
Post # 10
Yes, you should ask for a raise, but you need to be prepared with a more in-depth argument than “I’ve been here 5 years”.
Have you been doing the same amount of work with the same amount of responsibility for those 5 years? If so, then you can state your case for a raise that is in line with inflation.
I assume, however, that as the company has grown, your responsibilities have as well? If so, you need to show your boss your increased value since you started and lay out for him what you feel is reasonable compensation for the work you are now doing. You should also lay out for him the ways in which you would like to grow professionally over the next couple of years and how you envision your compensation reflecting that.
I’m sure that you *do* deserve a raise – but it’s not because you’ve been there 5 years. You need to tell him WHY your compensation needs to be adjusted to reflect your increased value to the company.
ETA: if your boss rejects your request to increase your compensation, your next course of action, assuming you don’t want to outright quit, is to inform him that in that case you will be reducing your workload and responsibilies to reflect the compensation, and drop off any responsibilities that you have acquired since that first year at the rate you were hired at.