This is my fear. The last thing you want to do is be playing a game of prepetual catch up. If you don't try and make the jump to move up a bit now, you will be behind.
I was in this situation many years ago, being paid less than average. The new boss even promised to fix it for me but nothing happened after a while. It's hard for a company to suddenly increase your pay just because you were underpaid before.
So I jumped ship. You can bargain and negotiate but I think the effort is the same as jumping ship which usually net you bigger pay raise.
I think he is talking about my question regarding the Market Data Point, which I am assuming doesn't have anything to do with his meeting.
My bad, I missed that part. The difficulty with Market Data Points is that they are typically from the USA and (in my experience) very inaccurate for jobs in Alberta.
The last company I worked at lowballed me with an offer of employment. I declined the offer and stayed as a contractor. When I was asked why I declined the offer I stated I did not think they knew the market value of my position. I applied for some jobs with the purpose of getting an offer for the company to match.
Long story short, I start at my new job on Monday with a 30% pay increase.
In my career, I've applied for jobs and received offers. Twice my company has counter offered and I've received a promotion each time. It's like when you threaten to leave your cell company and then they offer you the really sweet deal.
My only advice though is to be prepared to walk if they don't counter. It's a calculated risk but has paid off for me in the end.
Go find what you are worth on the open market by applying elsewhere...
Get a job offer and if you still want to remain with the company you are with show the offer to your boss and let him know that you want to stay and that you think you deserve as much as the offer that you received was worth. Can't really argue with hard facts.
That way, if you are given the ultimatum to work for what salary they initially offered you, then you can always leave the for the new job.
That sounds like the worst thing to do. You'll maybe get the raise because you're needed for the time being, and then you'll be top of the "lay-off" list after that.
If you have another job offer that pays more, just take the new job. Don't inform your employer of it.
I have had success with being very honest and open about what I felt I was worth. As an Engineer all of the benchmarks are published so it is very easy to justify where you feel you rank in terms of the range and responsibility.
Rather than go out and get a job offer I think it is always more valuable to explain what you feel are worth and if they are willing to pay that you stay. If not you find a new job. If you go the match my new offer route you will always have to do it. If they aren't willing to pay you what you are worth now then they won't in the future.
I have had success with being very honest and open about what I felt I was worth. As an Engineer all of the benchmarks are published so it is very easy to justify where you feel you rank in terms of the range and responsibility.
Rather than go out and get a job offer I think it is always more valuable to explain what you feel are worth and if they are willing to pay that you stay. If not you find a new job. If you go the match my new offer route you will always have to do it. If they aren't willing to pay you what you are worth now then they won't in the future.
I think the salary survey is great, provided your company is a permit holder and they respect the guide. I am sure the larger companies adhere pretty closely to it, and I quote it if I am an interview and they want my salary expectations. I think usually the only way you'll see a major salary change is when you change companies though, otherwise it will be the typical cost of living type increases each year, regardless of any special performance milestones you might meet.
Perks and benefits are also important to look at. Maybe you don't get a raise, but extra paid vacation time or stuff are good too.
I went in today and used quite a bit of advice I received here. I thanked them for the position, but felt the compensation was a little low. I explained my reasons, and tried to back up myself where I could. If anyone is curious about that I would be happy to go into it.
It can be a little difficult, because in the office people talk, so you get an idea of what people may be making. Sadly, you could never ever bring that up in a negotiation. You have to present the argument with tangible evidence.
The whole meeting took about 15 minutes and will now be reviewed from the VP.
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Sounds like the right thing to do. I don't agree with the advice of going and applying elsewhere, not yet.
This was a good first step, it shows loyalty and a desire to stay there which should have them wanting to keep you.
If things still don't get resolved in the next while, then step 2 is go apply to other jobs. At that point, you've tried the loyal team player bit & it didn't work. Not much else you can do.
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