What is an acceptable amount of money to ask for in a pay raise?
If you were to come to my company and apply for my position you would be told that the pay is from $16-18 an hour. I think everyone actually starts at $16 though. I put in my resignation yesterday because my director is refusing to give me a pay raise. My immediate boss doesn't want to lose me. He asked me to come up with what my minimum accpetable would be so that he can take it even higher than the director to keep me. I told him I wanted my regular annual raise (3%) and an additonal $1 per hour. This will take me up to $17.50, the way I see it if that if the company sees me as one of the best in my position and a valuable asset I should be getting paid on the high end of the curve not the low end. This is my first civilian job (prior military) so I'm not sure if this is a silly way that i'm looking at things. Right now our company really does need me and I realize that, but how can i trust my company if those that run it aren't looking out for me right? Well, that was the LEAST I was willing to accept. I told him I wanted to be making $20 an hour, but he said he'd start at that amount and wanted to know when it would no longer be acceptable to me so I said 1.50 Well, I realize that everyone is replacable, but I also know that it takes a lot of time, money and effort to train someone. my director told me that I accepted my job for the pay I was offered and I countered that the responsibilities and workload have changed so with that I want to be compensated for my extra effort. Yes, the military we only got about a 3% payraise per year, but I was bringing home over $600 every 2 weeks too. I am looking at it from both angles you know? I mean over $600 more than what I'm making now every 2 weeks.
Asked By: azile_wehttam - 9/26/2006
Best Answer - Chosen by Asker
3% Raise is more than fair annually. Depending on the position, i usually give 5% annual raise, for the higher salaries this is scaled down but under $20, 3% is very reasonable. I looked at military scales for you, and it seems that 3.7% is the standard although it varies on position... More
Answered By: chargedvette - 9/26/2006
Additional Answers (15)
I say the going rate for the position you ae filling, then raises that keep above inflation, but that's not what corporate says!
Answered By: RedRose - 9/26/2006
Answered By: Noodle - 9/26/2006
1 dollar an hour is only an extra 40.00 a week, is that even really noticeable after taxes? I'd ask for two.
Answered By: anomolous - 9/26/2006
I think what you've said makes perfect sense. You m-i-g-h-t end up having to look elsewhere for what you deserve if they don't come through for you, though. Best of luck!
Answered By: catintrepid - 9/26/2006
I think that you've been extremely reasonable in your request. I think you could even ask for $18. If they don't give you what you've requested, run like hell AFTER you've found another job.
Answered By: TrainerMan - 9/26/2006
you can't trust them to take care of you, it's NOT THEIR JOB. its yours, if you think 3% + a dollar is acceptable ask for 5% and1.50$ don't lowball. they're not going togive you what you ask for, but if you ask for more than you want, you might get close to what you want... More
Answered By: douglas w - 9/26/2006
3% is nothing. I would ask for at least a 7% raise. After taxes, it's not like you're going to be rolling in extra money. So you don't get a lot, and they don't have to give more than they want to. Point being: A good compromise is when nobody's happy with the deal.
Answered By: Eagleflyer - 9/26/2006
You make sense to me. Contact the people at Market Place, and ask them this. I'm also thinking the Motley Fool might have something useful (and experience, don't let the name fool you, he's a Wall St. guru) on this.
Answered By: hajgora7 - 9/26/2006
no one looks out for you except you. 3% is acceptable. You can't demand any sort of raise without appearing greedy. If anyone can do your job for less than you do it, they will hire them. I suggest you take the 3 % and continue to look elsewhere if you feel you are underpaid.
Answered By: mel - 9/26/2006
Inflation Rate+Rise in Experience Curve= Raise
Answered By: ziaq - 9/26/2006
Demanding a raise, even if you KNOW you are needed at a company is usually not a good idea. Most employers will see this as a person that isn't in it for the company, that wants to be demanding and in control and someone that thinks the company can't survive without out them. Not what you want management to think of... More
Answered By: B L - 9/26/2006
Instead of trying to come up with a figure you might be better off stating the reasons you feel you deserve a raise. For example, you consistently have a high volume of work, you stay late to get a job done, have saved the company money by implementing good ideas, don't take a lot of time off, have taken on extra... More
Answered By: thrill88 - 9/26/2006
The company's procedure is actually very normal. You need to consider how long the typical employee takes to go from $16 to $18 per hour... More
Answered By: scottaadams - 9/26/2006
I think anyone has a right to not work for less than they think they are worth. But keep in mind that there might be a lot of people that want your job. Though you do have an excellent point about your valuableness to the company and deserve to be compensated for your input. I think the amount of time that you have... More
Answered By: pigment - 9/26/2006
Start looking for another job if you want to make $20 per hour. They have stated their pay expectation, and unfortunately they probably will not bend that much. I once had an associate work for me in a position that made about $8 per hour, and told me that her career counselor told her she should be worth at least $... More
Answered By: Freddie - 9/26/2006
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