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Payrises and bonuses etc for this year

 
#1 Payrises and bonuses etc for this year
19/07/2010 15:51

C

Quick bit of advice need please and only serious resonses please...

Got promoted this year to manager/consultant level and very dissapointed with my payrise and bonus etc.....I know people that have come in external at the same grade and earn around 20% more.

What is the best way to say how unhappy I am about this and to try to get an increase? Is it wise to even do this and please dont suggest leaving as that not an option

Cheers

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#2 RE: Payrises and bonuses etc for this year
19/07/2010 17:34

Mars A Day to C (#1)

Best option would be to take it on the chin this time, and over the next year try to collate enough evidence of your work etc to support a claim for an increase to compensate your lack of a raise this year. Unfortunately the promotion often precedes the increases earnings, and with the market still looking shaky, show your corporate colours in your new role and tow the line for 12 months. By next review you should be in a much more stable situ, Manager for a year, and the market more able to sustain you in some well earned arm twisting.

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#3 RE: Payrises and bonuses etc for this year
20/07/2010 10:52

Bob to Mars A Day (#2)

Doesn't happen often but not sure Mars has got it right this time: I wouldn't leave it for later.

Too often I've listened to colleagues moan about how they know they're not getting as much as they deserve, etc. etc., and how they'll just wait for the next career discussion, or the next 6 months, or the next this, that and the other. And on the other hand I've seen others just do something about it: go to their boss or counsellor or whoever and say, "I think I should get more for this and this reason". Don't think there is a downside to doing this. At least you know where you stand, and so does your boss.

If they say no, you know, and can consider your options fully informed. If they say "maybe later", dito.

The upside is that if they do value you they might do something about it.

But for goodness sake don't wallow in it for the next 12 months and subject your mates / colleagues to yet more moaning.

And as to your actual question "how?": hard to say since you didn't tell us size / type of firm. But in general, you need to identify someone with authority to do something about it. Don't ask HR since they'll say no. If your consellor is not very senior, perhaps book a slot in your department head's calendar, and prepare your case (market salaries, your contribution to date, your ratings, chargeability, your career trajectory, etc.). And know how to respond to the question: "so how much do you want / think you're worth?")

PS. "toe" not "tow" (little bugbear of mine)

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#4 RE: Payrises and bonuses etc for this year
22/07/2010 11:32

Forum Fan to Bob (#3)

When you do present your case be very careful about how you deal with people in the company whose details you claim to know. You need to be able to evidence any claims you are making and not just repeat gossip.

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#5 RE: Payrises and bonuses etc for this year
22/07/2010 13:33

C to Forum Fan (#4)

I know the person in question as I brought them in so 100% sure of the info

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#6 RE: Payrises and bonuses etc for this year
22/07/2010 13:47

Mars A Day to Bob (#3)

Happy to admit it, Bob's advice wins hands down on this one C.

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