How can I justify getting a raise? I've heard from most of my co-workers that they were all told the company can't afford to give raises. Is there anything I could possibly do or say other than the obivious to get a raise? I've been here 3years and am underpaid for my experiance level to begin with.
2006-06-12 06:58:20 · 5 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment
I am an HR Rep for a major company and I recruit people of your caliber only because they are unhappy with their compensation amount.
First off, be very weary of any company that is having "financial problems". You need to think, "Am I on a sinking ship?"
Second off, if your co-workers aren't getting raises across the board because of financial problems then I am 99.9% they won't be able to accomodate a raise for you.
With 3 years experience at this company I highly suggest you take a look at another job.
I supplied a link below of a major job board that I work with. They have an option on there to see how much someone in your position is getting compensated for your area.
I don't know where you are based out of but it has helped numerous amounts of my friends.
2006-06-12 10:00:18 · answer #1 · answered by Anonymous · 0⤊ 1⤋
I just went thru this myself earlier this year. If the company is truly in financial straits, there may not be much you can do. At your review, make sure your superiors know how much work you do and how valuable you are to the company - ESPECIALLY if you've brought in money (i.e. clients or something similar) or saved them money in some way. If they can't give you the raise then, ask them to re-evaluate in three months. Sometimes finances change in that quick a time.
Also think of an alternative to a cash raise - see if they'll give you more paid vacation time or the ability to work from home a couple of days a week.
If they refuse any of these alternatives, I'm sorry to say it might be time to look elsewhere.
Good luck!!!
2006-06-12 14:04:42 · answer #2 · answered by zippythejessi 7 · 0⤊ 0⤋
If you are in a position where you can control costs, see if they will put you on an incentive program. I had a job in IT where we faced the same issue; one of our biggest costs was the bills we paid to Microsoft and Cisco when we called them for support. So I made a deal with my manager--- if I could reduce vendor call bills by 20%, I should be able to get a bonus. Most everyone has SOME control over costs, even if it is just not changing the toner cartridge in the printer until every last drop is out of it. This approach gives you a goal that is easy to track, puts money back into the company's pocket (by reducing overhead) and also shows you are concerned not just with your income but with the company as a whole making money.
2006-06-12 16:33:31 · answer #3 · answered by dcgirl 7 · 0⤊ 0⤋
I would push your company for a simple "cost of living" increase. Take the offensive, and tell your boss that you know the company can't afford raises and is in a hard time, but at the same time you need to meet your family's increasing cost of living. If you could just get a cost of living increase to meet inflation, you would be okay, and could hang on another year until the company was in better financial standing and could afford to give you the raise you deserve.
2006-06-12 14:01:55 · answer #4 · answered by spineminus2 3 · 0⤊ 0⤋
depending on the size and pesonability of your company...do what i did....dont go to the table with a problem and no solution....your situation here is that it is not a question of whether or not to give you a raise but more where would they get the budget?
2006-06-12 14:13:46 · answer #5 · answered by cookiesmom 7 · 0⤊ 0⤋