Is 3% raise to much to ask from employer after getting my degree?

Question

Working same employeer 20 yrs
Employer paid for education
Degree in Business Management
My job primarily Accounting -AP,Payroll, AR

Up for annual review
3% is average in company
Job description has not changed much -but I am asking for and receiving more responsiblity.

I would be asking for the usual annual 3% +plus the extra 3% because of the degree.

Got degree in May '06
The company is a non-profit

Answer 1

Only if you can show your employer how the degree is directly benefitting him.

He has already paid for your education, now you want him to pay more for you to continue to work for him?

I was told the following by a boss many years ago. Every single thing a business buys, including employees, has to be X plus Y. Your salary is X, the value you bring the business is Y, in what way does your degree add to the value of the business.

If you can answer that realistically, then yes, he should give you a raise. Has your degree led to making or saving money for the company? If yes, then ask away and let him know how you are benefitting the business.

But from experience I can tell you that you are probably grossly underpaid because you have stayed at the same job for so long. It may be time to look for a better one. Keep in mind that the value of a stable friendly work environment, with a boss that cares about your future (as evidenced by his paying for the education) is nearly priceless. You could take a job making twice what you are making now and be so miserable you hate to get out of bed in the morning.

Congrats on the Degree!

Answer 2

+ You might seriously consider a new employer if he is going to give you only three percent.
It is likely that your employer develops value from the quality of his personnel and you have just raised the value. With your new found wisdom are you capable of more valuable decisions, and a higher profit? Are you also more likely to get a promotion, and make your employer more competitive in the market place?
Why not shoot for 10%, perhaps you should look at what others with your background receive for compensation in the open job market and don't forget your 20+ years of experience. Don't be surprised if you find something much more lucrative and move on. (especially if your employer does not see any value in your accomplishment)
Good luck

Answer 3

Congrads!! In your situation, I would wait until after the first of the year and see what happens. If no promotion or bonus is offered, then I would seek a raise. A 3% raise is definetly a fair amount. Your employer will get to write off his expense in your education.

Answer 4

I think after you have worked there a few months after you finished Degree, that would be an appropriate time to asked to be considered for a raise. 3% seems normal to me

Answer 5

YES

Your job hasn't changed so why should you expect more money

After all they have paid for your education and you are obviously over 40.

Don't expect too much, if you want an instant rise go somewhere else.

EDIT

WELL THANKS FOR NOW TELLING US EVERYONE IS GETTING 3%.
THAT'S WHAT YOU SHOULD EXPECT THEN.
BUT DON'T EXPECT MOREJUST BECAUSE YOU HAVE QUALIFICATIONS.
YOUR RISE SHOULD BE BASED ON HOW YOU DO YOUR JOB.

I earn a hell of a lot more than people at work with degrees ........... because I do my job better so deserve it.

Answer 6

If you got your degree and have been there for 20 years, I think that 3% is definitely reasonable if not low!!! Good luck!!

Answer 7

sounds reasonable to me...i hope you have gotten a raise for being there 20 years!

Answer 8

WELL I THINK YOU SHOULD WAIT A COUPLE OF MONTHS AFTER ALL HE PAID YOUR EDUCATION