What % raise should I expect if my company offers me a promotion which includes supervisory responsibilities?

Question

I am a senior level (or team lead) member of the Information Technology dept. at my company. I have been there just 8 months, and I currently have no direct-reports. My boss is another "senior" level person. My company is doing some restructuring and just today came to me offering a "promotion." I would pretty much keep my current responsibilities, but in addition, I would have three-direct reports, and I would now report directly to the Director of I.T. The company stated that I would also be given an increased salary, T.B.D. At this point, I am researching and benchmarking to understand how much of a raise I should expect. I know there are many variables to this answer, but assuming most of my responsibilities stay the same as before, but in addition I would manage/supervise three other I.T. staff members, should I expect increased compensation? If so, how much (percentage-wise).

Answer 1

Congratulations on the promotion!!

I would advise doing some quick research at salary.com for specifics to your industry. There are a ton of variables also including your company's compensation philosophy, industry, and the salary range that's set up for your position etc.

What you're talking about here in terms of compensation is a jump in band or "level" can be around 15-25% of your current salary. That may fluctuate depending on your skill set. For example, if this was your first go at having direct reports, they would bring you in at the low end of the new pay grade expecting you to increase your skills and give you "room to grow"

Don't forget to ask about bonus or if they offer additional vacation days as you move to a manager level. Do not be afraid to express appreciation, but negotiate if they are real cheap, "Would it be possible to bump it to X since blah blah blah"

With just a brief overview of your situation I'd tend on the low end since you are just getting reports and there is no significant addition to your responsibilities.

Answer 2

Being in IT and having worked in many different environments myself I'd have to say that there's no set compensation that you can expect. I've seen people gain new titles and added responsibilities with no increase in pay and other people who got hefty raises without anything about their job changing. If you're going to be managing in your new role and you weren't before then you can expect a decent raise. What you get really depends on the company though.

Answer 3

there's a distinction between effective and valued. Being effective facilitates your boss sleep at night and not being valued is what keeps you conscious at night. If a enhance could be mentioned in "bits" of a dollar, this 3% enhance must be an embarrasment to any employer; in spite of if, a bad economic device is a sturdy excuse to objective it. This indication of your internet properly worth is a severe afront of your self properly worth and accepting it is not even a attention. Say you will take on the accountability in the event that they'll postpone the substitute of identify till the employer money bypass will enable a greater objective assessment. If their obtrusive insecurity holds real, they could be able to formally fill that place with out reservation or any loss of continuity. in the previous all of us tries to assert that's illegitimate, they're offering you a settlement substitute and you're merely reverting back on your present day settlement. merely by way of fact somebody needs to low ball your ability does no longer propose you ought to help them do it. in the event that they proceed to press the difficulty, propose inventory in lieu of money. sturdy success

Answer 4

without knowing your full story, I would think anywhere between 10-15%. You will have direct reports and it seems as if you have a solid work history behind you. Shoot for 20% and NEGOTIATE.

You know what you are worth. You will be surprised at what you can pull off.

good luck