I had my review at work and my Boss said I'm capped out and I will never get a raise. I"m admin/accts receivab

Question

I even had to do year end taxes that I have never done before. I do monthly tax reports for them but never year end. They just didn't want to pay thier accountant. I do not have a degree in accounting but I have worked there for 4 years and I thought I deserved a raise. What do you think I should do

Answer 1

To my way of thinking, there are only 2 reasons to stay at a job in which there is no chance of a raise: a) the experience is invaluable to your resume and future job opportunities, or b) you really, really love the job and it is your life's passion. It doesn't sound to me like either of these are the case for you. I say, start looking for another job elsewhere, and focus on finding a placement with a company that can offer you a real future.

Answer 2

Two options:

A) Begin searching for another career. At the vey least if you do some shopping you can see what other offers are out there and what people are willing to pay for a similar position. You may find something that meets your needs better.

Keep in mind that you should at the very least be earning 1.5% - 2% per year simply to counter inflation and it is rare for a decent company to not take this into account when budgeting for raises.

B) Sit down with your boss, your bosses boss, and perhaps a human resource representative and ask positive questions to find out what other responsibilities you can take on to match your salary potential. Explore options in other departments that you may be able to use your skills. For example if you are good with Excel and designing reports you could work in I&C or other information department as an analyst.

Alternatively, you could see if your employer would pay for you to attend college part-time so you could get an associates or bachelors degree in accounting, finance, business, engineering, or something else. Lots of large companies offer 50-100% tuition reimbursement, at the company I work there are dozens of employees working on BA and Masters degrees, several in accounting.

Answer 3

Sometimes you hit a wall when it comes to the amount of pay you can get at a specific level. You are likely in an entry level position, and there are limits to how much employers will pay for such a position. You sound like you are doing an awesome job, and they are likley taking advantage of the fact they can get lots of bang for their buck.

Perhaps you should start taking courses, so you can get a job beyond the level you're stuck at. Since you are clearly capable of doing, at a minimum, junior accounting work, without any courses, perhaps having a certificate or diploma would help you get to the next level.

Could you ask your boss if there is any chance of advancement/promotion at that company, and what you could do (courses, etc), in order to advance?

You could also go and look for another job, emphasizing all of the skills that you are capable of, and that you'd like a chance to develop yourself.

Answer 4

I agree with gotcats.

When a similar thing happened to me years ago, it was the oppportunity for me to start my own business.

In my resignation letter, I stated that although I had enjoyed working there, it was time for me to move on. I needed to do something where I had opportunity for advancement in pay and experience.

Interestingly enough, I was then offered a huge raise and promotion. It was too late.

Answer 5

If you have been told you are at the top of what your company will pay, you have 2 options. You can look for another job, or you can accept your current rate. You don't sound like you enjoy this job that much.

Answer 6

You know in your heart what you must do. You have a degree and at least four years of marketable experience. Put your resume on monster and shop for another job. You may be suprised at what another company will offer you.

Go and do your thing. Good luck!!!!.

Answer 7

Shop yourself out in the workforce and see if you can get more money for your skill level. If you can then tell your boss this. If he won't give you more money than move on.