Alright, I just word today that I was promoted within my firm. This means more work, responsibility, and probably more travel.
The difference is now I don't make Overtime. My previous title gave me 12% on top of my base salary.
Once I got my promotion, it was announced that my raise is 8% with no added benefits (possibly a bigger bonus but my bonuses are extremely small anyway).
So basically with all of the extra work I have, I will be making 4% less than before.
In my opinion, my company is pretty cheap but do I have leg to stand on to go back to my boss and at least ask for a raise so I'm not taking a step back?
OR - is this very typical and I should just move on.
Any advice on how to approach this would be helpful.
Thanks.
2007-11-09 02:54:28 · 5 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment ➔ Other - Careers & Employment
There's nothing you can do. What you are experiencing is actually very common at most companies. Although you take on more responsibility, i.e. management position, they will increase your base salary but take away overtime. If you think employee are abused, I have news for you, SO ARE MANAGERS!! When you get into entry level management, it's not for the money. Once you total up your compensation (base + bonus) and the hours you put in, you're earning less than you were at your senior position as an employee. I've seen this many times with friends in other fields of work. It's very common. Worse, because you're in entry level management, you put up with lots of complaining and whining from your underlings.
So, unless you enjoy the new position, it's not worth the drop in overall compensation.
Best,
-- Andy
2007-11-09 03:01:56 · answer #1 · answered by almcneilcan 4 · 0⤊ 0⤋
Why on earth would you accept a promotion without looking at the salary? You dont have to accept the promotion and could say that due to the fact that the salary would mean a cut in pay that you would not be able to take the new position. This of course will have one of two outcomes. They will offer you a higher salary or you will never be considered for a promotion again and will have to look for a new job. This is the reason why you should get clarification before applying for new positions.
2007-11-09 11:05:36 · answer #2 · answered by Diane M 7 · 0⤊ 0⤋
If you have the "cahones" present your argument to your superiors as you did here. A raise..with no added benefits is just a COL. adjustment. We all get that. Including "minimum wage" employees. I have a trade..and in a small company I can negotiate about salary. If you work for a big company...you are on your own. You can ask for a better raise...but the chances of getting it is like me asking Racheal Ray to drop her pants. It ain't gonna' happen.
2007-11-09 11:16:39 · answer #3 · answered by chilicooker_mkb 5 · 0⤊ 0⤋
It is not unusual for a first promotion from Non-Exempt (eligible for overtime) to Exempt (not eligible for overtime) to see a reduction in "take home" pay.
However, normally you are on a career path that in time your salary will far exceed where you would be if you stayed "Non-Exempt"
2007-11-09 11:02:07 · answer #4 · answered by Squat1 5 · 0⤊ 0⤋
unfortunately, this is something you should have negotiated before accepting the position. you can always try talking to your boss about the fairness of the situation. of course it always helps if you have a bargaining chip, like another job offer. Good luck.
2007-11-09 10:58:53 · answer #5 · answered by perennial 2 · 0⤊ 0⤋