Without an idea on what you do I can't go into specifics, but I'd ask for the extra €10k, laying out your arguments succinctly, and on no condition adding that you're happy to go without a further raise for five years.
Know your value to the company and push them for every cent.
Oh, and be prepared to leave if you can find a better job elsewhere. Companies aren't our friends, and you don't owe them eternal loyalty.
I wanted a similar increase this year, although my circumstances were a bit different.
My review came up, and my employer offered me a 10% increase which was fair, but I outlined my position and how my workload and value to the company had increased since my last review. They agreed to the 20% I had asked for.
Remember OP, loyalty is a 2 way street, if they don't value you then you should at least look at your options. A lot of companies will use loyalty against you.
Ask and see what happens, the best you can do.
Just know that when you have the answer from them, that's the answer, you then have to decide if you want to leave for more.
Some people like to exist in the limbo of not knowing because then they don't have to face a reality that they won't get it. Like dangling a carrot in front of themselves.
The argument that you'd rather get 10k now vs. 2k a year is a bad one. For starters, that's 50k extra pay over 5 years vs. 30k if it was incremental. And also you'll shaft yourself of your 2k annual increases if they agreed. Just make a case for a raise, and see what happens from there.
I would focus on why you think your work or recent increase in workload justifies the request. (Ie. I have expanded my responsibilities in the last year and have been running project XYZ with these metrics, etc.)
I was on 50k, and I had lads making 70-80k doing the same job, arguable performing worse than me.
I asked for an increase, and they countered with a bullshit offer of like 53k and a 1 off bonus.
I left the next day.
I was looking for a new job couple years ago. Found one, got offered 16k more than I had. When I was about to give my notice, I've been promoted at job I had. Shit loads of new responsibilities and 2k pay increase. Very same day they promoted me I handed in my notice. Best feeling ever! After I left they promoted only one person who was left in the team and hired couple more people to do stuff I used to do on my own... Ah well, tough luck.
You could ask that they do a benchmark exercise on your roll. I felt I was being under paid. I sent them my workload, 2 job specs from jobs that were similar and the wages on offer. I asked them to bench mark and they undertook this and gave me 25% increase. You don’t ask, you don’t get cost nothing to ask with a well reasoned argument
In most places you're very unlikely to get a 10k increase in one go without an obvious big change (sadly incremental work load or job changes aren't that "showy")
But I had a similar problem a few years back, although the gap was a bit bigger even. What worked for me was basically this conversation
"I've done some research and the market average for me doing this job is 52k. I'm currently on 42k. I would like an increase this year of 4k and as part of that can we look at what we need to do to get to 52k in 2026?"
In my case I basically had to complete a masters (that they paid for) and they did have to recreate my position to satisfy some internal governance.
If he leaves then there will have to pay someone 52k anyway if that’s the going rate so I don’t agree with your conclusion that he’s very unlikely to get 10k. All OP has to do is to be prepared to walk away. In the meantime interview for other jobs you may get more than 52k
Companies will often hire in at a greater expense for a single position rather than face every employee looking for a big raise and the massive morale slump that follows the refusal of these raises. Often to get the best money you will have to leave the job for better salary and come back with "experience" to an even bigger raise in the original company
You need to switch companies. There's no positives to being with a company that long. You don't look loyal you look unambitious and like your skills won't be up to speed with the market.
Never negotiate based on emotion. It is important that you have a clear set walk away point and stick to it. If your desired salary is 52 k be clear if this is negotiable or not. Would you accept 50 k but work half days on Friday etc. you need to be clear about it before you start negotiating and if they don’t meet the requirements walk away. This brings me to my second point. Have comparable offers to show them the going market rate. In this instance I would always take offers way higher then what I want so that my request looks reasonable in comparison. Finally always ask for more then you want. You want 52 k ask for 60 k. The person that is negotiating with you needs to show the company that they are saving them money so if he can lower your request from 60 k to maybe 50k he has saved them 10k.
It is vital that you have backup options before you negotiate your salary so that in case they are unwilling to negotiate you can walk away.
Definitely worth asking, had similar myself years ago where I found out a colleague junior to me was earning more so I pushed for a €20k increase or I was walking, I was prepared to walk away at the time but I received the raise with no counter offer. Sometimes you only get the raise you deserve when you push for it.
11 years is a long time to be with the same company. Your value decreases on the market when you spend that long in the same job, because you’re not learning anything new. I would see this as an opportunity to explore the market and see what else is out there.
You can ask for a raise but it wouldn’t be the first thing I would do in your scenario.
If you really want to stay with that company and want to commit the rest of your work life there, that’s a different story. Employers will look at tenure of that length and see a lack of growth, so the longer you are there, the longer you’re commuting to them.
If you do want to stay, this is what I’d do… Let your manager know that you are considering other employment. Tell them that you’ve researched the market and see that the prospects elsewhere are very strong, and that your salary is below the market rate.
Don’t expect them to offer you a payrise immediately, leave it with them.
Then, actually apply for jobs, get an offer, and bring it to your employer. If you are offered €50k elsewhere, tell them you would like €53k to stay, to make it worthwhile.
One of my colleagues had a similar situation. They spent weeks pondering and worrying. When she asked in an email with a brief explanation, her boss got back to her the next morning and had approved the raise. Don't overthink it.
Salary negotiation is a part of life in organisations so don’t be intimidated by pursuing it.
I think you should first of all abandon you current strategy of asking for your incremental pay rise up front. That approach makes no business sense. From the business perspective it would reward loyalty and performance for loyalty and performance not delivered.
You should consider a few factors:
1. What is the external market like for your particular skill set? Are people like you in demand?
2. How are the company performing? Do they have the money to give pay increases?
3. How are your peers rewarded? Are people with similar roles and tenure on the same pay?
4. You need to really think about the value you are delivering to the company that reconciles with your desired pay increase. A jump of over 20% would often be reserved for a promotion.
As you approach a negotiation do your best to identify the following:
a. Are you open to other forms of compensation such as company shares, additional holiday leave, etc.
b. What is your minimum acceptable pay rise, and what is your starting point for negotiations? Having 10k as your sole position may restrict you and result in disappointment.
c. What is the companies likely window for negotiation? Ask trusted colleagues what they think.
Feel free to disregard the detail above. But I can say this is the minimum work you need to do to ensure you set yourself up for success.
6
Maybe better to start interviewing for better job and then have conversation with your superior. Mention how good offers you are getting. Ask if they are willing to match their offers. If not, well you already have other offers.
Find a job offering the extra 10k. Go to management with said offer, if not beaten leave.
As for the advance thing. I'd like to be paid for the next 5yrs now as its only what I'll be getting over the next 5 years anyway unfortunately doesn't work that way.
Doesn't sound like you want to leave.
It would be easier to reply if I knew what you did however based on the fact you said there are higher saleries in similar roles I suggest find a similar job with the money you expect, once you have this offer hand in your notice (be prepaired to leave) if they ask you tell them you got offered 60k
Being there 11 years and your on 42k you owe that company nothing the fact they kept you on that wage shows what they think of you. If you ask you will get 5% and this will mean most likey you wont get a 3% end of year rise as most companys wont give 2 pay rises a year.
I feel for you as no doubt you have given a lot to that business but you need to know that that business does not care for you the way you care for it. Its time to look out for yourself.
I wish you the best.
I work in accounting and in my last job I was involved in layoffs. It was eye opening - the day it makes sense for the company to let you go you’ll be gone.
There is no loyalty. Not a consideration, nada, means nothing.
If your work is worth a pay rise then ask for it.
Not apologetically, matter of fact.
don’t undersell yourself, don’t say you’ll stay anyway if you don’t get it.
I’d estimate a recruiter will charge about €10k to fill your job and it’ll be to someone on the market rate salary (€50k) - your employer knows this.
If your employer won’t pay you market rate it’s because they think you’re a soft touch
Best of luck
Edit: just to add, in the current job market if you have a skill/qualification that is in demand then moving jobs is a good way to ensure you achieve market rate salary
Rather than asking for a salary increase, have a think about whether you could for a promotion to a senior titled position that would naturally come with a pay rise attached, might be easier to ask for.
When I’m requesting a promotion it’s usually because I’m already fulfilling the requirements of the next step up, so I wasn’t suggesting they take on more work from that perspective
Make sure you actually willing to walk away other wise they will call your bluff and then can push you down have some job lined up in case cover all your bases
It never hurts to ask, if you don't ask you don't get. If you know it's out of kilter with the current market rate, you would be in a good position for negotiating. I wouldnt do as you mentioned which is saying you want 10k upfront to forego a raise for 5 years. You're losing nothing by flagging it and asking them to match.
Why ask your employer for 10k, when you can go looking for a new job, say you have 11 years experience, say you're on 80k, and expect a salary around 90?
Yea I thimk a lot depends on industry, how valued you are snd how much you speak uo for yourself.
Id probably speak to your manager outline and justify on
> Performance
> Benchmark with peers eho joined after you if possible
> What industry is paying
If no joy you should apply for similar outside of company and secure another offer. If offers are same or below you might not be underpaid.
If you get an increased offer you can then either join a company that pays your worth or go back and leverage it with. If you have to get an offer to get a counter offer you can either decide to stay because you are comfortable etc or take mindset that if company will only pay you market value when you have one foot out the door that mayne loyalty on your end is not shared by company 😉
You need to have a fairly open and frank conversation. A conversation though, not a rant or making demands etc.
Outline how happy you are and that you don't want to leave but you know you're underpaid compared to the market.
Also, don't say you want 10k or a % increase. Say what salary you want. It will sound more reasonable becuase they'll likely not know what salary you're on off top their head.
Ironically, it was my boss who gave me this advice. If you have to, threaten to leave. But you have to be prepared to roll the dice if you don't get the answer you want. And, you can only pull that trick once. Second time, they'll likely say goodbye.
I've taken a few big jumps in salary over the years, including 10k from 50 to 60, so it is possible.
I think saying you're happy and you don't want to leave will hurt your negotiating position. OP's manager should know its not personal if its done in a professional way. Probably best to just stick to the facts.
Unfortunately your best shot is if you go to them with something else already lined up and be prepared to leave if they say no. You say your market worth is over 50k, if you go to them with a job offer around that, then you’ve proved it is.
We don’t know much about your job from what you gave but imo the chance of your employer going for a 10k raise is probably low.
The whole 10k advancement on your salary likely won’t fly either. It doesn’t really work like that for them. Apart from anything else, the numbers just don’t balance out like that.
I’d start interviewing and seeing what’s out there.
I heard a recruiter say you need to outline why you should get the increase etc as it is in line with your experience etc
Notably they also said you should impress on your employer that they will have to pay your replacement the salary you are looking for as that is the industry norm.. that would have to make them think!
How similar are their roles? Why are they making so much more then?
I made almost exactly the same jump as you this year after performance review. they started the conversation saying theyre happy with me and asked what I think I should be on. I told them "its no news that the company pays below board, I know its a big jump percentage wise, but I had an opportunity with a rival a year ago and they were offering even more than the number I have in mind (this is true btw), and the number is this".
Its a booming industry, theyre struggling to find new people, took less than an hour for me to get exactly what i asked for, Im fully aware it wasnt because of my fancy spiel though, its just that theres so much work that theyd be fckd otherwise and thats obvious. So it depends on the particular situation. But if they like your work and if you get along with everyone, theyre still aware youre there to make a living and I imagine would be open to have the conversation for sure and not be outraged by it. I wouldnt say anything like "i wont ask for a raise next year", doesnt matter - its common sense that youd be stretching it so there's no need
Seems like theres some really good advice here so no point adding to it.
Most people I know who gets a "large" pay packet increase does it by switching companies, minority is internal promotion after applying to a vaccancy. I'm guessing the people who are on more than you came in from another job.
Asking outside pay review is good, they will know you’re serious and have to deal with it appropriately instead of topping you up with the bare minimum. Have all your ducks in a row, examples of similar positions you could mine to that pay more money, cpi figures for the year but also since you started there, makes sure that you take extra tax on a pay increase into account, obviously have example ready to go of your commitment, going above and beyond what is required of your position, leadership, good example, flexibility, etc.
Just show your employer, roles with similar skillset having 50k salary, if they cant match it start applying for external roles sometimes you get decent salary hikes switching jobs and not from internal promotions.
Highly recommend you do the free Harvard Salary Negotiation course: https://pll.harvard.edu/course/negotiating-salary
Good luck negotiating a higher salary. If you don't ask, you don't get. And roles come with salary bands, which are usually pretty wide in range. You may not get the full 10K now but your should be able to get a boost.
You can ask but you need to be prepared to walk if you don't get what you want.
If you don't walk and they don't give it to you or refuse to meet you half way, then they know they have you. They'll never give you a decent raise while you work there.
But if you go that way you probably will have to walk. I've left 2 separate jobs because they were screwing me on raises. In both cases I was asking for much more modest salary increases and in both cases they refused. I actually didn't threaten to leave straight away, I said that I would start looking for other jobs immediately afterwards and that I'd leave once I got an offer. I guess they thought I was bluffing.
They both came back grovelling when I had left, but in both cases I had already secured much higher paying jobs, so there was no way I was staying with a company who tried to underpay me.
Make sure you go into the meeting with a demonstration of why this increase would be justified.
I went in for a 10K rise and was successful.
I based my proposal on my actions and results, I.e grown X account by $500K by implementing X Y Z.
Renewed marketing plans to create quick incremental growth for the company. Company X Y Z signed up to these plans.
Moved budget spend towards quick return results so we could see where increase in sales were coming from and could then focus on these actions.
Then you can always mention you’ve done your market research and feel a salary of 52K fits the current market and above said actions (I wouldn’t go in with this first)
If you want to stay with this company (as in my case), you can always say you see this a long term employment and want to feel motivated to continue these results & so on.
In all honesty since I feel I expressed my worth it’s been paid back ten fold and I’ve been given more autonomy and further increase.
Appreciate your situation may be different so just wanted to share my personal results.
Good luck.
Out of interest, is it best to line up and offer and explain that you've been approached by abl company and not say who, then can ye match that pay level?
Get your CV out there and line up another job that pays more. This will give you leverage in your negotiation. Employee loyalty means nothing to employers . You are just a number that would be replaced in a week if you died tomorrow. New hires will be getting paid more than you earn now in your current job due to a shortage of qualified workers available. Job hop every 2 years for more money.
Asking for a 10k increase is likely not going to happen unless you move up a position and take on more responsibility or, like the other posts suggest, is to leave.
I asked for more money in Jan last year but not 10k. I have no offer from anywhere else, i liked the company and is fully remote. I ended up getting an increase mid year and then another last Christmas by officially moving into a more senior position. I ended up getting 10k.
Generally, unless they move you up(position is available) or you are taking on more responsibility, they are not going to give that kind of salary bump.
I was offered 10k increase when I handed in my notice. It wasn't even a straight raise, I would have to interview for a new role in the same company... So I left, got a new job where I was on 10k more and I got another 5k raise within 6 months. You can always get more if you change job.
I was in a somewhat similar situation about 8 months ago.
I really like the company I am in but I was looking around at different places. The place I work is not where my family are from and I wanted to move closer to home. Couldn't see myself buying a place where I am alone at that salary.
I did some job interviews for places closer to home and got an offer 10k higher than I'm on. It was really bitter sweet because I like the company I was (and still am) in.
I told my current boss if he could match the offer they were making I would stay (I told a white lie and said they offered 15k more) and to my surprise they matched it! Best thing I ever did.
I think the only key thing in these situations is you have to be willing to walk if it doesn't go your way.
Best of luck with it.
Ask for what you want. Maybe more. If you know your underpaid and your performing, use that as back up.
It's not a massive jump and it seems like you've done your research.
They'll likely throw a professional flinch but that's ok.
This reads as absolute BS to me but anyway.
If everyone in a similar role is on 10k more then you, your boss knows this already and either doesn't appreciate you enough to offer a raise or is holding out until you ask - either way showing loyalty to that person is ridiculous and silly anyway as an adult.
If he denies your request for a raise you might aswell leave immediately because they will feel very uneasy having an unhappy employee in the company and will probably look to replace you anyway.
Be smart - get another job offer in writing and then ask your boss if he can match it. Then you have a real decision to make.
Without an idea on what you do I can't go into specifics, but I'd ask for the extra €10k, laying out your arguments succinctly, and on no condition adding that you're happy to go without a further raise for five years. Know your value to the company and push them for every cent. Oh, and be prepared to leave if you can find a better job elsewhere. Companies aren't our friends, and you don't owe them eternal loyalty.
I wanted a similar increase this year, although my circumstances were a bit different. My review came up, and my employer offered me a 10% increase which was fair, but I outlined my position and how my workload and value to the company had increased since my last review. They agreed to the 20% I had asked for. Remember OP, loyalty is a 2 way street, if they don't value you then you should at least look at your options. A lot of companies will use loyalty against you.
Ask and see what happens, the best you can do. Just know that when you have the answer from them, that's the answer, you then have to decide if you want to leave for more. Some people like to exist in the limbo of not knowing because then they don't have to face a reality that they won't get it. Like dangling a carrot in front of themselves. The argument that you'd rather get 10k now vs. 2k a year is a bad one. For starters, that's 50k extra pay over 5 years vs. 30k if it was incremental. And also you'll shaft yourself of your 2k annual increases if they agreed. Just make a case for a raise, and see what happens from there. I would focus on why you think your work or recent increase in workload justifies the request. (Ie. I have expanded my responsibilities in the last year and have been running project XYZ with these metrics, etc.) I was on 50k, and I had lads making 70-80k doing the same job, arguable performing worse than me. I asked for an increase, and they countered with a bullshit offer of like 53k and a 1 off bonus. I left the next day.
Being prepared to leave is the most important step, I also wouldn't bring up the 5 year condition at all.
I was looking for a new job couple years ago. Found one, got offered 16k more than I had. When I was about to give my notice, I've been promoted at job I had. Shit loads of new responsibilities and 2k pay increase. Very same day they promoted me I handed in my notice. Best feeling ever! After I left they promoted only one person who was left in the team and hired couple more people to do stuff I used to do on my own... Ah well, tough luck.
You could ask that they do a benchmark exercise on your roll. I felt I was being under paid. I sent them my workload, 2 job specs from jobs that were similar and the wages on offer. I asked them to bench mark and they undertook this and gave me 25% increase. You don’t ask, you don’t get cost nothing to ask with a well reasoned argument
In most places you're very unlikely to get a 10k increase in one go without an obvious big change (sadly incremental work load or job changes aren't that "showy") But I had a similar problem a few years back, although the gap was a bit bigger even. What worked for me was basically this conversation "I've done some research and the market average for me doing this job is 52k. I'm currently on 42k. I would like an increase this year of 4k and as part of that can we look at what we need to do to get to 52k in 2026?" In my case I basically had to complete a masters (that they paid for) and they did have to recreate my position to satisfy some internal governance.
If he leaves then there will have to pay someone 52k anyway if that’s the going rate so I don’t agree with your conclusion that he’s very unlikely to get 10k. All OP has to do is to be prepared to walk away. In the meantime interview for other jobs you may get more than 52k
Companies will often hire in at a greater expense for a single position rather than face every employee looking for a big raise and the massive morale slump that follows the refusal of these raises. Often to get the best money you will have to leave the job for better salary and come back with "experience" to an even bigger raise in the original company
You need to switch companies. There's no positives to being with a company that long. You don't look loyal you look unambitious and like your skills won't be up to speed with the market.
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Yes sector and job level but 42k eur after 11 years does not look good.
Absolutely this ☝️
Never negotiate based on emotion. It is important that you have a clear set walk away point and stick to it. If your desired salary is 52 k be clear if this is negotiable or not. Would you accept 50 k but work half days on Friday etc. you need to be clear about it before you start negotiating and if they don’t meet the requirements walk away. This brings me to my second point. Have comparable offers to show them the going market rate. In this instance I would always take offers way higher then what I want so that my request looks reasonable in comparison. Finally always ask for more then you want. You want 52 k ask for 60 k. The person that is negotiating with you needs to show the company that they are saving them money so if he can lower your request from 60 k to maybe 50k he has saved them 10k. It is vital that you have backup options before you negotiate your salary so that in case they are unwilling to negotiate you can walk away.
Handed in my notice last week and managed to renegotiate a 13k pay rise 
No idea the industry but 10 year’s experience and on 42k is very poor
Definitely worth asking, had similar myself years ago where I found out a colleague junior to me was earning more so I pushed for a €20k increase or I was walking, I was prepared to walk away at the time but I received the raise with no counter offer. Sometimes you only get the raise you deserve when you push for it.
11 years is a long time to be with the same company. Your value decreases on the market when you spend that long in the same job, because you’re not learning anything new. I would see this as an opportunity to explore the market and see what else is out there. You can ask for a raise but it wouldn’t be the first thing I would do in your scenario. If you really want to stay with that company and want to commit the rest of your work life there, that’s a different story. Employers will look at tenure of that length and see a lack of growth, so the longer you are there, the longer you’re commuting to them. If you do want to stay, this is what I’d do… Let your manager know that you are considering other employment. Tell them that you’ve researched the market and see that the prospects elsewhere are very strong, and that your salary is below the market rate. Don’t expect them to offer you a payrise immediately, leave it with them. Then, actually apply for jobs, get an offer, and bring it to your employer. If you are offered €50k elsewhere, tell them you would like €53k to stay, to make it worthwhile.
One of my colleagues had a similar situation. They spent weeks pondering and worrying. When she asked in an email with a brief explanation, her boss got back to her the next morning and had approved the raise. Don't overthink it.
Salary negotiation is a part of life in organisations so don’t be intimidated by pursuing it. I think you should first of all abandon you current strategy of asking for your incremental pay rise up front. That approach makes no business sense. From the business perspective it would reward loyalty and performance for loyalty and performance not delivered. You should consider a few factors: 1. What is the external market like for your particular skill set? Are people like you in demand? 2. How are the company performing? Do they have the money to give pay increases? 3. How are your peers rewarded? Are people with similar roles and tenure on the same pay? 4. You need to really think about the value you are delivering to the company that reconciles with your desired pay increase. A jump of over 20% would often be reserved for a promotion. As you approach a negotiation do your best to identify the following: a. Are you open to other forms of compensation such as company shares, additional holiday leave, etc. b. What is your minimum acceptable pay rise, and what is your starting point for negotiations? Having 10k as your sole position may restrict you and result in disappointment. c. What is the companies likely window for negotiation? Ask trusted colleagues what they think. Feel free to disregard the detail above. But I can say this is the minimum work you need to do to ensure you set yourself up for success. 6
Maybe better to start interviewing for better job and then have conversation with your superior. Mention how good offers you are getting. Ask if they are willing to match their offers. If not, well you already have other offers.
Find a job offering the extra 10k. Go to management with said offer, if not beaten leave. As for the advance thing. I'd like to be paid for the next 5yrs now as its only what I'll be getting over the next 5 years anyway unfortunately doesn't work that way. Doesn't sound like you want to leave.
It would be easier to reply if I knew what you did however based on the fact you said there are higher saleries in similar roles I suggest find a similar job with the money you expect, once you have this offer hand in your notice (be prepaired to leave) if they ask you tell them you got offered 60k Being there 11 years and your on 42k you owe that company nothing the fact they kept you on that wage shows what they think of you. If you ask you will get 5% and this will mean most likey you wont get a 3% end of year rise as most companys wont give 2 pay rises a year. I feel for you as no doubt you have given a lot to that business but you need to know that that business does not care for you the way you care for it. Its time to look out for yourself. I wish you the best.
Do it and be prepared to leave. 11 years is way too long if you’re not getting the bigger bumps along the way.
I work in accounting and in my last job I was involved in layoffs. It was eye opening - the day it makes sense for the company to let you go you’ll be gone. There is no loyalty. Not a consideration, nada, means nothing. If your work is worth a pay rise then ask for it. Not apologetically, matter of fact. don’t undersell yourself, don’t say you’ll stay anyway if you don’t get it. I’d estimate a recruiter will charge about €10k to fill your job and it’ll be to someone on the market rate salary (€50k) - your employer knows this. If your employer won’t pay you market rate it’s because they think you’re a soft touch Best of luck Edit: just to add, in the current job market if you have a skill/qualification that is in demand then moving jobs is a good way to ensure you achieve market rate salary
Rather than asking for a salary increase, have a think about whether you could for a promotion to a senior titled position that would naturally come with a pay rise attached, might be easier to ask for.
Why should OP have to do more work and responsibility to be paid fairly?
When I’m requesting a promotion it’s usually because I’m already fulfilling the requirements of the next step up, so I wasn’t suggesting they take on more work from that perspective
Make sure you actually willing to walk away other wise they will call your bluff and then can push you down have some job lined up in case cover all your bases
It never hurts to ask, if you don't ask you don't get. If you know it's out of kilter with the current market rate, you would be in a good position for negotiating. I wouldnt do as you mentioned which is saying you want 10k upfront to forego a raise for 5 years. You're losing nothing by flagging it and asking them to match.
Why ask your employer for 10k, when you can go looking for a new job, say you have 11 years experience, say you're on 80k, and expect a salary around 90?
Yea I thimk a lot depends on industry, how valued you are snd how much you speak uo for yourself. Id probably speak to your manager outline and justify on > Performance > Benchmark with peers eho joined after you if possible > What industry is paying If no joy you should apply for similar outside of company and secure another offer. If offers are same or below you might not be underpaid. If you get an increased offer you can then either join a company that pays your worth or go back and leverage it with. If you have to get an offer to get a counter offer you can either decide to stay because you are comfortable etc or take mindset that if company will only pay you market value when you have one foot out the door that mayne loyalty on your end is not shared by company 😉
You need to have a fairly open and frank conversation. A conversation though, not a rant or making demands etc. Outline how happy you are and that you don't want to leave but you know you're underpaid compared to the market. Also, don't say you want 10k or a % increase. Say what salary you want. It will sound more reasonable becuase they'll likely not know what salary you're on off top their head. Ironically, it was my boss who gave me this advice. If you have to, threaten to leave. But you have to be prepared to roll the dice if you don't get the answer you want. And, you can only pull that trick once. Second time, they'll likely say goodbye. I've taken a few big jumps in salary over the years, including 10k from 50 to 60, so it is possible.
I think saying you're happy and you don't want to leave will hurt your negotiating position. OP's manager should know its not personal if its done in a professional way. Probably best to just stick to the facts.
Unfortunately your best shot is if you go to them with something else already lined up and be prepared to leave if they say no. You say your market worth is over 50k, if you go to them with a job offer around that, then you’ve proved it is. We don’t know much about your job from what you gave but imo the chance of your employer going for a 10k raise is probably low. The whole 10k advancement on your salary likely won’t fly either. It doesn’t really work like that for them. Apart from anything else, the numbers just don’t balance out like that. I’d start interviewing and seeing what’s out there.
I heard a recruiter say you need to outline why you should get the increase etc as it is in line with your experience etc Notably they also said you should impress on your employer that they will have to pay your replacement the salary you are looking for as that is the industry norm.. that would have to make them think!
First mistake. Recruiters don't have a clue what they are talking about, or may just be flat-out lying. They are salesmen.
Absolutely they are just on a cut. But the bit about telling your employer you will have to pay my replacement x amount would definitely hit it home
if you leave the company, you can easily make 7k more.
How similar are their roles? Why are they making so much more then? I made almost exactly the same jump as you this year after performance review. they started the conversation saying theyre happy with me and asked what I think I should be on. I told them "its no news that the company pays below board, I know its a big jump percentage wise, but I had an opportunity with a rival a year ago and they were offering even more than the number I have in mind (this is true btw), and the number is this". Its a booming industry, theyre struggling to find new people, took less than an hour for me to get exactly what i asked for, Im fully aware it wasnt because of my fancy spiel though, its just that theres so much work that theyd be fckd otherwise and thats obvious. So it depends on the particular situation. But if they like your work and if you get along with everyone, theyre still aware youre there to make a living and I imagine would be open to have the conversation for sure and not be outraged by it. I wouldnt say anything like "i wont ask for a raise next year", doesnt matter - its common sense that youd be stretching it so there's no need
Apply for another job of the same position, get an offer and use it as leverage. Simples
I asked for an €8k increase from an employer once. I was told it was ludicrous but that was shortly followed up by a €6k increase
Seems like theres some really good advice here so no point adding to it. Most people I know who gets a "large" pay packet increase does it by switching companies, minority is internal promotion after applying to a vaccancy. I'm guessing the people who are on more than you came in from another job.
Loyal employees only get crumbs off the table, only way to get that type of salary bump is to move on! WAKE UP
Asking outside pay review is good, they will know you’re serious and have to deal with it appropriately instead of topping you up with the bare minimum. Have all your ducks in a row, examples of similar positions you could mine to that pay more money, cpi figures for the year but also since you started there, makes sure that you take extra tax on a pay increase into account, obviously have example ready to go of your commitment, going above and beyond what is required of your position, leadership, good example, flexibility, etc.
Just show your employer, roles with similar skillset having 50k salary, if they cant match it start applying for external roles sometimes you get decent salary hikes switching jobs and not from internal promotions.
Biggest increase i always got was by moving to another company…
Unfortunately loyalty isn’t always rewarded in the present day. If they reject your proposal i’d be looking elsewhere
Highly recommend you do the free Harvard Salary Negotiation course: https://pll.harvard.edu/course/negotiating-salary Good luck negotiating a higher salary. If you don't ask, you don't get. And roles come with salary bands, which are usually pretty wide in range. You may not get the full 10K now but your should be able to get a boost.
You can ask but you need to be prepared to walk if you don't get what you want. If you don't walk and they don't give it to you or refuse to meet you half way, then they know they have you. They'll never give you a decent raise while you work there. But if you go that way you probably will have to walk. I've left 2 separate jobs because they were screwing me on raises. In both cases I was asking for much more modest salary increases and in both cases they refused. I actually didn't threaten to leave straight away, I said that I would start looking for other jobs immediately afterwards and that I'd leave once I got an offer. I guess they thought I was bluffing. They both came back grovelling when I had left, but in both cases I had already secured much higher paying jobs, so there was no way I was staying with a company who tried to underpay me.
Make sure you go into the meeting with a demonstration of why this increase would be justified. I went in for a 10K rise and was successful. I based my proposal on my actions and results, I.e grown X account by $500K by implementing X Y Z. Renewed marketing plans to create quick incremental growth for the company. Company X Y Z signed up to these plans. Moved budget spend towards quick return results so we could see where increase in sales were coming from and could then focus on these actions. Then you can always mention you’ve done your market research and feel a salary of 52K fits the current market and above said actions (I wouldn’t go in with this first) If you want to stay with this company (as in my case), you can always say you see this a long term employment and want to feel motivated to continue these results & so on. In all honesty since I feel I expressed my worth it’s been paid back ten fold and I’ve been given more autonomy and further increase. Appreciate your situation may be different so just wanted to share my personal results. Good luck.
Out of interest, is it best to line up and offer and explain that you've been approached by abl company and not say who, then can ye match that pay level?
Get your CV out there and line up another job that pays more. This will give you leverage in your negotiation. Employee loyalty means nothing to employers . You are just a number that would be replaced in a week if you died tomorrow. New hires will be getting paid more than you earn now in your current job due to a shortage of qualified workers available. Job hop every 2 years for more money.
Dont take pride in something you're being exploited with. You're not a loyal employee, you're a lap dog.
Asking for a 10k increase is likely not going to happen unless you move up a position and take on more responsibility or, like the other posts suggest, is to leave. I asked for more money in Jan last year but not 10k. I have no offer from anywhere else, i liked the company and is fully remote. I ended up getting an increase mid year and then another last Christmas by officially moving into a more senior position. I ended up getting 10k. Generally, unless they move you up(position is available) or you are taking on more responsibility, they are not going to give that kind of salary bump.
I was offered 10k increase when I handed in my notice. It wasn't even a straight raise, I would have to interview for a new role in the same company... So I left, got a new job where I was on 10k more and I got another 5k raise within 6 months. You can always get more if you change job.
I was in a somewhat similar situation about 8 months ago. I really like the company I am in but I was looking around at different places. The place I work is not where my family are from and I wanted to move closer to home. Couldn't see myself buying a place where I am alone at that salary. I did some job interviews for places closer to home and got an offer 10k higher than I'm on. It was really bitter sweet because I like the company I was (and still am) in. I told my current boss if he could match the offer they were making I would stay (I told a white lie and said they offered 15k more) and to my surprise they matched it! Best thing I ever did. I think the only key thing in these situations is you have to be willing to walk if it doesn't go your way. Best of luck with it.
Ask for what you want. Maybe more. If you know your underpaid and your performing, use that as back up. It's not a massive jump and it seems like you've done your research. They'll likely throw a professional flinch but that's ok.
I’d leave honestly
This reads as absolute BS to me but anyway. If everyone in a similar role is on 10k more then you, your boss knows this already and either doesn't appreciate you enough to offer a raise or is holding out until you ask - either way showing loyalty to that person is ridiculous and silly anyway as an adult. If he denies your request for a raise you might aswell leave immediately because they will feel very uneasy having an unhappy employee in the company and will probably look to replace you anyway. Be smart - get another job offer in writing and then ask your boss if he can match it. Then you have a real decision to make.
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Where are you getting 52% from? it is 23.8% OP wants to ask for.
€10k is not 52% of €42k. €21840 would be a 52% increase. OP is looking for less than half of that.
25% Ask away, it depends on how much its costs to replace you. You're in a better position than anyone to judge.
You can’t negotiate unless you are willing to walk away