So I sat down and had my yearly eval yesterday. Because of the poor economy the last 2 evals 1 yr and 1.5 years ago were performance only because it was decided by the powers that be, that to cut cost and not cut jobs, no raises would be allowed until we came out of the recession. Well our company is back on the uptrend (orders are up, stock is up, projected profits are up) and they once again are allowing raises (take into consideration that I have been here for 2 years now without a raise, not even cost of living raise). Since I have been hired, our insurance premium has gone up twice, $910 a yr the first round and $1100 a yr last round. I was hired on as the first of my job title, and since being hired, we have hired 5 other people which has moved me up to the manager of the department. I have been working extremely hard putting in 50-60 hour weeks (salary based off 40 hour weeks) to get the systems this company has needed for years in place and operational. Some of the different systems we have in place have already proven to save the company upwards of $1.5million+ and that was in the first 14 months.
When my eval was presented to me, there was nothing but positive things to say, it stated the appreciation that I put in the hours I do, and the CEO even dropped in a note saying that our department will only continue to grow (giving me more responsibilities) and also to thank me for my service. We got to my upcoming goals and expectations and I honestly think that my work load will be significantly more in the upcoming year to the point that I don’t know how I will get it all done. After all that, we get to my raise, and they present me with a $1000 raise like I just won the Nobel Peace Prize. I know I should be happy with any raise in this economy…but its not like I just got one last year…or the year before that. My raise means I am making less now than what I was when I started because of the benefits increasing. To top it all off, according to cbsalary.com….i am making roughly 25-30% less than the average salary for my job title in my respected city and state.
So my question is, how do I respectfully bring this up to my manager during our follow up meeting? I have not signed my contract yet as they give us a few days to review it and then we discuss and sign. I was hoping for at least a $5k raise to get me close to what the average salary is, besides the fact that I have become the manager of the department between now and when I was hired on. I love my current position, and like the company I work for…but if I have to live on this salary for another year only to break even next year or still be behind times if another benefits increase comes through…I will need find a better paying job. Any tips!!
PS....sorry for the rant
When my eval was presented to me, there was nothing but positive things to say, it stated the appreciation that I put in the hours I do, and the CEO even dropped in a note saying that our department will only continue to grow (giving me more responsibilities) and also to thank me for my service. We got to my upcoming goals and expectations and I honestly think that my work load will be significantly more in the upcoming year to the point that I don’t know how I will get it all done. After all that, we get to my raise, and they present me with a $1000 raise like I just won the Nobel Peace Prize. I know I should be happy with any raise in this economy…but its not like I just got one last year…or the year before that. My raise means I am making less now than what I was when I started because of the benefits increasing. To top it all off, according to cbsalary.com….i am making roughly 25-30% less than the average salary for my job title in my respected city and state.
So my question is, how do I respectfully bring this up to my manager during our follow up meeting? I have not signed my contract yet as they give us a few days to review it and then we discuss and sign. I was hoping for at least a $5k raise to get me close to what the average salary is, besides the fact that I have become the manager of the department between now and when I was hired on. I love my current position, and like the company I work for…but if I have to live on this salary for another year only to break even next year or still be behind times if another benefits increase comes through…I will need find a better paying job. Any tips!!
PS....sorry for the rant