Question

Question.  I have my annual performance review at work tomorrow.Question. I have my annual performance review at work tomorrow. I’m putting together information to ask for a raise. One thing I’ve run across is to never compare yourself to peers. However, I feel a decent part of the justification for a raise it the disproportionate amount of responsibility I have when compared to managers in the same position within the company. I understand I should never compare the salaries of myself and others (even though it would help my case in this scenario), but do you think is it ok to compare my responsibilities to others? Of course, I have a laundry list of other benefits I have provided the company - aside from the fact that I handle more responsibilities on a day to day basis.  

Answer 1

Dave Ramsey has an excellent video about this subject. He has 800 in his company. Def a good source of info

Comments

I’ll check it out. I listen to his podcast. He’s kind of a goof but I enjoy the content.  

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Ive been following him for over a decade. Trust me, it works

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I just feel like most of his callers are idiots. He seems to think so too which is entertaining.  

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Dave has tailored himself to the person just awakening as to how money works. Igonant may be a better description! Lol

Answer 2

The best tip I ever got was make your raise connected to the business case. Connect your extra responsibilities to the added value you bring. Your employer and manager probably have a budget and they’ll have to go to their supervisors for the case too. Having a business case behind it makes it easier for everyone to agree to it. For instance. You’ve been assigned to lead projects A and B. Because of your added responsibilities you were able to add $200k of revenue to the project and company. On top of that you assisted and created tools that added $50k of revenue to project C (this will all have to be over expected goals). Then when you ask for a $10k raise, it’s easy to say yes because your added value was $250k to the company. Any company would be a fool not to get you $10k more in exchange for $250k more revenue. Again make it a cut and dry business case and your ask becomes much stronger. In that case too you wouldn’t need to bring up your peers’ salaries/responsibilities

Answer 3

Consider the needs, wants, and biases of the person you are asking for the raise from. Why do they want to give it to you. What needs of theirs do you fulfill that justifies it, etc.  

Answer 4

I think it can be ok to compare responsibilities. My wife and I both at different points in are career have done it and had it work most times. Recently my wife had a similar situation with her fill in boss in regards to the fact she has to perform the work of three people and has strict performance metrics while another job didn’t and paid the same. In short she didn’t get the raise but she got offered the job with less responsibilities but found it has a 50k student loan repayment benefit! You never know what the other side is dealing with either.  

Answer 5

Go for it

Answer 6

Discuss how you make the company more money. Don't compare yourself to anyone else in the company, it just makes you sound petty or jealous. Tell them the value you bring and how you think you should be compensated for said value.