Unexpected Frustrations, financially

July 24th, 2008

I said I was starting with the good (and oh, it was good), but today I’m telling you the bad news (and to me, it’s very bad):

I still haven’t gotten the raise my boss said he’d fight for, the one I asked for over a month ago.

I was planning to follow-up with him a month after asking, but he actually beat me to the punch, telling me he’d been busy and that maybe he’d be able to work out a bonus instead.

This concerned me for two reasons:

1) A bonus is not a raise. it’s one time. it’s potentially small (true, potentially big, but doubtful). It’s also, necessarily at our company, based upon proof of some grand accomplishment. While my work has been consistent and good, it hasn’t suddenly spiked.

2) A vague suggestion of a bonus is no guarantee. I already waited a month after asking, and now he gives me no concrete answer, no specific, tangible hope of what I can expect or when I can expect. Since then, I’ve heard nothing.

This has been percolating in my mind for a couple days now, and I’m not sure what to do next. I like my job, I like the people I work with, I like what I’m doing and think it good for my future career. However, if there’s no hope of advancement/promotion/moving up, while there are plenty of new projects/assignments and responsibilities, maybe I need to start thinking about moving on.

One thing’s for sure, I’m not quitting without another job lined up.

Right now, I’m just doing a lot of weighing: staying versus going, applying elsewhere versus more aggressive negotiating here, being thankful for what I have versus wanting more.

Am I being schmoozed? Or is it crazy to want a raise after one year? I mean, really? Am I being unfair to my boss?

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5 Responses to “Unexpected Frustrations, financially”

  1. Randy Peterman on July 24, 2008 11:45 am

    Know, yous are not remiss in axing for a raze. As an auditor you keyp the publisheded material form looking leik this comment. Yous keep the quality purchisable. Yous keep the busines helthy like an underpayd wite blood sell keeping a boddy gooder.

    [that was hard to do - I know I have grammatical challenges, but spelling and "gramming" like that was hard on my braing]

  2. Zombie Money on July 25, 2008 12:53 am

    I agree, I’d rather take the raise than bonus. Good luck!!

  3. Casey on July 25, 2008 10:49 am

    I don’t think it’s out of line. You do an important job and I’m sure you carefully weighed your importance at the company before even asking for the raise in the first place.

    I actually was stuck in a similar place as you a few weeks ago. I had done research into what the going rate was for my profession in my geographic area and discovered, as I suspected, that I was being signifcantly undercompensated.

    I was unsure about asking for a raise after only being with a company for 15 months, but I brought it up with my boss. It took him over a month to bring it to his boss, and I had to bring it up a couple times in passing to remind him to bring it to his boss.

    Now I’m stuck at the point where they have both approved me getting a raise this year, but the amount hasn’t been decided on and it’s somewhere in “pending land”.

  4. Bonnie on July 25, 2008 6:22 pm

    As you know, I am currently looking for a job, and a big part of that is because I have asked for a raise and haven’t received one, despite taking on many of the former responsibilities of my boss. If you deserve a raise, then you should get one!

  5. End-of-the-Week Updates & Round-Up at This Writer’s Wallet on July 26, 2008 1:42 pm

    [...] I got the raise. Sort of. Basically, my boss worked out a way for me to get a bonus-based increase each month that [...]

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