raeoflyte
Senior Associate
Joined: Feb 3, 2011 15:43:53 GMT -5
Posts: 14,770
|
Post by raeoflyte on May 7, 2013 8:28:46 GMT -5
How much of a pay increase would you expect for a lateral move at a new company?
Just bringing my bonus income back in line with market standards would raise my income $10k. But I'm not sure that is enough to jump into the unknown. At $15k though there would have to be a compelling reason not to.
Also, since I'm looking at a lateral move I feel like I should give my job a heads up that I'm looking and open up compensation talks. When and how do you do that? I had a couple meetings with my manager and another branch about career plans when I came back from maternity leave. But dd was barely 2 months old and refusing a bottle. My only goal then was to get through the day. I'm wanting to sit down with my manager now that things have settled down, but Im not sure I want to tell them I'm looking without having a firm.offer in place.
I have a job offer now that we are at salary negotiations, and I am confident that I'll have at least one or two more interviews this week. The job isn't my first choice, but it has a lot of pluses, namely 40 hour work week still with more money. I don't want to end up some place where everyone works 60 hours a week.
Timing is really hard for me on this. I don't want to miss an opportunity, but I'm not in a hurry either. So how much do I stall in the first offer, while I wait to see what else comes in.
|
|
NomoreDramaQ1015
Community Leader
Joined: Dec 20, 2010 14:26:32 GMT -5
Posts: 47,559
|
Post by NomoreDramaQ1015 on May 7, 2013 8:39:50 GMT -5
I don't plan on letting my employer know anything unless I have signed all the papers and have a start date. I don't feel that I need to plant seeds concerning my employability while I'm just looking. And just because I accepted a job over the phone, I know from experience I don't have it till all the paperwork is done.
I wait till I know I can walk away from the table if things don't go my way with my current employer.
I got a 10k increase in salary moving from Creighton to UNMC for a similar position.
I take into consideration now that I have the equivalent experience of someone with a master's plus 2 years and that my salary was been frozen for three years. I've looked at the salary range for positions similar to mine requring a master's in both private and academia.
To move I want at least another 10k increase, preferably more. I'd take less if the job is on the fast track to move upwards in the company. But I am not going to leave here for the same or less pay for a lateral move.
I also know my full compensation package. I'm leaving a lot of non-salary perks on the table if I leave here. If the company doesn't offer it I'd want my salary to increase to make up the difference.
I got a part time job offer here and had the paperwork when I first graduated. Then I interviewed with Creighton and it seemed like I had the job in the bag. I sat on the paperwork for two weeks, which HR wasn't super thrilled about. They understood when I told them I had a better offer and was sending the paperwork back to them. I'm currently working here so it didn't hurt me too bad.
I wouldn't go longer than that. I didn't really want the first UNMC job so waiting that long wasn't a huge loss for me. If it's a job I really want I wouldn't wait around for better offers. I can always keep my options open after I accept. Most jobs have a probationary period where the employer can terminate or you can leave with no hard feelings.
|
|
milee
Senior Associate
Joined: Jan 17, 2012 13:20:00 GMT -5
Posts: 12,344
|
Post by milee on May 7, 2013 8:42:20 GMT -5
In my experience, salary negotiations with a current employer shouldn't include the discussion that you have other offers or that you're actively looking. Once you tell an employer that you're looking (or worse, have another offer), you're no longer viewed as a long-term employee. So they may match an offer to keep you there while they figure out alternatives for the long-term, but you are never again viewed in the same way and end up having to look outside the company anyway. IOW, it's a short term gain. That may fit your current plan, though. Just something to be aware of.
If you want to negotiate with your current employer, do it in terms of your performance, market rates and things that are independent of an outside offer. Have this discussion now, no need to mention other offers or that you're interviewing. You can use the results of the meeting to know what your current employer thinks and then can plan accordingly.
|
|
raeoflyte
Senior Associate
Joined: Feb 3, 2011 15:43:53 GMT -5
Posts: 14,770
|
Post by raeoflyte on May 7, 2013 10:18:12 GMT -5
It sounds like we are in similar spots drama. I also want to keep most of my non salary perks, or would want a bigger jump to let them go. That's a good point Milee, and since I've already done that once with this employer (to be mommy tracked) I really don't want to do it a 2nd time. There are things I really love about my job. But I guess I'm feeling like now is the time to change. I think that I've missed the boat here since I wasn't ready right after my leave. I'm also a little frustrated that with all the changes that they were proposing, and that while I didn't move offices I've increased my production above what they had asked of me, that they haven't broached compensation with me. Im sure that's pesky girl conditioning waiting to be rewarded for hard work, but if they wanted to keep me a carrot would have helped.
|
|
alabamagal
Junior Associate
Joined: Dec 23, 2010 11:30:29 GMT -5
Posts: 8,130
|
Post by alabamagal on May 7, 2013 10:31:10 GMT -5
It all really depends on the job. I don't think telling your employer that you are looking is really a good thing.
My brother works for a TV station in local news in a technical role. The industry has gone through some rough times. A year ago he got a job offer at a bigger station for $10k more. It would have been ~45 minute longer commute. He actually put in his resignation, then 2 days later they came back and matched his salary. He will probably work there for 20 more years.....
|
|
NomoreDramaQ1015
Community Leader
Joined: Dec 20, 2010 14:26:32 GMT -5
Posts: 47,559
|
Post by NomoreDramaQ1015 on May 7, 2013 10:33:33 GMT -5
Does the current job offer give you what you want or is it you just feel pressured to accept because they offered?
So what does this job offer that would make it worth jumping for? Would it offer you more mobility/money/flex time/opportunities etc? Or would you basically be in the exact same position you are now making slightly more money?
Did you apply for other jobs that you'd want more?
I had a job interview with Streck and after further discussion I told them thanks but no thanks, that was last year. I'd be stuck in the exact same position I am in now. Granted I would have made some more money, but I'd be back to bottom man on the totem pole and just trading one set of headaches for another.
I would have jumped if the ConAgra job had been offered to me. I would have even considered jumping for less than a $10k increase. It's a great company and a great field for me to break into right now. The job would have offered me the opportunity to learn a lot of new skills and continue to sharpen my current ones. They also have training programs available and encourage promotion from within. I'd be stupid not to take a job there if offered one.
My view on it is that I am in no rush to move, I do not NEED a job. I have the luxury of being as choosey as I want to be. I don't need to take the first decent offer on the table.
My pay stinks compared to similar positions elsehwere but like I said I get a lot of non-salary perks. I'm also moving forward with things like writing/publication. I got a lot going on that it's in my advantage to stay if the other opportunity is less than desireable to me.
|
|
thyme4change
Community Leader
Joined: Dec 26, 2010 13:54:08 GMT -5
Posts: 40,510
|
Post by thyme4change on May 7, 2013 10:33:57 GMT -5
Doesn't lateral move indicate it is at the same level, and therefore probably wouldn't command a pay increase? I mean, if we had admin assistants moving around from one department to another every 6 months, I would hope they don't expect to increase their pay every time. They could end up making a hundred thousand dollars if they did that.
|
|
raeoflyte
Senior Associate
Joined: Feb 3, 2011 15:43:53 GMT -5
Posts: 14,770
|
Post by raeoflyte on May 7, 2013 10:48:52 GMT -5
My pay is still low from the crash. The industry came back when I was pregnant with my first and I wanted to mommy track instead of go after more money.
The mommy track never worked out the way we had hoped, and I don't want to stay at a lower salary/bonus when I'm a top producer and not getting the slower pipeline that was the point of the mommy track.
|
|
Deleted
Joined: Jul 8, 2024 2:30:00 GMT -5
Posts: 0
|
Post by Deleted on May 7, 2013 10:57:50 GMT -5
Doesn't lateral move indicate it is at the same level, and therefore probably wouldn't command a pay increase? I mean, if we had admin assistants moving around from one department to another every 6 months, I would hope they don't expect to increase their pay every time. They could end up making a hundred thousand dollars if they did that. Not really. The pay rate for my position varies from $53,206 - $86,000 (both guys I replaced made 15k and 18k more than I did). The ones on the higher end tend to have more experience/years in the business yet we share the same title/responsibilities. I saw a posting for Director of purchasing for my company and the salary range is $93,000 - $150,250 depending on experience level. Anyway back to my position, many times there is 10-20k difference between me and the other co that have been with the company/industry for 15-20 years. So I can leave my company for another one (lateral move) and get a 10-20k raise. Many times there is a big gap in salary for the same position. My wife got a lateral move and it came with a 10k raise. For her field (Research coordinator/assistant) the pay rate is from 40k to 70k .
|
|
raeoflyte
Senior Associate
Joined: Feb 3, 2011 15:43:53 GMT -5
Posts: 14,770
|
Post by raeoflyte on May 7, 2013 11:02:25 GMT -5
Does the current job offer give you what you want or is it you just feel pressured to accept because they offered? So what does this job offer that would make it worth jumping for? Would it offer you more mobility/money/flex time/opportunities etc? Or would you basically be in the exact same position you are now making slightly more money? Did you apply for other jobs that you'd want more? . More money would be the reason to change. It's a small set up, with some big changes planned within the year so I could have a lot of input into how things play out which would be a resume boost. The new place would help me get into sales more too. There are 2 other lateral moves that I should be talking to more this week. There is one other job that I *really* want to interview for, that I haven't heard back from. It could be awesome, or it could suck depending entirely on who I would be working with. It wouldnt be a lateral move, and would put me squarely in sales while still getting a good base salary.
|
|
NomoreDramaQ1015
Community Leader
Joined: Dec 20, 2010 14:26:32 GMT -5
Posts: 47,559
|
Post by NomoreDramaQ1015 on May 7, 2013 11:14:04 GMT -5
So would it be worth moving for or would you be tradiing one set of headaches for another? Could you bring yourself to leave this job if the job you REALLY want calls back and offers you the job? I'm not trying to talk you out of it, just point out this is a chance to be picky, so take advantage of that fact. For me the next leap also has to be the best for me career wise. I don't want to jump solely for the dollar signs and find myself in the exact same position I am in right now. Not that I would complain if I make more money doing what I do now. Which is what I did by not moving with my former boss. I don't regret it but now I'm at a point again where I'm picking up steam. I don't want to shoot myself in the foot again. I made a list of things that are important to me career/advancement wise and I took it with me to my in person interview with ConAgra. I learned a lot by asking targeted questions. Also I coud sit down later and really review the position vs my current one and decide which one was better for me.
|
|