How to ask for a raise?

[svandamme]

boss needed a new password


password was changed to "raiseplzk?tx!"

[sck007]

Looks like above comments pretty much cover the various positions. I like to share my past experience as a controller for private and public companies. I remember when I first started as an entry level accountant years ago. Part of my responsiblities included posting and reconciling payroll. I had access to all the wages of all the employees. Co-workers always asked what their manager's or peers were getting paid. I had to have thick skin in addition not to disclose confidential information. There is always someone out there that will make more than you that you see as someone less qualified.

What if your company hires another individual and you find out that they get paid more than you? Will you get upset again? It will be a never ending cycle. Sounds like your happy at your company which I feel is better than most people can say. You got a raise recently at 5% which sounds pretty good. It may not be great if the company wide raises averaged 7%.

I know of a bright engineer (EE) I worked with over 10 years ago. He is still with the company (>25 yrs). It was his 1st job out of colledge. He was underpaid based on the market place. He was getting 3-7% a year raises. He was happy and never considered looking for greener pastures. If your company is hiring than they have to pay the going market rate which may be a little inflated due to your industry. There is a lot of variables. You may not know they got a signing bonus. If they weren't local, than moving expenses are included.

I think timing is what will impact you most since you got a raise in July. Usually, budgeted numbers were already provided when they did your dept's forecast. Your new manager should meet with you to provide his goals for you. Also, you should meet with your HR manager since you are changing depts. They are a great source of finding out your pay scale in your new dept and responsiblities for your new job. You can voice your any concerns there that should be confidential.

Good luck!