Pay rise lower than expected

TBagpuss

Monkeyhat wrote: »

I've been there three years. Some further information: I made 2.5 times my wage in fees last year and my charge out rate went up 40% when I graduated. I am on the lookout for other options but fairly limited locally.

OK, I don't know what fiield you are in - in mine, 2.5 x income in fees is low. The starting point is usually 3 or 3.5 x. Do you know what is usual in your field?

If your charge out rate has incresed then you may be in a stronger position to argue for a raise once that sharts to show in your billing. It may be worth asking them to agree a further review in (say)3 months time ( or longer, depending what the turnover time tends to be in terms of work and billing)

As gettingtheresometim says, if they were giving you paid study leave that had a cost for them, so they ma feel that it is more appropriate to let you prove yourself before they think about an ysignificant increase.

Meantime, look around for other jobs. If you get an offer, then you cam ,ove to a new job, (or be in a stronger position to negotiate, but don't do that unless you are prepared to leave if they say no) also - how confident you are that the 'market rates' you are comparing are accurate? They can vary a lot depending on location, size of the employer etc, they are not necessarily accuarate.

Marcon

Monkeyhat wrote: »

I've been there three years. Some further information: I made 2.5 times my wage in fees last year and my charge out rate went up 40% when I graduated. I am on the lookout for other options but fairly limited locally.

2.5 x your basic wage, or 2.5 x the whole remuneration package? Either way, that's not a great return for your employer, depending on the field in which you work.

Why did you 'expect' such a massive increase, particularly at a time when many businesses are struggling?

By all means have another conversation with whoever the appropriate party is within the organisation, but try to make it emollient i.e. keep your options open and don't - at least not overtly - throw your toys out of the pram and say you'll be looking elsewhere. Try disappointment rather than anger and see if you can get some undertakings about future pay increases - preferably on the basis of 'if I do [xxxx], could we agree....' so that these can be followed up immediately after the conversation in writing and you then have a target to aim for, rather than allowing your resentment to simmer.

getmore4less

If you don't say anything you will get marked as the easy to fob off person.

You have to manage the situation going forward by setting expectations in advance and delivering.

TELLIT01

Monkeyhat wrote: »

I've been there three years. Some further information: I made 2.5 times my wage in fees last year and my charge out rate went up 40% when I graduated. I am on the lookout for other options but fairly limited locally.

If I take my car to a main dealer I'll be charged in the region of £50 per hour for 'labour'. Most mechanics don't earn anything like £20 per hour. On top of their hourly rate there is employer NI, pension contributions, all the running costs of the business (which includes bonuses to staff and to the people owning the company). I fear you are not being realistic in your expectations.