I've told my boss I'm around 20k under average comp. I like my work, I just had a friend hired from a referral a while back but I'm very underpaid compared to the dozens of companies that reach out to interview me. Boss told me today the project we've been working on will be a perfect selling point to get me a bump...boss said it'd take months to get it though. Should I stay or just walk and explain to my friend when I leave? Is this a normal stalling tactic? Have you ever gotten back to market value without a promotion or negotiation?
Your boss is lying that you will get a bump after project completion. This is a very common tactic. After your project completion he has no incentive to bump your pay.
I was way underpaid when I got hired as a new grad. Later I got a bump without asking. This year I got 2 bumps, a company wide comp change. Lie, not lie, I say it depends on your boss and nobody can tell you. Just walk away if you don’t believe it.
this. it all depends on how much you trust the guy
Have seen this thing over and over at work. Understand this, they will never pay you as much as they offer new hires. They will eventually have new hires fall inline with the rest. That’s how the system is designed. New offers are enticing so people take it up and don’t go to the competition. Your boss is just stalling. You can hit he ball out of the park on the new project but you still won’t get what you’re expecting. In 6 months the new excuse will be ‘let’s work on getting you a promo in 6 months - 1 year and we’ll fix it then’. Then there will be some other excuse about budgets or other BS. This is how the game is played. If you really love your job, stay. If you care more about getting the compensation you have in mind, leave and pursue that. Don’t let the system control you - take control.
Now that makes sense, but why would they fuck a top performer like that? I'm consistently the go to guy for everything in my area of expertise. Even the execs see the value in my contributions...
It is called business. By increasing your pay they will increase costs which affects bottom line. Your boss is obviously thinking that you are going to believe his lies and you will stay. I am pretty sure your boss is using nice words like you are the man, you are very important to the company etc. All this is to keep you so happy that you will be willing to work underpaid. He has to do all this, it is his job to improve profits for the company.
It's your job to get paid what you want. Bring an offer and ask them to counter it but be prepared to leave if they don't. Value your time.
Be careful. If they match or give you a better offer and you accept, know that they may now label you as disloyal. Either way you are better off jumping ship
I wouldn't take a counter offer, nothing will change and I really dislike another manager on my team that my boss lets run over me
You need to start hinting and bluffing that you might leave (if you’re valuable in his eyes he might actually do something about it). Maybe while you’re at it, find a new job. Sounds like he’s just dragging you along.
I have tested this and he encouraged me to look around. Maybe he thinks I'm bluffing. Will definitely be interesting to see the reaction when I come in with multiple offers and have to pick one.
This is bad advise. Absolutely do not pull the nuclear option of saying that you will look around. There’s no turning back after that. It poisons the well. Even if they give in and pay you the raise, you will still suffer in long term. If you pull the nuclear option you HAVE TO leave.
Sounds like leaving is your best bet, unfortunately. It's dad this is how you get big bumps, but it is.
He will likely give you a nominal raise. Something to make you think he tried but that’s all he could get for you. It’s all mind games. If he wanted you to stay he would have given you more money now
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I think deep down you know the answer. You sound like you don't trust him to follow through - trust your gut.
It's standard practice to pay more for a new guy.
So I think I should jump ship at that point, just don't really understand why they'd rather pay a recruiter 30k to backfill my role haha
You’re assuming they are thinking about this the same way as you do. From their perspective, they may think that you enduring this carrot on a stick farce is good motivation while you are at the end of your motivation. Companies are incentivized to pay you just enough to keep you. What is required to keep you and what they think it is seems to differ