Negotiating Raise for 2019

New / Eng
pFaT50

New Eng

pFaT50
Jan 8, 2019 11 Comments

This week we're doing reviews and looking at raises at my company. 100 employees. National company in fin-tech sector. Company is cashflow positive.

I'm 6 years experience as software engineer with $110k + $12k bonus + 2k stock options.

I know that I'm a high performer. (If you want me to say how I know, I'll go through the list.)

I was planning on asking for 5% raise. Too aggressive, not enough. Thoughts?

comments

Want to comment? LOG IN or SIGN UP
TOP 11 Comments
  • 5% is peanut. Ask for 50% and they will counter for 25%.
    Jan 8, 2019 0
  • Google
    QNrQ72

    Go to company page Google

    QNrQ72
    Where do you live? This is extremely low for Bay Area
    Jan 8, 2019 2
    • New / Eng
      pFaT50

      New Eng

      pFaT50
      OP
      South East US
      Jan 8, 2019
    • OmegaFi
      jorquart

      OmegaFi

      jorquart
      That's balling money in the Southeast
      Jan 8, 2019
  • Netflix / Eng
    BlndrThngs

    Go to company page Netflix Eng

    BlndrThngs
    5%? I’d interview around to get an idea of your local market.
    Jan 8, 2019 0
  • New / Eng
    pFaT50

    New Eng

    pFaT50
    OP
    To close the loop on this, my TC is now $125k base, no bonus, but same stock options. Basically, all my income is guaranteed now.

    I had asked for $130k and was told flat out not going to happen at my current level. That I'd need to get a promotion in order to make more, and that based on my current performance, that would be possible inside the next 2 quarter.

    I took it. But I'm probably going to start looking in 6 months if I don't get that promotion because it's a tech lead position.
    Jan 11, 2019 0
  • L3 Technologies / Finance
    Teltic

    Go to company page L3 Technologies Finance

    Teltic
    I'd interview to see what the market offers you. Then see if your company will match offers.
    Jan 8, 2019 0