'I know I’m being a pushover': Woman grapples with a measly $1 dollar pay raise after five years of employment

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    Head - L i "$1 dollar pay raise... I waited [five] years"
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    Font - Posted by u/AlexaRose98 5 hours ago I got a dollar raise for a promotion I waited years for..now what? Advice s
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    Font - So I have worked for a major retailer for the past 4.5 years. This was my first real job solely focused on finance..it is a corporate job and I started in the AP department as a "finance specialist." I know I got a low amount ($18/hr) since I was just starting and was focused on landing the job. I push myself daily and get "consistently exceeds" on yearly reviews yet my raise when I finally was
  • 04
    Font - giving the senior role on our team (still not a lead) was a little over a dollar. With our yearly raise, I got an additional 2.5%. This doesn't even seem to meet inflation and was brought up to our director by another associate, but she brushed it off saying they try to be fair. The employer offers tuition reimbursement and I have one year left so I can't quit but I still want to fight for myself if I deserve it. I had an
  • 05
    Font - associates when I started and decided I might as well once they began offering reimbursement. I love the culture apart from the pay but I know I'm being a pushover. I am now at $23 an hour after almost 5 years but I do forecasting for all inbound freight for the company, reporting, budgeting, and more analyst duties now. I have a touch base with lead today..how do I nicely state they should
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    Font - be compensating based on performance? *edit to add - I have about 10 months left until I receive my bachelors and there is no requirement to stay after that point luckily. I was hoping to get at least somewhat closer to what I deserve even while working to complete that. Guess I am going to continue trying to make my case for now
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    Font - If anybody has any suggestions on getting a job in market analysis and if I would have better luck there, I would love to hear. I'm open to learning SQL and don't have a passion for finance, but I do enjoy researching and digging around in data. Marketing has always been in the back of my mind, as my bachelors will be an accounting degree with a minor in marketing.
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    Font - LandinoVanDisel · 5 hr. ago The best raises come from switching jobs. You'll earn an easy 25%+ promotion instantly by applying your market value with companies with higher budgets for candidates. Loyalty isn't rewarded with most companies unfortunately.
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    Font - deacon050c 2 hr. ago I can attest to to this. Left a company I actually enjoyed working at for the last eight years. I've tried lateral and upward moves and the salary was at most $1000 more. Started with a new company last week, 20k increase for a position similar to mine. I kinda regret not doing this 3 years ago.
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    Font - bossbabe2020 · 59 min. ago I agree. I was in a job that I enjoyed for 2 years. I got one raise that was 2%. Not to mention already being underpaid. So I started applying and just recently landed another position that doubled what I was making. Unfortunately that is what it takes to make more money
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    Font - banjaxed_gazumper 2 hr. ago ● People like you are the reason companies don't give raises. They want those employees that will stick around for 8 years despite being underpaid. 4 Reply Share ●●●
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    Rectangle - banjaxed_gazumper · 54 min. ago I mean, yeah. You should change jobs when you're underpaid. Vote Reply Share
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    Rectangle - 49hours 1 hr. ago ● Amen. They know that someone is long overdue for a raise but they will squeeze every corporate penny out of everything and everyone until they are confronted and put in their place.
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    Font - banjaxed_gazumper · 55 min. ago If most employees left when they were underpaid, systematically underpaying would not be a profit maximizing behavior. Since there are tons of people who will stick with their current job even when they're underpaid, it does maximize profit to give low raises.
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    Font - RightSideBlind. 2 hr. ago Yep. I just found out that the promotion I've been working for the past year won't be coming because it had already been given to a guy who was hired long after I was. The only way to get non-COL raises at this company is to be promoted, so
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    Font - until he leaves I won't be getting a raise that does anything more than keep me just slightly at the inflation rate. In all other respects, I love this company, but I've started looking elsewhere. 9 Reply Share
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    Font - oe_throwaway_1 1 hr. ago Yep. Took me a few years of 2% raises & record company profits to come around. Go somewhere else, you'll likely get enough of a raise to offset the tuition reimbursement.
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    Font - Beatrix_BB_Kiddo 1 hr. ago ● 1000% this!!! I think it's a good rule of thumb to look every two years for new companies with a lateral or vertical move up. I've more than tripled my income in the last 5 years by doing this.
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    Font - dancing_dud3 2 hr. ago edited 2 hr. ago Im going through this now, current employer is paying me 75-100K less than my peers (they've been in the company for 20+ yrs). I applied externally and companies were offering me 3 to 4x my current pay.
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    Font - Didn't get the job yet but motivated knowing life changing money is out there. For edit: I have been in this company for 7yrs and part of it is my fault for not realizing the value I delivered at work is the same as those my peers.
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    Font - Ih8YourCat 2 hr. ago edited 2 hr. ago Wow. Just did the math from when I switched jobs 2 years ago and this isn't far off. I received a 20% increase from that move. Edit: I stand corrected - annual bonus brings me to 25% exactly. Impressive guess work.
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    Font - zornmagron 50 min. ago this is the truth...you have to go where the money is. I got redlined at 42 where I was working. So I left and got an instant 30 percent increase. Then the new job offers started to happen after I handed in my notice. Don't fall for it I took the new job and was happy I did.
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    Font - Puzzled89 5 hr. ago 5 years experience and a degree? There's much better paying jobs for you out there. If you like the job, research some salaries for comparable jobs at other companies and bring to management. If they can't match then you need to start looking elsewhere for what you deserve.
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    Font - DazzlingPotion 2 hr. ago You can probably get at least 20% more by leaving. Start interviewing and see what kind of offers you get. It doesn't hurt. You will be attractive to new employers with a 5 year history at your current job and also the proper skill set.
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    Font - Bleachighost 3 hr. ago . I almost doubled my salary moving to another company My exit interview they asked why I was looking to leave. I mentioned low pay and high COL in florida. They mentioned they were working on increasing pay but I ain't waiting around on false promises
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    Font - halnic 2 hr. ago Employers aren't even meeting expectations these days. They should be grateful we need money to live because they're all such trash nobody would show up if not for fear of suffering (example - air conditioning is expensive, especially in Florida).
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    Font - banjaxed_gazumper - 2 hr. ago Yeah I changed jobs 4 times in the last 5 years to go from $110k to $260k. I'm back at my original job now and my peers got bumped to like $150k in that time period. We're doing identical work and I'm not any better at it than them but I make 70% more than them because I left and came back.
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    Font - It has the added benefit of increasing your network. If my current job falls through for any reason I could always go back to one of those other 3 employers or whatever new company my old coworkers have moved on to.
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    Font - Probably 2 years per job is better than 1 though since my resume could raise some red flags to some hiring managers. It would be reasonable for them to wonder if I'm going to quit after 1 year. Reply Share 2
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    Font - Particular_Savings60 2 hr. ago Switch to a different employer NOW. Do not wait. You are actively screwing yourself by staying with an underpaying employer for so long. 1 Reply Share
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    Font - AlexaRose98 OP. 3 hr. ago I appreciate all the insight. This thread pushed me to ask for it. Time to wait for the higher ups response.. how they respond will determine if they keep me as an employee 7 Reply Share ●●●

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