Employee doing the work of 2 people asks company for a $40K raise: 'It would cost the company $120K to hire another employee to do my previous job.'

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  • Vertical waist up portrait of young man in office looking at camera
  • Am I crazy for asking for a $40,000 raise?

    Long story short, I got a specialized graduate degree to be able to do my job really well (employer didn't assist with cost of tuition).
  • I ended becoming so efficient at my job that they are promoting me to take my boss's job who is retiring and they are having me do my old job as well.
  • Portrait of a senior man that stands in front of a team of elderly businessman architects that are having a meeting in the office
  • The issue is they gave me a raise (I'm salaried) of a couple thousand dollars for essentially doing 2 jobs.
  • I calculated out the cost of what it would be for the company to hire another employee to do my previous job, and it was about $120,000 (salary+benefits).
  • I plan on asking for a $40,000 raise which would be 1/3 of the total value I am saving for the company.
  • In other words, by me sticking around and getting paid $40,000 more the company still saves $80,000 by not having to hire someone else.
  • Close-up of two young men in formalwear shaking hands while sitting in the office
  • Also, by me doing these 2 jobs I will be working at least 5-10 hours more per week.
  • Am I looking at this right or am I completely out of touch with reality? Thanks in advance!
  • Bucky2015 >I calculated out the cost of what it would be for the company to hire another employee to do my previous job, and it was about $120,000 (salary+benefits). You'd be surprised how many companies are fine just completely ignoring that point. Did you do any salary research to determine what the market rate is based on job title and responsibilities in your part of the world?
  • Fantastic-Owl-2428 You're out of touch unfortunately. Your case is completely logical, but companies would rather f around and find out than give a raise like that.
  • Short_Ad3957 What's funny is that they will deny your raise, and when you leave, they will just hire someone for 120k costing them 80k more, along with downtime. This is the way
  • Late-Dingo-8567 what size is this company? if its large, 0% chance this will work. If its very small and you are actually critical to the operation, possible you will get something. if you'd be happy to get 2-3x the 4 figure raise you got, I think a chance this works out at a small place. if you actually are expecting a 40k raise and the starting place was 'a couple thousand', I'd make sure you are job hunting because you won't end up happy here. I feel you, I'm just offering my perspective afte
  • qwertyorbust I've saved companies millions. I never saw a dime of it. Good luck!
  • owera 1211 Your reasoning wont work at most companies. Whats the market value for your position?
  • funny_funny_business HR usually has salary ranges for positions. It's easier for them to justify another position for $120k than to have one guy "out of range" who is making $160k when the position tops out at $130k. There can be exceptions, but usually you need VPs to sign off on a salary that's a bit more, like $140k if the top was $130k. As others have mentioned though, depends on the size of the company. But if it's a company that has a formal HR department with these standards I wouldn't ex
  • PugLord219 Anytime you come to your employer with the "well I'm saving you $x by doing this person(s)'s job" you are walking in with a losing argument. Highlight your value but don't act like it's some formula - because it isn't.

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