View Full Version : When is the right time to ask for more $$$?
mystkev
05-15-2008, 07:42 AM
My position has changed quite a bit since I first started at my job. I have taken on more responsibilities, including those that used to belong to those with a more Senior role. We are about to convert to a new system and I have been given a good chunk of my Senior's work. Is now the right time to say give me more money?
In my department there are two staff accountants (i am one), two seniors, asst controller and a controller. I make less than everyone. As it stands now I have more responsibility than the other staff accountant as she was hired for one specific duty.
Now what I was told is that they want my position to expand and would like for me to grow. Well they gave me a raise, all of 1.75% (da fuck?).
How do I go about asking for a raise? Am I even entitled to one? How much more should I ask for? The other staff accountant makes about 13% more than I and has about 1 more year experience than me.
Oh, they also want me to work 12hr days, but I don't really feel like they are paying me enough for that.
I know I said a mouthful. What do ya'll think?
:cool:
I didn't know you were an accountant.
I can suggest a few things:
You can hit them up right before compensation time;
You can push for a promotion;
You don't want a raise, you need a salary adjustment;
Start looking for another higher paying job, and when you get an offer, let them know it's all about the money and you would stay if they matched the offer.
It's been my experiance it's easier to get more money by just changing jobs, unless you got them over the barrel like someone in the group has left and then you hit them up.
A lot depends on the company and your controller or assistant controller meaning if you are in their good grace for them to buck the system and do what it takes to get you more money.
mystkev
05-15-2008, 08:03 AM
Yep I'm an accountant. I am starting to study for the CPA exam as well.
Salary adjustment, I like that. I am looking now. I hate job interviewing :blah:, but I will do what I gotta do to get my money.
:cool:
The exam is given in May and November correct?
Do you really want to start a new job and study for the exam at the same time?
Will you be taking a review course? I took Becker CPA review back in the day and it served me well.
Passing the exam will open doors for you that would otherwise be closed. You should take it seriously.
mystkev
05-15-2008, 08:27 AM
I do not want to find a new job while I am studying for the exam. This is a dilemna for me. But remember my current job wants me to live here even though it is not necessary to meet my deadlines.
The exam is given several times a year now. 2 months on and 1 month off. So January, February (can take the test), no test given in March and so on. Oh and now you take all 4 sections separately.
I am using the Becker flashcards to study, but I am going through Roger Phillip CPA Exam Review (I believe he is local to SF).
sistuhchey
05-15-2008, 08:56 AM
:cool:
A lot depends on the company and your controller or assistant controller meaning if you are in their good grace for them to buck the system and do what it takes to get you more money.
I'd defintely let them know I was preparing for the exam..and how important it is to me...it's obvious they know you have the skills and the education...and that's worth$$ something.....Myst..since I've known you professionally and educationally you've made leaps and bounds...one monkey don't stop no show..and 1.75% is what it is..for now, I at least though 3% was the norm.......once you're certified..your choices become broader $$$...I say stay there until you complete the exam....doing a new gig, learning a new company..all while preparing for the exam..can add some pressure...
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