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What would be the proper way to raise concerns regarding my compensation package to my current employer ? I feel like my skills worth more than what I'm getting paid.

  • I took a job last year just after my graduation. Unfortunately I didn't negotiate during that time and I was very excited to get my first job offer! Now, I think that I worth more than what my current company is paying me. FYI, I am RTL design engineer in Florida and my base salary is 90K without any stock options. I will get a 3% yearly salary increase very soon but I feel that in current situation a competitive package should include decent stock option and 100K+ base salary. Am I being too optimistic ? If no then how can I raise this issue to HR and upper management? Edit: I do understand that considering FL, it's a good package. However in my company I can see that new hires and others who joined a bit after me are getting really good salary package than me. In general, I feel like *within the company*, for my particular role I'm not getting what I worth.

  • Answer:

    $90k is an average base salary for someone with a Ph.D in electrical engineering.  It's ridiculously high for someone who recently graduated with a Bachelor's degree and quite high for someone with a Masters. Your attitude reflects an experiment that was performed across a whole bunch of companies.  Mangers were instructed to give a good size bonus to a few employees, and a much larger bonus to a few others.  The "good size" bonus was received with high gratitude at first, but as soon as they found out about the much larger bonus given to others, they complained to no end.  The next phase of the experiment was to offer them a choice -- they can either keep their bonus, or they can have their own bonus and the much larger bonuses given to others taken away.  The majority of the bonus recipients voted to take away all the bonuses rather than let the larger bonus recipients keep theirs.

Jacob VanWagoner at Quora Visit the source

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90K base in Florida is very good. I'm not sure why you're complaining.

Dan Zhang

I suggest you apply for another job.  Try to get the compensation you think you deserve.  If you find another job then you know you are right.  If you don't find one then you know you were wrong.  Making demands of your employer can back fire because they may take it personally...  then may decide you would jump ship and decide maybe to replace you.  If they feel like you use leverage of some kind to get what you want from them that might piss someone off.  Its not just business and it is just business to an employer.  If you have something else lined up then you are covered.  Personally, you're not doing too bad.

Max Jones

Here's a modest breakdown with a lot of assumptions, but you can plug in the right numbers. Your numbers are first, Bay Area new grads after. The parentheses values show what is left after that field, for example Gas: 10K (50K) means you spend 10K on gas and have 50K left over after you pay for gas. You: Base: 91K Tax: 30K (61K) Rent: 700x12 =8400 (52.6K) Food: 400x12 = 4800 (48.2K) Gas: 400x12 = 4800 (43.4K) Insurance: 1000 (car/renters) (42.4K) Phone: 100x12 =1200 (41.2K) Bay Area: Base: 105K Tax: 35K (70K) Rent: 1200x12 = 14.4K (55.6K) Food: 500x12 = 6K (49.6K) Gas: 400x12 = 4800 (44.8K) Insurance: 1K (43.8K) Phone: 100x12 = 1.2K (42.8K) Assumptions: - Though gas and food cost less in Florida than in the Bay, assume you drive a lot more and eat a lot more. If you cook for yourself mostly and live close to work or use public transport, you'll be saving a few more thousand here.  - 401K contributions lower taxable amount. - only a rough estimate on how much CA state tax adds on to your total tax amount. - I guessed the monthly rent for FL. In the bay, the range is anywhere from 600 (sharing a room) to 3000+ (upscale apartment). Most people I know who have started engineering jobs and live alone pay 1500-2000 per month - more if you live in SF, less if you live in San Jose. AS YOU CAN CLEARLY SEE, your saving potential is exactly the same, even with more than generous allowances for gas/food. If you're still miserable about your salary package, then apply to a job in the Bay. I can guarantee you one thing though: - something my father told me before my first interview still rings true today: if you feel the need to haggle about, in your case, 10K (~800 bucks a month) in what otherwise is a good job for you (you haven't said otherwise) then maybe you have some real thinking to do with regards to what is important in life for you. And if you don't like your current situation, pack up and move. Life is all about making positive change for yourself anyways. Just make sure you don't come to the Bay and complain about your 105K salary not matching the Wall Street guys' 130K. EDIT: To reflect the question's edit: " I do understand that considering FL, it's a good package. However in my company I can see that new hires and others who joined a bit after me are getting really good salary package than me. In general, I feel like *within the company*, for my particular role I'm not getting what I worth." Then leave.

Akshay Gopalan

You might want to evaluate whether or not you deserve a raise through this infographic below: It was lifted from this blog post, http://bitly.com/1ow3HZU. The same blog features other useful articles when it comes to salary negotiation such as this, http://bitly.com/Q8YtXz. For all other related posts from the same site, see https://www.google.com.ph/search?q=site%3Ahttp%3A%2F%2Fwww.payscale.com%2Fcareer-news+%22ask+for+a+raise%22&oq=site%3Ahttp%3A%2F%2Fwww.payscale.com%2Fcareer-news+%22ask+for+a+raise%22&aqs=chrome..69i57j69i58.15884j0j4&sourceid=chrome&ie=UTF-8. You may also use the site's step by step to salary negotiation. See http://bitly.com/1yI0j5g. It chronicles the step by step process of salary negotiation starting from researching the market rate based on factors like company, location, skills, experience, and so on; to strategies used; to the actual negotiation process.

George P. Adams

If you could link anything you did, to increasing sales, you have an argument. But it sounds like you are one more unhappy employee, who only thinks he is worth more than he is getting paid.  That doesn't put you in very good company. Read this and think in reverse. http://positivesharing.com/2006/07/what-makes-people-unhappy-at-work/

Charlie Fortin

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