Raise came up short from expectations, ways to bring this up?

Question

Was expecting a much higher raise this year especially given the super high inflation currently. Is there any friendly way to give the company an ultimatum that I'm out if they can't give me at least a 10% increase. Not sure how to phrase it in my next conversation. Maybe I should start interviewing as well.

jinyung2 · Accepted Answer

I think if you are really set on leaving if you dont get the target raise you are looking for, you certainly should start interviewing first and get a backup semi-secured if possible! sounds really tough to do though, balancing interview prep while working full time..

19g6uky2h57o0 · Answer

I'd be sparse with ultimatums if you still want to maintain a long-term relationship with your company. 
From a manager perspective this is a one time one shot scenario. Having a peer playing the "I'll quit" card every year to get a higher raise is a strong signal that it might not be the right fit overall and I'd become more hesitant to "give into".

As someone else mentioned, schedule a meeting and let your manager know that you'd like to discuss your compensation and be inquisitive about understanding the rational of providing you with the raise. Is there a budget constraint? Is it performance related? Is your salary offset with options? 
Be clear about your expectations and where you see your compensation. It is more expensive to see someone depart and having to re-hire the position. 
If your manager reacts in a fairly neutral way and provides little effort to provide you with something you're happy with it is also a strong signal that there might be not much flexibility as the company could be more financially constraint or that your manager doesn't agree with your view. This would be a good time to explore options in other organizations and start interviewing.

whiptx · Answer

Start interviewing.

Schedule a meeting with your manager, and let him know you would like to discuss your compensation.  In the meeting, present your manger with a list of reasons why you deserve X amount of money. Let him know that you would like a plan to get to amount X by whatever date/next review you have in mind. Be prepared to negotiate, ask for other types of rewards/compensation as you see fit.

Leave or stay as you think is appropriate based on the meeting.

19g615kv7j2115 · Answer

it’s frustrating that you have to be 1 foot out the door before your manager would go to bat for you. There has to be a way to just let them know that you’re disappointed without threatening to quit. Personally I would visualize the moment that you tell them you’re leaving and when they act all surprised and why didn’t you come talk to me, that you have to be ready for that moment and be OK with it at that time. Do now what you know will make you feel better at that moment

qwertyCoder · Answer

Definitely get a backup offer first. You'll have much more conviction in that conversation and the words will come naturally once you have that. Another way I've seen work is: I'm not looking around currently but I've seen friends get significantly higher offers lately due to inflation and general market trends. Aside from interviewing and getting offers, is there any way we can bring my compensation up?

Raise came up short from expectations, ways to bring this up?

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