What happens at a 1 year anniversary?

Question

Approaching my 1 year anniversary at Comcast in November. Never had to negotiate a pay increase before but I'm hoping to get something sizable.

Previous team lead left the company in February of this year pushing me into becoming team lead and we hired another guy onto our team (it's just me and him but we're working on onboarding a third).

I'm happy with the position, I'm learning a lot and gaining plenty of experience (though I don't wanna stay here forever), and things have not broken but if they did they were quickly fixed.

What should I expect in a 1 year anniversary? What kind of pay increase could I see? How much of an increase should I ask for?

Current salary: $75k

el8 · Accepted Answer

Likely a token increase. Maybe a few percent. You should be angling for a promotion rather than just an increase though.

adorable · Answer

My way is to always list Top 3 achievements for the past year. The bigger the better.

E.g. I QUICKLY moved into the current role successfully and now leading a team that has achieved ........... while meeting/exceeding all company targets.

You want to clearly state, document, remind the higher ups you're performing well. They may not even have a clear idea in big companies.

If you can get actual salaries of same positions, you can use those numbers. If not, you'll have to use public data - ranges - at similar positions at other companies etc.

AT MINIMUM,  ask ABOVE current pay + inflation/cpi!!!

E.g. If your pay is $50k, inflation is 10%, this year, your effective pay is $50k - 10% = $45k as a quick estimate.

(You can gather more specific data on rent, gas, electricity, water, food, insurance etc inflation based on your actual spending, and come up with more exact numbers, too. Rent and energy would be the big ones hit by inflation this year.)

Then, ask for double that at minimum. (Because inflation is an ongoing thing, you want to cover your losses over the prior year, continued losses in income value over the next.)

That MINIMUM only to cover inflation should be padded by a nice salary bump ask for your new position.

You can play the incoming job offers game, too.  If you get any, you can say company B is offering this much more, so keeping parity is merely keeping you from considering leaving.

Just remember - if you DON'T speak up for yourself, DON'T ASK, you won't get. NOBODY will look after you - be an adult and look after your own future. Promote, perform, ask...then leave for better if the company can't provide.

as · Answer

Don't ask for increase in compensation straight away. Plan your moves and also look for opportunities in other companies and then ask for yearly increment aligning with your  performance.

I suggest you to ask the person you will be reporting as team lead to have a career growth map written down with objectives. Which will help you to have a clear understanding of the expectations. Also prepare yourself in case they want to replace you with the new hire  within the company or from outside the company.

In this way you are financially stable if there are any repercussion for your ask for increment in compensation.

What happens at a 1 year anniversary?

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