How to ask for a raise?

Hey guys, I am in Sydney, working full-time. I started my job in July, accepting $65k as it was my first full-time job. I have worked casual with full-time hours previously tho.

My performance in the small company is very good. I always go above and beyond with my solutions & all of the company's customers are really happy with my work. I work in IT.

I am thinking of asking raise in December, when I finish my 6 months. Is that right way to go or should I at least wait a year? If I ask for raise, how much of raise should I ask for and what can I expect?

Any ideas / experiences you would like to share?

Cheers!

Comments

  • +9

    Have you looked around at seek as to what similar positions at other companies are paying? So you have something to bargain with when you raise the issue.. personally I'd be conservative and wait for an annual review

  • +14

    I started my job in July, accepting $65k as it was my first full-time job

    You only just started a few months ago and now you want a payrise? lol

    My performance in the small company is very good. I always go above and beyond with my solutions

    I seem to smell an air of arrogance around here!

    • +3

      You just 📌 🎈. :)

  • +1

    Any ideas / experiences you would like to share?

    It depends.

    If you are for real, start looking for another job, and see what they offer you and if you can get to the final interview. That’s when you have some idea what you could earn… you can then decide what to do then…

  • I am thinking of asking raise in December, when I finish my 6 months. Is that right way to go or should I at least wait a year? If I ask for raise, how much of raise should I ask for and what can I expect?

    It all comes down to, what's your value to them? If they value you at $65k, there's zero chance of getting a raise. If they value you at $100k, then you stand a decent chance to get a raise.

    My performance in the small company is very good. I always go above and beyond with my solutions & all of the company's customers are really happy with my work. I work in IT.

    Isn't this what is expected for your job?

    You'll need to answer: What are the reasons this provides a higher value than $65k to your company?

  • +15

    It’s your first full time job.
    Don’t embarrass yourself.
    Wait at least a year before you even think of asking for a raise.

  • Move companies if you don't get a promotion.

  • As others have said be patient. Maybe after 12 months they will do a review of remuneration so maybe you can bring it up then. Make sure you prepare properly for this though as to why you think you deserve a raise.

  • +4

    Everyone goes above and beyond in the first 6 months.

    Does the company provide annual salary reviews?

  • The problem with smaller companies is it's more about if they like your as opposed to how you perform.

    I'd plant the seed that you think you're working at a higher level than the job ad suggested but the best way to get a promotion is to get ready to get a new job.

    • Same as large MNCs.

  • +4

    How much value could you have possibly brought to the company in 3 months considering it's your first (FT) job and you came in with no experience?

  • +2

    Unless you somehow directly helped increase the company's revenues in the last 6 months, don't bother.

  • I did the same thing this year. 60K/Yr.
    Went onto Seek, made my profile open with an up to date resume, phone calls started rolling through within a day from recruitment agencies doing contract work and full time permanent work ranging from $300/day-$500/day as a subcontractor so only had to take my own super out of it and offered up to 98K as a full time salary doing what's considered level 2 ICT Support incl. Systems administration, easy stuff.

    Advised my boss that I feel for the amount of effort, time and improvement I've put in to making the IT side of things improve I am being underpaid, I let him know I was offered a position elsewhere. I wasn't too keen on leaving my workplace as I love my job and colleagues. He then went on to discuss this with his higher ups and came back to me with an offer within a week and I accepted the offer, it was a 30% increase which I happily accepted, he saw the value in me. Realistically the market saw the value in me also, IT wages have increased dramatically and there's no shortage of jobs especially since Covid and more companies relying on their IT infrastructure to work remotely etc. Keeping this in mind, if you don't get pay rise just walk out the door, it's so easy these days for good employees to get good paying, enjoyable jobs.

    In your situation it depends, rehiring costs are quite expensive for the most part, it's easier to give someone a decent pay rise and can assign more responsibility to help justify it.
    If you're at an MSP than it's basically GG from the start, you're a dispensable person they do not care about and are happy to replace. If it's an internal position at a decent size organisation where your boss see's your value and just has to ask Board, exec, ceo etc for more funds to keep good staff than there's a good chance they will bend to your will.

  • +1

    Usually wait 12 months, especially when it is your first 12 months. Most companies do annual review. Before you have the conversation though, you need to be prepared, because they might just not offer anything or they offer something less than what you expect. Ideally you put together some points as to why they should give you a raise, or why you deserve more.

    Think about questions like: Am I doing something that most people can't or won't do at $65k a year? Am I doing more than what they expect me to do? Can they easily find someone to replace me? What's the cost to replace me? In fact, these are the points you should deliberately address in the process of negotiation.

    As someone recommended above, you can also try to land another job and leverage that in your negotiation. However, if you actually plan to work in your current company long term, it may not be a good strategy as it doesn't leave a good impression, probably a loyalty and trust thing.

  • +2

    Play hard to get - ask for a pay cut.

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