What kind of raise should i expect
Be your own advocate by finding out exactly what you should be paid. If you were to ask your employer for a raise, your chances of receiving one is fairly good. Seventy percent of employees who have asked for a raise received one.
Thirty-nine percent of those who asked for a raise received the amount they asked for. Another 31 percent got a raise that is less than the amount they requested.
The remaining 30 percent did not get a raise. In our data, we found that people of color are significantly less likely to receive a raise when they ask for one, relative to white men. The analysis controls for other factors that affect the likelihood of receiving a raise, like tenure and job level. Women of color were 19 percent less likely to have received a raise than a white man, and men of color were 25 percent less likely. For people who believe they are facing bias in a raise conversation, Tulshyan recommends a number of strategies.
Collect data, officially from HR, or at the very least, from trusted colleagues about what the salary benchmarks are for similar positions at your organization. This is tricky and awkward, but the best way to drive compensation conversations.
If possible, check in with a few trusted colleagues of color if they have faced similar obstacles. If there have been multiple instances of inexplicable obstacles to the advancement of multicultural employees, it is worth raising the issue with HR.
If the situation cannot be fairly investigated internally, Tulshyan recommends engaging an external labor protections agency to investigate. If you are an HR professional, head over to our Tips for HR section to get more information about the effects of unconscious bias on organizational health, and tips on how you can combat bias in your organization. As workers move up the corporate ladder, they become more likely to receive a raise when they ask. Relative to an individual contributor, a manager is 42 percent more likely to receive a raise after asking, a director is percent more likely to receive a raise, and an executive those with a VP or C-level job title is percent more likely to receive a raise.
Spending more time with an organization also increases the likelihood that a worker receives a raise after asking, though only up to a point. Workers with two to three years at the same organization were just over three times as likely to have received a raise after asking, compared to a new employee.
Take it as an opportunity to revisit the ask. If budget for salary is maxed out, ask about other parts of your compensation package. For more tips, check out our Salary Negotiation Guide. Ogden, Utah and Honolulu, Hawaii top the list with 85 percent and 82 percent of workers receiving at least some level of pay increase when they ask for a raise.
Tech hubs also do well — San Francisco 80 percent , Boston 76 percent , Seattle 76 percent and San Jose 76 percent all appear near the top. Gary, Indiana takes the dubious honor of last place. Only 53 percent of workers received a raise after asking, meaning 47 percent of askers were denied a raise. Honolulu, HI. Long Island, NY. Knoxville, TN. Gary, IN. Budgetary constraints are the most common justification for denying someone a raise.
In fact, 49 percent of workers who were denied reported that budgetary constraint was the rationale their employer provided. Experience CompAnalyst: Demo. All Sections For You. Know Your Worth. Job Search. All Sections For Employers.
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Key Takeaways Have you been working in the same job for a while and think it's time for a raise? The size of a raise will vary greatly by one's experience with the company as well as the company's geographic location and industry sector. Sometimes raises will include non-cash benefits and perks that are not figured into the percentage increase surveyed.
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