Submitted by [deleted] t3_10q7jvt in personalfinance
HelpfulSeaweed7771 t1_j6od9xn wrote
Reply to comment by makesameansandwich in Compensation Question by [deleted]
I'm in a retail management position for a local business the company is highly profitable, I'm in Ohio making 19.50/hr. I've been here for 8 years and I'm relied on heavily for multiple roles outside of what I was hired for as well as day to day operations. The owner works along side us and I'm very much the 'goto guy'. We have an in-house tech department that the want me to take over in a couple years when the current guy retires, as I've done a lot of work along side him over the years. A lot of employees here work 6-7 days a week, I just feel like I'm compensated less than others because I've never spoken up and asked for more. I usually get .50 - 1.00 raise every year
2 weeks paid vacation No other benefits
gbtx96 t1_j6oe6qp wrote
Do some research on what you could earn in a similar position with another employer. Make your case to your current employer about the fair market pay for your range of responsibility. If they don't meet your expectations then be prepared to leave.
I wouldn't recommend waiting around for multiple years in the hope of replacing someone else - if you're underpaid now, your employer will likely just low-ball you in the new position as well.
makesameansandwich t1_j6olys1 wrote
is it a "family" type place, as in we are a family. yeah, thats bs. 8 years in , they are taking advantage of you, and all your expereince and knowledge is worth more. lots more. you should set the bar at the total where you were with bonus. 69k. thats my salary, and i wont take less. i would ask for 75k. plus more time for vacay or tpto. and benefits, like 401k or some type of retirement matching. stop selling yourself short. the open market would start at that figure. retail sucks, the weekends and holidays you give up. the missed family events. my time is worth so much more. i left restaurants making 70k a year, all becasue i was working 55 or more hours per week. and getting no where. i work for 23.50 an hour now, mon through friday, 8 to 5. i gave up a ton of money, but i am 100x better off.
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