How much should I ask for?? - FMVperformance.com : The site for all your Ford Mazda and Volvo needs
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post #1 of 25 (permalink) Old 11-01-2007, 08:42 PM Thread Starter
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How much should I ask for??

I am trying to decide how much I am worth.. If I should keep my job or go somewhere else... Salary.com say an average size company with my degree of knowledge I should be making $40,000-$45,000 a year (but we are a smaller company with 7 people working here)... Right now I am making 13 an hour plus 2% bonus of what profit i bring to the company... There are people with less experience with my making 17 an hour plus commission for the plans they work on plus the 2% bonus... By the way I work under a structural engineer.. I really feel like I am being taken advantage of being of my age and living situation.. For example the guy making 17 an hour has a wife and 2 kids to support I only have myself, he is also 10 years older than me (I am only 22), and I have 2 years (i have been doing this since I was 18) more experience than him and am noticeably more qualified at doing the job... So anyways I have brought $150,000 of profit to the company so far this year and I feel like I should be making a little more the $27,500 a year after bring in that much and working my ASS off!!!!!!
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post #2 of 25 (permalink) Old 11-01-2007, 09:06 PM
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Re: How much should I ask for??

i wish i didn't have our tax

i make about the same and bring in less than 23 net...

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post #3 of 25 (permalink) Old 11-01-2007, 09:15 PM
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Re: How much should I ask for??

Ask for more money. You should be at least equal to the guy next to you doing the same work.


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post #4 of 25 (permalink) Old 11-01-2007, 10:06 PM
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Re: How much should I ask for??

What are the duties of your job and your educational background?

Kyle, 2006 Mazda3s GT
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post #5 of 25 (permalink) Old 11-02-2007, 04:05 AM
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Re: How much should I ask for??

[quote author=biped link=topic=93434.msg1826021#msg1826021 date=1193961979]
i wish i didn't have our tax

[/quote]

You and me both!
lol

At first when I started, I was like, damn this is a good salary....until I got my first paycheck and wondered if I got jipped somewhere along the lines....

....I then determined that I did get jipped....By the GOV! haha

I am scared to take overtime as pay because I will barely see 50% of it.
So I take time off instead

-bossboy

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post #6 of 25 (permalink) Old 11-02-2007, 06:08 AM
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Re: How much should I ask for??

i'd say switch to a bigger company. IMO, the problem with smaller company's like the one you're working for is that they go by experience and really personal life (kids, age, etc.) when it comes to salary. this is my experience. i worked in a similar setup as yours where my coworker had 20 yrs experience on top of my education. we did the exact same job, and i brought in the same business and production or even more. still, she was getting paid way more than i was and i was sure as hell working harder. i decided to look around and got a job with a bigger company that paid me thousands more for the same thing i was already doing. so again, i'd look elsewhere


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post #7 of 25 (permalink) Old 11-02-2007, 10:35 AM
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Re: How much should I ask for??

[quote author=bzdel2441 link=topic=93434.msg1825968#msg1825968 date=1193960573]
I am trying to decide how much I am worth.. If I should keep my job or go somewhere else...
[/quote]

Been there, done that.

If you feel that you are underpaid for what you do, then there's two possible problems:

either you're doing more (in quantity and/or quality) work than they're paying you for
or
you're overestimating your value to the company.

You say you've brought in $150k in profit. Are you sure you mean profit and not revenue? Revenue is what you bring in. Profit is what they keep after they pay you. Either way, you obviously have some way to determine your value to the company. That's good. That's the first step in getting what you want. (remember, though, that you don't actually earn $27k. You earn $27k + your benefits, which includes time off, employer health plan contributions, etc.)

The next step is determining what OTHER people are bringing in. And by "other" people, I mean the people who do what you do but who you think are making more money than you.

At that point, you just put the numbers together and talk to your boss. Now, you don't go saying "So-and-So makes X but only brings in Y, while I make less and bring in more." That's just petty and childish. What you do is you show him how you are contributing to the company and how that compares to your peers. If you're bringing in more money than other people, you show him the numbers to back that up. If you're saving them money in other areas or increasing productivity in the office, then you show him that too.

The point of all of this is to show your employer that you are contributing X to their bottom line, and that you should be rewarded for that. Now, some companies just suck, and they have a strict pay scale that they follow. If you work really hard and bring in the money, then that's great. But they aren't going to give you a slice of the pie. Some places are great, and they pay people based on their value to the company. That's awesome, but then you have problems where they perceive people's value based on things that don't always make sense.

Either way, if you ask for a raise you need to have a good reason why you deserve one, and that reason needs to be based on your contribution to the company. As for WHEN you should ask...do you get an annual review? If so, you should bring it up then if the review is in the next 3-4 months. Otherwise, ask now.

If you don't get the raise or a nice bonus or some other additional compensation and you feel that you really do derserve it, then start looking elsewhere. Use the information you gathered above to show other companies why they should hire you. If you can show them that you brought in $X in sales, then that's a lot better than "I'm a good salesman....take my word for it." And then ask for what you want. If they offer you the same thing that you're currently getting then maybe your perceptions of the market in your area are off.

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post #8 of 25 (permalink) Old 11-02-2007, 04:49 PM Thread Starter
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Re: How much should I ask for??

ok here is what updated in the past few hours.. i was doing a quick delivery and i was talking to a friend that works for the designing firm, he told me they were hiring for another designer.. so just out of the curiosity i was like who can i talk to about that and they pointed me in the right direction. i went up to him and told him i was interested in the position but i just wanted to know some more information about it, well that turned into about an hour long interview, he told me if i want the job its mine, and I would start out at $17 an hour plus benefits... that sounds AWESOME to me.. the problem is i don't like designing as much as I like engineering.. but i would suck it up for an extra $5 an hour though.. so now i come to my problem, if i decided to take this job do i just quit my current job or do i got to the boss and say i got a job offer for $17 an hour match it or i am gone, how does that work??
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post #9 of 25 (permalink) Old 11-02-2007, 04:53 PM
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Re: How much should I ask for??

I would tell him about the offer so you can give them enough to time to make a counter offer.

ONLY do this if you have an OFFER LETTER IN HAND!!!

17$ an hour is like 35k a year so that's a nice little increase for ya
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post #10 of 25 (permalink) Old 11-02-2007, 04:54 PM
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Re: How much should I ask for??

if u have to poop u find out where ur current boss lives, do ur business in a bag and attach $13 to it and light the mofo on fire
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