I’m looking for a healthy raise at work of 15%-20%. To that end, I have done 2 things:
1. Shared a file with my manager last week detailing things I have accomplished in the last year and their business impact.
2. Asked my manager in our in-person one-on-one last week for a raise
My manager indicated it will be difficult for me to get a raise, both because raise guidelines are largely determined by how well the company is doing overall and because I got a nice raise last year and so the expectations were higher for me this year.
For background, I work at a big, boring, and bureaucratic finance company. I don’t think I did a particularly stellar job last year, but I benefit from being one of the few technical people on our business team, so am very valuable to the team. As a consequence, I can get away with doing a minimal amount of work, and I generally have a few hours during the day to spend it however I want. I am currently applying to different places, but realistically see if taking 3 months, plus or minus another 3 months till I jump ship. I have it set in my mind to only jump ship for a company which compensates at least 50% more than my current TC (which is low, by industry standards).
My question is, is it worth sending a raise request email to my boss asking him for the 20% raise? I’m leaning towards yes, but the counter would be he is already aware of what I want since I’ve asked him in person and shared my “ego file” with him, so I could be seen as overly aggressive. I would also only be recapitulating what I’ve already said.
The raise request format would be taken straight from Josh Doody:
Thanks for the guidance!