Free Ebook.

Enter your email address:

Delivered by FeedBurner

« Free Retirement Advice This Friday | Main | Stocks "On Sale" »

August 14, 2007


Feed You can follow this conversation by subscribing to the comment feed for this post.

Do CEO's or even directors of human resources not ask for\get a raise when they got promoted? I don't want to even get into the fact that the CEO of TXU is gonna make a killing once they complete a private buyout.
People are motivated to work by money, otherwise very few of us would be working at all. If you do your job well enough to get a promotion, you deserve a raise.

I couldn't disagree more. You have very few opportunities to grab more money in your career, so why pass one up. If anyone thinks that he/she will be rewarded during their normal yearly review process after already working in an elevated position for the same money, they are sorely mistaken.

Bottom line, when opportunity knocks take it. Money is the reason for working...not a by-product.

My guess is that the CEO did not come from Sales. Ask for the order, the most they can say is no. If you don't ask for more money you certainly aren't going to get it.

Of course you should ask for a raise. If the company takes offence, then they're probably not worth working for.

"Many companies want employees to be motivated mostly by the challenge involved in a promotion"

How stupid. Fire this idiot immediately. That or double his workload without a pay increase and ask him how much he enjoys the challenge.

Here's my take: not every addition in work load justifies asking for a raise. In fact, if one of my team members would start asking me for a raise every time we added a new project or line item to his responsibilities, I would very quickly move to replace them. Would you be willing to lose some pay if one of your projects ended?

On the flip side, if you truly get promoted, i.e. your responsibilities exceed the scope of what you could reasonably be expected to do under your previous work title, or if your title changed all together, you are justified in asking for a raise. In fact, the company probably expects you to ask for a raise and may have already budgeted for this.

"Employers need to see people are willing to take on more responsibility and not expect something different in their agreement around money,"

Straight on it's face, this has been tried already. It was called communism. You might have noticed that it didn't exactly provide the best incentives.

But I suspect this HR guy is just looking to lower expenses - in a very slimy, but capitalistic, way. When employees work for free (or pick up extra work for free) the company has lower costs. Assuming the job market is good, stick up for yourself and ask for a raise - otherwise work in that new position for a bit and then switch to a company that will pay better.

depends on the 'promotion'.

I just asked for, and got, a HUGE pay rise. (Well... huge for me. Went from $60k inc bonus to $70k incl bonus. Take home pay went up by 15%).

BUT! I asked for it PRECEDING 6 months of solid performance at a level exceeding my job description.

If your promotion is to another level of work, then you need to be paid at that level. If your promotion is just because they're adding "a line item" or you're suddenly getting more complicated projects... my advice is to be thankful for the opportunity, tough it out, SUCCEED, then put your hand out when you DESERVE it.

Then, if they're not interested, leave. Either way you win, because your current employer has just made you more valuable by increasing your marketability.

clearly I'm no linguist.


The comments to this entry are closed.

Start a Blog


  • Any information shared on Free Money Finance does not constitute financial advice. The Website is intended to provide general information only and does not attempt to give you advice that relates to your specific circumstances. You are advised to discuss your specific requirements with an independent financial adviser. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. All posts are © 2005-2012, Free Money Finance.