Mirch
March 29, 2011, 4:54pm
11
Re: Salary increase ..
25% sounds to be a bit much for a moving to a lateral position where cost of living has NOT gone up.
So, someone making $100K should ask for $125K for the same position and someone making $60K can ask for a salary of $75K (in absolute terms)? I’m not sure there would be any takers for such a large bump in salary.
I think if you’re underpaid at your current position, you should look for an increase that brings you in line with the industry standards, plus adds a bit more (this is one of the few situations where a 25% may be justifiable).
To each their own. For a lateral position change I will not accept less than 25 percent raise even if at my current position I am getting competitive pay. .
the question should be, what minimum salary increase should be the one that would make you accept a job offer? A new job offer does not automatically guarantee any salary increase, in fact it could be less than what you were making at your current job.
Like in my case, I was hired in my current company at a contract position. 1 year later, they offered me a full time position and they offered a salary that was 12% less than my contract salary. I accepted the offer as there were more benefits and full time position is more secured than a contract position.