#getting a raise

[bitchesgetriches]

Second round of interviews for a new job soon, pray for me

BY THE POWER VESTED IN ME BY THE GODDESS OF FINANCIAL ACUMEN AND CAREER ADVANCEMENT, I HEARBY BESTOW UPON YOU THE WISDOM, COURAGE, AND LUCK TO SUCCEED IN EVEN THE HARSHEST OF JOB INTERVIEWS!

... and also here's everything we've ever written about getting through the interview process, just in case you need a refresher course:

MASTERPOST: Everything You Need to Know about Getting a Job, Raise, or Promotion

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[bitchesgetriches]

hello!! i’m currently a contract worker who’s looking to go fulltime with the company i work for. they’ve expressed to me casually that the opportunity is there for me, but i’m just not sure how to go about starting that conversation.

i have a manager i directly report to & his boss is who would be making the final decision. my questions include: should i involve both of them in this talk? should i ask for a performance review before asking for full time? how do i ask for the salary i want?

do you guys have any resources that could help me?

We gotchu baby. Here are our instructions on how to ask for a raise and promotion:

You Really Need to Ask for a Raise. Here's How. 

Santa Isn't Coming and Neither Is Your Promotion: How To Get Promoted 

My Secret Weapon for Preparing for Awkward Boss Confrontations 

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[bitchesgetriches]

Hi BGR! I'm a data analyst, and I started at 57. The average salary for a data analyst in my area is about 80. I want to ask for a raise at my 1 year mark, and I was thinking of asking for 20%. Is that ... Too little? I know I am/have become integral to the team, and I live in one of the highest COL states in the country. But I have no good way to judge this, and am from a poor background so I already feel like I'm making a TON of money. My company is small, so I can ask the owner directly -- and she is I think keen on retaining current employees in hopes that we will become essentially heads of departments. I've read your blog posts on it also and I'm kind of .. well, how does that conversation even start? How do you initiate it? What kinds of things should you say or offer to be persuasive? This feels like one of the things that's like arcane knowledge that middle class + people somehow gain by osmosis and working poor or poor-poor hardly ever get taught/get to learn and I'm so lost as to the very most basics of how to even *start* the asking situation. Please, could you help advise?

Honey you're so right---there is massive privilege in coming from a background and family where navigating corporate language is just kinda... known. People who don't come from that background are left at a massive disadvantage!

So here's your script for starting the conversation. Send an email that says:

I’d like to meet with you soon to discuss my job performance, contribution to the company, and my overall compensation. When can we schedule this conversation?

Then, once you're meeting in person you can lean into the awkwardness of it all by being like "Wow, this is awkward! I've never asked for a raise before, so bear with me. Now let me walk you through what I'm proposing..." It'll be endearing. Then, you launch into the stuff we go over in this article:

You Really Need to Ask for a Raise. Here's How. 

And no, I don't think $20k is too little to ask for. Keep in mind that your boss will likely negotiate with you, however. So you always want to ask for a little more than you actually want. Here's more on ways to handle the negotiation:

If Your Employer Refuses To Negotiate Salary, Try These 11 Creative Counteroffers 

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[bitchesgetriches]

I want to share a win: I asked for a bigger-than-average annual increase because inflation has been so bonkers, and I got it! My salary is going up 8% next month!

And a tip: It's *so easy* to use the Bureau of Labor Statistics' inflation calculator to see what you *should* be earning, adjusted for inflation!

https://data.bls.gov/cgi-bin/cpicalc.pl

Hell yeah, honey!!!! We're so fucking proud of you! Way to use data and free resources to advocate for yourself and GET THAT BREAD!!!

For everyone else who needs it, here's the Bureau of Labor Statistics' inflation calculator.

And here's our advice on asking for a raise:

You Need To Ask for a Fucking Raise 

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[bitchesgetriches]

Everything You Need to Know about How to Increase Your Income

Make more money at the job you have

One of the simplest ways to increase your income is to just make your current employer pay you more. But while it may be simple, it ain’t always easy.

Santa Isn’t Coming and Neither Is Your Promotion: How To Get Promoted

How I Chessmastered Myself Into a Promotion at Work

The First Time I Asked for a Raise

You Need To Ask for a Fucking Raise

Ask the Bitches: “Can I Quit With Unvested Funds? Or Am I Walking Away From Too Much Money?” 

The Ultimate Guide to Growing Your Salary

Make more money at your next job

All that said, you’re statistically more likely to increase your income faster by job hopping! So if your current employer doesn’t want to pay you more, leave that sinking ship behind in pursuit of a higher salary.

Job Hopping vs. Career Loyalty by the Numbers

The Fascinating Results of Our Job Hopping vs. Career Loyalty Poll

How NOT to Determine Your Salary

When It Comes to Salary Negotiations, Are You Asking for Enough?

What To Do When You’re Asked About Your Salary Requirements in a Job Interview

If Your Employer Refuses To Negotiate Salary, Try These 11 Creative Counteroffers

Season 4, Episode 9: “I’m on the Wrong Career Path. How Do I Convince a New Industry To Take a Chance on Me?” 

Invest your way to more money

Of course there are some who say the true path to wealth is passive income: when you stop working for your money and instead let your money work for you. And they’re not wrong! Here’s how we recommend you increase your income passively.

When Money in the Bank Is a Bad Thing: Understanding Inflation and Depreciation

Investing Deathmatch: Investing in the Stock Market vs. Just… Not 

What’s the REAL Rate of Return on the Stock Market?

Dafuq Is a Retirement Plan and Why Do You Need One? 

Procrastinating on Opening a Retirement Account? Here’s 3 Ways That’ll Fuck You Over.

Season 4, Episode 1: “Index Funds Include Unethical Companies. Can I Still Invest in Them, or Does That Make Me a Monster?” 

Small Business Investing: A Kinder, Gentler Alternative to the Stock Market 

The Dark Magic of Financial Horcruxes: How and Why to Diversify Your Assets 

Make more money through side hustles

When it comes to side hustles, we have traditionally advocated caution. The last thing you want to do is burn out in pursuit of a second income stream. But with enough wits and fortitude, a side hustle could help you increase your income by leaps and bounds.

Romanticizing the Side Hustle: When 1 Job Isn’t Enough

Season 2, Episode 9: “I Use My Free Time to Volunteer. Should I Focus on Making Money Instead?”

Stop Undervaluing Your Freelance Work, You Darling Fool

Freelancer, Protect Thyself… With a Fair Contract 

Season 4, Episode 10: “I’m a Freelance Artist. How Do I Price My Work Fairly Without Losing Clients?”

Ask the Bitches: My Boss Won’t Give Me a Contract and I’m Freaking Out 

“Independent Contractor” My Ass: How to Stop Wage Theft Through Worker Misclassification 

Becoming a Millennial Entrepreneur (In the Midst of a Pandemic) With Katelyn Magnuson 

11 Awful Mistakes I Made as a Self-employed Freelancer, and How You Can Avoid Them

The Magic of Unclaimed Property: How I Made $1,900 in 10 Minutes by Being a Disorganized Mess

I Am a Craigslist Samurai and so Can You: How to Sell Used Stuff Online

What to do when you make more money

Once you increase your income, you might find yourself… not quite bored, but finding you have a little more bandwidth to handle the stuff that matters. It can be a jarring transition! Here are our thoughts on the matter.

Season 3, Episode 7: “I’m Finished With the Basic Shit. What Are the Advanced Financial Steps That Only Rich People Know?” 

Season 3, Episode 4: “The More Money I Save, the More I’m Scared To Lose It. Can I Break the Cycle of Financial Anxiety?” 

How to Avoid Lifestyle Inflation … and When to Embrace It

Ask the Bitches: I Know How to Struggle and Fight, but I Don’t Know How to Succeed

Update: I Know How to Struggle and Fight, but I Don’t Know How to Succeed 

The FIRE Movement, Explained 

I Was Happy to Marry a Poor Man. Then Things Changed.

I Have Become the Rich Relative I Always Wanted 

Believing in Miracles: A Conversation with Chris Dane Owens on Money, Creativity, and Self-Funding Art 

I Now Make More Money Than My Husband, and It’s Great for Our Marriage 

Season 2, Episode 1: “I’m Financially Stable, but My Friends Aren’t. The Guilt Is Crushing!”

The Resignation Checklist: 25 Sneaky Ways To Bleed Your Employer Dry Before Quitting

Advocate for systemic change

We don’t endorse an attitude of “I got mine.” So once you increase your income, there are lots of ways to use your newfound financial breathing room for good! Lift as you climb, my friend. Here are a few ways to do so:

Wallet Activism: Using Your Money for Good with Author Tanja Hester 

Woke at Work: How to Inject Your Values into Your Boring, Lame-Ass Job 

Raising the Minimum Wage Would Make All Our Lives Better

Post a Salary Range in the Job Description, You Fucking Cowards

1 Easy Way All Allies Can Help Close the Gender and Racial Pay Gap

The Truth About Unions: What Has Organized Labor Done for You? 

How To Support a Labor Strike with 3 Simple Steps

Everything in moderation

One last thing, my lambs: don’t crush your spirit while chasing the goal of a higher income. Working hard is hard work. If you find these tactics are leaving you exhausted and demoralized, you might be on the road to burnout. And that road leads nowhere good!

That’s why we just released our glorious new Burnout Workshop. Click the button below to take a peek!

Get the Burnout Workshop Here!

[bitchesgetriches]

bitches, i come to you humbly to inform you that my boss let me know the company’s financial strain and my short tenure (less than a year) would make me potentially ineligible for a raise. unfortunately, i dont care. our insurance package has gone up exponentially and nothing has been said about rectifying this, especially to employees recently hired under the guise of a fully funded insurance plan only to no longer be fully funded 4 months later. I screwed myself by choking and not asking for the maximum rate at the interview. am i greedy and ignorant to this recession? do you have any advice?

NO. You are not greedy and ignorant. In fact, it sounds like you were hired under false pretenses and now you're being discriminated against when it comes to raises because of your tenure.

The company's financial health is not your problem. They've made it clear they prioritize their own financial strain over your employee well-being, so take their lead and prioritize yourself.

You need to get yours, honey. Time to dust off the resume and search for something better. You're worth it. I promise you.

{ MASTERPOST } Everything You Need to Know about Getting a Job, Raise, or Promotion

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[bitchesgetriches]

The Ultimate Guide to Growing Your Salary • Bitches Get Riches

Through no fault of their own, Millennials and Zoomers are underpaid. Here's how we recommend growing your salary in 8 steps.

NEW POST! ✨The Ultimate Guide to Growing Your Salary✨

Graduating in a recession leads to earnings losses of about 9% compared to those who graduate in balmier financial climates. The pay gap takes a full decade to become statistically insignificant. The lost opportunities to invest some of that income—as well as the recession-graduate’s stymied options for other jobs—creates a staggering wealth gap.

Keep reading.

[bitchesgetriches]

Hey bitches! I'm currently interviewing for a job that I really want and think I'd enjoy, but it would only be, at most, a $3k annual raise. My current job is going to reclassify my job and give me about a $15k annual raise, but I don't really love the work I do. However, that $15k raise would mean the world for my ability to pay off my car loan and save up money! What should I do?

My darling baby penguin... you have to Smokey-the-Bear that shit. Only YOU can decide.

Weigh your priorities carefully to figure out what will improve your life more: daily job happiness, or becoming debt-free faster. Here, this should help:

How to Make Any Financial Decision, No Matter How Tough, with Maximum Swag 

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