Throwaway to protect myself.
I joined this company over a year ago and had a terrible manager. I was doing his job along with mine for 6 months until people found out and he got fired. I was promoted when he got fired and was given a small 20k pay bump which put me at 110k.
My role in-market pays a lot more than I get paid but I figured they would eventually hire someone above me to manage my team. Since my promotion I’ve taken on additional responsibility, hired and trained employees, managed employees, led the team, improved process & systems procedures and have helped drive the business forward substantially. I’ve basically been one of a few people to really help steer the ship in the right direction.
My most recent review was glowing. I was reviewed by mostly VP & executive level people who mentioned I was invaluable to the company and they could not afford to lose me. My responsibilities have tripled since joining and I asked for a comp adjustment to get me closer to market rate. For context, my role is worth 160-170k in-market and I asked for 130 with a bonus for project completion and good team/department performance.
I was given a 6k base salary increase and an additional 5 yearly for bonus. They said this was their “generous offer”. Meanwhile, I’m supposed to be managing and leading a team of people and doing all of my original duties.
They recently hired some new employees whose base salary is more
Than my entire compensation package. These employees are supposed to be junior to me.
I’m leaving – I have 2 offers in hand. Both are for around 170-200k and it took me less than a week to find them.
I haven’t told me old company yet, but I intend to because this is complete bullshit. How can I be invaluable to the team and an asset while still being undervalued by the company like this?
Friendly reminder, look out for yourself. It doesn’t matter how nice and friendly people are or how important they say that you are. Businesses need to learn that they need to pay up or we will leave. I feel so undervalued and lied to and it sucks so bad.
I was given excuses as to why I couldn’t get promoted or more pay even though they’re paying new employees junior to me more in base salary than my entire total compensation with bonus.
Inflation this year was 7%. So if we take into consideration that I didn’t even get a COL raise, and just got the raise they gave me, it would mean they really only gave me a 4% raise higher than what I would’ve gotten anyway for just existing. INSANE
Edit: I’m getting a ton of DMs berating me for complaining when I make 100k+ and all sorts of random shit. I live in a HCOL area on the west coast and my salary really isn’t that much considering where I live.
My job is in tech/software for those interested.