When should I ask for a raise?
February 2, 2011 10:17 AM Subscribe
My company doesn't do yearly reviews so when should I ask for a raise?
posted by anonymous to work & money (5 answers total) 1 user marked this as a favorite
I'm currently in my mid-twenties and I make decent money as an IT consultant. My current salary is $80k with yearly bonuses between $40k-$45k (before tax). Our bonuses are determined by hours worked, so in reality you can decide what you're making total for the year. At the $40k-$45k level I've probably maxed myself out as far as hours go without losing my sanity. Since my company's policy is that we have a big part in determining what we make in the end, they do not provide annual reviews or salary adjustments.
I should mention I've been with my company for just about a year now. What brought this all up is that I've recently be contacted by some other IT consulting firms offering my more, even double in one case. Some consultants have asked for raises sooner, some have waited longer.
So when is it acceptable to bring to the table that I would like a raise? Every year? Every 18 months? I am very happy in my career and I barely have any bills so I'm not struggling by any means. I just do not want to undervalue myself or be undervalued by my company compared to others in my field.