My company is faltering financially. Do I still ask for a raise?
March 15, 2014 7:54 AM Subscribe
I'm a mid-level thing-maker at a small company (details left intentionally vague to protect the guilty). It was recently revealed at a company meeting that we're faltering financially due to management issues. We'll weather this storm, but it'll take some belt-tightening across the board. My position is secure, but my contract is up in two months. Do I ask for a raise when my contract is renewed? Details below.
posted by anonymous to Work & Money (13 answers total) 1 user marked this as a favorite
I've already asked my managers if I should expect to be looking for a job, and they told me they're definitely renewing my contract. This is because because (a) I'm responsible for several Things coming down the pipeline, bringing in much-needed revenue, and (b) I'm already doing the job of several people/roles. I suspect that, in the coming cuts, I'll be expected to take on more responsibility, which is why they're keeping me around.
Complicating factor: as soon as my Things are made I intend to actively look for another position. I really like the people I work with and the company culture, but these management issues have me feeling queasy.
So one side of me is saying come on, don't ask for a raise, they're struggling, employees always overvalue their contribution to the company, you can handle the extra work, you're going to make a move soon anyway etc.
Another side of me is saying I'm already doing the work of several people (NB: I actually kind of... love this?), I'll soon be doing more, I've played a large part in company's growth, and gosh darnit I'm worth it.
Historically, I loathe talking about this sort of stuff, and I have a tendency to undervalue my own work. I'm currently the lowest paid thing-maker in the thing-making department. So how should I play it? Be grateful that I have a job at all in these economic times, keep my head down and make great work, or ask for more and be prepared to make a move earlier than expected?