I just got a promotion. Should I have gotten a larger raise?
March 15, 2014 8:18 AM Subscribe
I work for a local small business. I was just promoted from Assistant Store Manager to Store Manager. The raise that was proposed to me was less than I thought it would be. Is there a standard or accepted percentage?
posted by kbbbo to Work & Money (7 answers total)
I work for a local small business. I was just promoted from Assistant Store Manager to Store Manager. The raise that was proposed to me was 1 dollar above my current rate. I think that this is disproportionate to my increase in responsiblilities and would like to negotiate for better compensation.
The small business is a multi million dollar business. The department that I now run is a million dollar retail store. I realize that there are a lot of variables, but is there an accepted or standard percentage that one should "expect"? I do get paid commission as well. I was thinking of asking for a higher hourly rate and potentially an incentive bonus of some kind. The department was down 5 percent last year and I was thinking of a bonus for every percentage point of growth (i don't know how much that would be).
Thank you in advance