Apr 30 2012

How to Give and Ask for a Raise [Infographic]


Carlos Portocarrero

Here is a cool infographic I bumped into today (from the folks at Mindflash) that shows some mildly interesting data that is probably obvious to most people: if you’re a high performer in an executive position, you should expect a higher raise than the rest of us.

Duh.

More interesting to me is the Employee’s guide near the end: it makes some decent points but doesn’t tell you what you can do to build your case ahead of time.

What do you think of this kind of data? Is it helpful at all or just noise?

*Favor: Can you please take my super quick survey on making more money at work? It’s six questions and won’t take more than 3 minutes, I promise! Thanks!

[click to enlarge]

Infographic on raises


Feb 24 2010

Taking Your Boss to Arbitration: Would it Work?


Carlos Portocarrero

I’m a huge baseball fan and the arbitration process is something that fascinates me. It’s how teams and players settle on a salary for a player when they don’t agree on how much he’s worth.

The details on which players are eligible and when they can file for arbitration is here, but what I’m interested in is the actual process.

How it Works

The team submits an amount they think the player is worth and the player submits the amount he thinks he’s worth. Then they go to a three-person arbitration hearing where they try to justify their number.

He who makes the best case to this three-person panel wins: their amount is the amount both sides must abide by. There is no splitting the difference, there is no compromise—if you win you get paid (or pay) the number you walked in with.

Fascinating, isn’t it? Wouldn’t you like to put together a bunch of numbers, emails, and facts and waltz into your boss’s office to make your case for a higher salary in an arbitration-style hearing?

No, you wouldn’t. The reason why is very simple.

It Gets Ugly

Think about it: the team doesn’t want to pay the player more money than it has to. To make that case they’ll have to denigrate their own player.

His defense cost us many games last year.
He choked when it really counted.
He had that DUI incident which really embarrassed the team.
His skills are deteriorating.

That’s the kind of stuff you can expect to hear coming out of the team’s side. They have to make the player out to be everything short of a monster to win the hearing.

Could you sit there and listen to your employer/boss rail on you and then go back to work the next day with no hard feelings regardless if you won or lost? Let’s be honest: it wouldn’t be easy.

And then there’s the other side of the coin—the case you have to make. Now you have to toot your own horn and make the case as to why you deserve more. And that’s something most people suck at.

On the other hand, most people are too shy/scared/nervous to stroll into their boss’s office and make the case that they deserve more. So at least having a formal process like this would force people to stick up for themselves and highlight their accomplishments.

What do you guys think? Would this work at your office?

Image by mistycabal