Not Getting That Raise You Want? Here’s (Maybe) Why.

It happens: your annual review goes well, but you don’t see any extra cash in your paycheck. This isn’t a weird tax-law rounding error: you’re not getting that raise you want. Here’s why you may have topped out at your job.

It’s Not You (No, Really)

Tech pro pay is plateauing. Dice data shows that salaries for tech professionals are starting to even out after years of insane growth and impressive sign-on bonuses.

That’s not to say the industry is shrinking. Job availability is still incredibly high, but the pay levels didn’t budge much between 2016 and 2017. So it may have nothing to do with you at all!

Your Bosses Want You To Go

It might be a hard pill to swallow, but your manager may just hate you.

A dearth in annual or quarterly raises may just be evidence that your supervisor doesn’t appreciate your work, despite adequate performance on your part. If you sense this is the case, speak with your managers first. But if the situation is truly untenable, you could always jump ship: 63 percent of respondents in Dice’s Salary Survey said they were planning on switching to a new company in pursuit of higher pay – and 23 percent anticipated losing their jobs anyway.

You Hit Your Ceiling

If you’re not seeing a raise, you may have reached your natural zenith at your current company. It’s possible they don’t see a track for promotions, or even another raise. Whatever the case, the reason probably isn’t malicious;  but if more money is important to you, it’s probably time to move on.

Be Realistic

Are you a PHP developer with five years’ experience? Do you think you should make six figures? Is the fact that you’re making a fraction of that make you mad?

We admire your drive, but you could be overreaching. Your company almost certainly knows what tech pros with your position, skills, and experience make; which means they know you make the average for your role. The market for giving you a raise may simply not exist.

Know Yourself

Maybe the lack of raises signals it’s time to consider a new role within tech, or learning a new technology or skill. You may also want to consider moving: A new city can provide not only the opportunity for a new job that pays more, but also an adjusted cost of living that frees up more of your paycheck.

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Comments

One Response to “Not Getting That Raise You Want? Here’s (Maybe) Why.”

May 09, 2018 at 6:34 pm, nicholas said:

That’s a pretty mean spirited article. How about you need to man up and ask for a raise. Was this negative tripe just written to increase job dissatisfaction and increases applicant levels?

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