A lot of folks here are advocating for finding another job, and while I respect their experiences, you can get meaningful comp adjustments internally. In the 8 years I’ve been with my company, my comp adjustments have totaled 300% of what I started at.
You read that right: I tripled my salary without leaving my company.
How did I do it?
I found a company that valued me as a participant and rewarded its team members accordingly based on performance.
I performed at what I was given, and was eventually given chances at new opportunities which I turned into ongoing responsibilities. I’ve repeated this cycle several times over the years.
I held regular feedback cycles with my manager. Our cycles consisted of reviewing current tasks/responsibilities as well as mapping out how I could grow.
I built an understanding of the company’s financial health. No point in asking for a raise if the company is in a spending freeze.
I would start comp conversations early. If the company adjusted salaries in July, I would start a conversation in January. That gave my manager time to work with finance to allocate funding, and gave me time if necessary to grow if there was a disconnect between what I wanted and my current performance.
Last but not least - there has been an element of luck with my situation. Not every startup has an exit, and not every tech company grows. If I hadn’t been in the right spot at the right time, I would have missed out on some of the most significant increases to my pay.
I have been doing the same at my 1st company, until one day the promotion wasn't fair. I have left and tripled my salary in 5 years following the advice that's popular here.
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A lot of folks here are advocating for finding another job, and while I respect their experiences, you can get meaningful comp adjustments internally. In the 8 years I’ve been with my company, my comp adjustments have totaled 300% of what I started at.
You read that right: I tripled my salary without leaving my company.
How did I do it?
Last but not least - there has been an element of luck with my situation. Not every startup has an exit, and not every tech company grows. If I hadn’t been in the right spot at the right time, I would have missed out on some of the most significant increases to my pay.
I have been doing the same at my 1st company, until one day the promotion wasn't fair. I have left and tripled my salary in 5 years following the advice that's popular here.