Salary issue

irishboyuk

I work in financial services and I've been with the company for two years. I am a graduate and I earn 24k. The company I work for have recently advertised a graduate scheme. They are offering starting salaries of 26k!

I'm raging as I have asked for a pay rise twice in the past year and have been told NO - and been told that I'm on the starting salary and must be kept in line with everyone else!

The job I do is fairly complex and has a lot of stress/pressure.

I think its really unfair that they are prepared to bring in graduates with zero experience on 2k more than me!!

Do you think I should say something to my boss? I dont think I'm being unreasonable.


Any advice greatly appreciated.

tk123

Apply for the graduate role and they might get the message!

the_syco

irishboyuk wrote: »

I'm raging as I have asked for a pay rise twice in the past year and have been told NO

Google on how to ask for a pay rise. It usually includes stuff such as showing how you improved the businesses profit, how you got projects done within deadline, etc. Or if you haven't done any of this, perhaps you should; you don't get a pay rise for just doing your job in the private sector.

Giblet

2 years and still on starting? I'd bring that up with them, and show them the ad as well.

cozzie55

Just make sure that the add isn't "26k depending on experience". i.e it is going to be a lot lower for most applicants, and in all likeliness your company is never going to pay anyone the 26k no matter what experience they have.

Another point to note is that if you are on the graduate programme and two years in, it may be in your contact that your not entitled to a pay rise till the programme ends.

Still being on starting salary is a different matter. As a previous poster said you need to show that you deserve a pay rise. And even then its not guaranteed.

Red_Wake

irishboyuk wrote: »

I work in financial services and I've been with the company for two years. I am a graduate and I earn 24k. The company I work for have recently advertised a graduate scheme. They are offering starting salaries of 26k!

I'm raging as I have asked for a pay rise twice in the past year and have been told NO - and been told that I'm on the starting salary and must be kept in line with everyone else!

The job I do is fairly complex and has a lot of stress/pressure.

I think its really unfair that they are prepared to bring in graduates with zero experience on 2k more than me!!

Do you think I should say something to my boss? I dont think I'm being unreasonable.


Any advice greatly appreciated.

Wat

godtabh

Red_Wake wrote: »

Wat

He is a recent graduate with 2 years experience

Red_Wake

godtabh wrote: »

He is a recent graduate with 2 years experience

I don't know if someone who has 2 years (presumably relevant) experience in their field should refer to themselves as a graduate.

Muir

Red_Wake wrote: »

I don't know if someone who has 2 years (presumably relevant) experience in their field should refer to themselves as a graduate.

Many graduate programmes are 2-3 years in length so you would still be referred to as a graduate.

irishboyuk

Hi all.

Thanks for the replies. I meant "graduate" in the context that I have a degree and therefore I am equal to prospective new recruits under the graduate scheme they are offering.

My specific role doesn't require a degree but most people in my dept have one.

I started with the company as a temp via an agency and I am now a permanent direct employee. I have never received a pay rise. The last time I asked for one I was told that I had to be kept in line with starter salaries for the role and that they needed to pay everyone the same. I work extremely hard and I know I am well thought of by management/colleagues. I think its simply a case of our dept manager being "tight" and wanting to keep pay costs low!

I know that most people in my dept earn much more than I do and that's why I feel so annoyed to see that they are advertising Grad schemes with starting salaries of 2k more than me really gets my back up!!

Should I ask for a rise again and say how I feel re the new grad scheme?

I cant apply for the grad scheme as its not being advertised internally.

Cuddlesworth

As far as I can see, there are two ways to get a significant pay rise.

1-Fight for one. And I don't use the word fight loosely. It has to be a constant push towards a pay rise with constant reminding. And be prepared to back up your corner.

2-Find a new job.

keith16

Cuddlesworth wrote: »

As far as I can see, there are two ways to get a significant pay rise.

1-Fight for one. And I don't use the word fight loosely. It has to be a constant push towards a pay rise with constant reminding. And be prepared to back up your corner.

2-Find a new job.

Find a new job FTW. It is very difficult to get a pay rise once you are "part of the furniture" so to speak.

Add at least 10k to your existing salary when negotiating salary with a new employer. That's the time to be securing a salary increase, not 6 months, a year, two years, or three years in.

Inscrutable

irishboyuk wrote: »

I work in financial services and I've been with the company for two years. I am a graduate and I earn 24k. The company I work for have recently advertised a graduate scheme. They are offering starting salaries of 26k!

I'm raging as I have asked for a pay rise twice in the past year and have been told NO - and been told that I'm on the starting salary and must be kept in line with everyone else!

The job I do is fairly complex and has a lot of stress/pressure.

I think its really unfair that they are prepared to bring in graduates with zero experience on 2k more than me!!

Do you think I should say something to my boss? I dont think I'm being unreasonable.


Any advice greatly appreciated.

The financial sector is much too large relative to the social benefit accruing from it and as such is unsustainable long term. By all means try get a raise if pushing hard for it won't piss the manager off too much. But it'll be an employer's market for the forseeable future so I wouldn't threaten to quit unless you've secured a new job on the q/t.

amcalester

The fact that you have a degree has no basis to your salary as you are not on the graduate program.

You are not comparing like for like, what do other workers with 2 years experience in your department earn? This is what you should be comparing yourself to.

Inscrutable

amcalester wrote: »

The fact that you have a degree has no basis to your salary as you are not on the graduate program.

You are not comparing like for like, what do other workers with 2 years experience in your department earn? This is what you should be comparing yourself to.

This info may be available on Glassdoor:

http://www.glassdoor.com/index.htm

donegal11

What your job, fund accountant perhaps. how long have you been working official for them. Did you not have any performance reviews in that time? Did you any courses relevant to the job in that time?

Cuddlesworth

Inscrutable wrote: »

This info may be available on Glassdoor:

http://www.glassdoor.com/index.htm

. I was curious. My exact job is up there and its fairly unique. They must be hiring more people.

Piriz

my brother was in the exact same situation on a grad program with AIB many years ago and he immediately brought it up with them... they increased his salary to more what was on offer to the new grads (and rightly so)... dont let anyone walk over you in business...go point out to them the problem and ask them to explain themselves... insist you want more than the new grads are getting...

donegal11

Piriz wrote: »

my brother was in the exact same situation on a grad program with AIB many years ago and he immediately brought it up with them... they increased his salary to more what was on offer to the new grads (and rightly so)... dont let anyone walk over you in business...go point out to them the problem and ask them to explain themselves... insist you want more than the new grads are getting...

Wouldn't go insisting on anything unless you definitely know your worth, the new grads could potentially be of a higher standard then you.

Gmol

donegal11 wrote: »

Wouldn't go insisting on anything unless you definitely know your worth, the new grads could potentially be of a higher standard then you.

If you have 2 years in the company and are doing the job that they will be doing then they shouldn't be