My question is about having a toxic boss.
Once again, I’m disappointed by my yearly loyalty raise. The thought of waiting a whole year for the next job review is depressing me. Despite the fact that my review went very well, that excellence won’t be reflected in my paycheck. We’re all down in the dumps and talking about moving on. I love my coworkers, but the boss is toxic. When he’s in a lousy mood, his atrocious moodiness spreads like a really bad cold virus. At the end of the day, we take home the toxicity.
–Ashley, Providence, RI
- According to Social Security records, the average 'loyalty' raise is 2.5%.
- Job changers can make more than 10% a year; if you change jobs every few years you'll be ahead of the game.
- Taking into consideration the stage of your career should be a factor.
- For the first decade your salary should double; the second decade it may increase 50%; the third decade your income stops growing; the fourth there will be a slight decline.
- Again, according to Social Security records fewer that 2% of employees double their income from the third decade on.
- Keep your job while you look for a fresh opportunity, because it is easier to find a new position when you're already employed.
- Getting a raise should not be a once-a-year exercise.
- Have a one-on-one conversation with your boss this week to discuss what your success looks like and find out what is key to your boss in the coming year.
- How is (s)he looking to take the company?
- This is not a once a year conversation.
- Get an update at every quarter.
- Keep a record of these discussions.
- Find out what you should be making from Can You Buy Phentermine In Australia, Buy Phentermine Online Uk Only, Phentermine Canada Buy, or Cheap Phentermine Nashville Tn.
- Check out the new app Switch, which is the Tinder of job searching. Hired.com is a marketplace where companies bid and compete for the most talented workers.
- Have a back-up plan when you're told the budget doesn't include raises.
- When there are no raises proactively look for projects or initiatives of value: flexibility to work from home, mentorship, partial payment for an executive MBA, a rotation in another division or overseas assignment, etc.
- Women continue to earn less than men; they are not as likely to ask for a raise because they know they are seen as less attractive employees than men who asked.
- If you're given the raise you deserve, don't spend it; investing it forges greater confidence.