Rebootkid tells his story of how he was worth an extra $US45,000 the moment he decided to leave:
I’ve tried asking for raises a number of times. I’ve tried the friendly approach, I’ve tried the maths approach… (i.e. walking in and saying, I worked out a chance to our process that saves the company $US30k a month, while improving customer satisfaction, how about a raise?)
None of them ever really work well. For nearly a decade I tried every way I possibly could to get a raise in at a company. I’d get some, but never much.
Put in my resignation, and all of a sudden $US45k extra a year was available to retain me. I quit anyways, under the idea that if they didn’t value me enough to give me the raises when I asked for them, then clearly they didn’t value me enough at all.
It’s a risky venture to put your job on the line for raise. That said, if your company feels they can retain you without offering more money they’re not going to boost your salary. Hopefully, you won’t walk away from your job, but good workers who want to be paid what they’re worth are more likely to get what they’re after if the company is faced with losing them.
For more tips on asking for a raise, check out our guide.
How to ask your boss for a raise? [Reddit]