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The original was posted on /r/antiwork by /u/FynnLockwood on 2023-08-11 23:01:26.
I started my company a little over 5 years ago and have been promoted twice during that time. In both instances of promotion (from Sr. Specialist to Manager and then again to Director), I received only 10% raises for each advancement. This capped my pay at $76,000 per year for a director-level position. In April of this year, just 2 days before I was scheduled to receive my $10,000 annual bonus (awarded for meeting my personal, team, and company goals), it was decided that bonuses would not be given out this year. At that point, I began actively searching for a new job.
Despite loving my job, I remained with the company even though I was being underpaid by approximately $35,000 to $45,000 based on my title. However, missing out on my bonus was the final straw.
This morning, I received a job offer (for the exact same role I currently hold at my current company) with a salary of $125,000 per year. The same job, but offering $50,000 more annually.
I called my boss to inform him that I had accepted an offer from another company. He asked if I would reconsider if they matched the pay. I responded professionally, indicating that I would not be changing my decision. I explained that in order to retain my services, they would need to match the pay and provide me with the difference in salary from the time I was promoted to director. Unfortunately, he declined to agree to this, and I thanked him for being a good boss and a decent person (as he truly has been).
I would strongly recommend that, even if you enjoy your current job, you consider searching for new opportunities every 18 to 24 months. This is often the only effective way to secure compensation that aligns with your true worth.