I saw this story in the Wall Street Journal this morning. It talks about ways to get a raise even in the recession. And it got me thinking that I hope recent grads who just started their first jobs don't even think about raises. Even mid- to senior-level professionals are walking a tight rope when asking for a raise in the current economic situation. But new grads in their first jobs, who have been there a year or less, seeking raises?
I say, don't do it. Don't even think about it.
Why? First, you're lucky to have a job--regardless of the "recession" or not. Second, you've just started out. I hate to say it but recent grads have to pay their dues. It doesn't mean they have to be treated like crap at a job, though that's sometimes involved, but it does mean that sometimes you have to stay put for a while. I know we're all bouncy-bouncy from job to job nowadays, but sometimes a firm foundation--at least at your first gig--can be a huge benefit.
It's very rare that anyone graduates with their dream career. The most successful people have to work their way up. That's why I'm shocked at how many grads nowadays feel like they deserve senior-level treatment with entry-level skills. It takes time. Give it time.
So on the topic of raises, I say wait it out. I know you want to make the big bucks. And yes, your job may be paying lower than industry standards. Do your time, get your experience and move up. There's really no other way.
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2 comments:
Once an employee gets that first year of experience, their price in the marketplace goes up by a decent chunk (around 20%), at least in my experience. If the company is not willing to pay them what they are worth in market, or if they offer them a 3% merit increase, then they will lose them to another company.
As a recent graduate myself, I can understand first-hand how hard it is to have to "pay your dues". With the cost of higher education going up and financial aid going down, college grads are coming out of school with more debt than ever before. The inflation of education is going up, and no doubt that's going to affect students' career expectations.
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