Title says it all. After working at my company for 1.5 years, I am expecting to be notified of a promotion in the next week or two which should be accompanied by a pay raise. Question is, I don't know how much that raise will be- but I'm starting to think that I should negotiate a larger one than what is offered to me. If I had to guess I'd say that I'll be offered a 10% raise, but I want something like 20%+ based on my upcoming duties and responsibilities (not to mention the field I am in and my experience).
I have 1-2 colleagues that have similar titles/experience who have been working at the company a bit longer than me, and it would be enlightening to find out what they make as I navigate the topic of my salary and have an idea of what my company *can* pay employees with my title. I'm on good terms with both coworkers, but it's still an awkward conversation to have. Any tips on how to make it less painful?
I was thinking of two options for bringing it up:
Option 1 - "I am really looking forward to finally being an {insert new title here}. I was looking at Glassdoor for what I ought to expect for my new salary, and I saw $X-$X/year as the range. Do you think that's reasonable?" <lead conversation to ask if they're comfortable sharing their salary>
Option 2 (more direct) - "I've really appreciated your input on X project lately, and it's been great to have coworkers here to get me acquainted with the company since I started. It seems like we've had similar career experiences/trajectories, and I was wondering if you'd be comfortable sharing what your journey has been at the company with regards to compensation?"
Either way I would state that I'd be happy to share what I make first.
Thoughts? Any advice for advocating a higher pay raise in conversations with my manager when the time comes? Am I being totally disgraceful and rude by bringing this up with coworkers to begin with? All opinions welcome. :)
Edited to add, I will obviously keep any of that information confidential and not use it to leverage a 'raised' pay raise.