I've been on the same team at work for six years. Two months ago I was promoted to the next level, the "Sr." version of the job I'd been doing since I started. My current manager asked me to apply for another role on our team that is also at the new level, which I did, and I received an offer letter today.
When I increased a level two months ago I received an ~25% raise. The offer letter offered no additional increase. My current manager (the hiring manager) said that, due to the recent raise due to the level increase, there wouldn't be an additional raise at this time. However, she'll be taking this move into account during annual review and compensation planning going into 2018.
This new role is going to require additional responsibility, including likely managing more people than I am currently managing and driving team-wide strategy. I suspect that on the open market in my industry my value is at least $10k-$20k more than I am earning right now, but I don't have a way to confirm.
"Taking this move into account during annual review and compensation planning going into 2018" seems like a general way to kick the can down the road and put me off until next April (10 months from now), and any raise at that time is likely to be the "high performer" standard raise, which wouldn't bridge the gap that much.
My three options seem to be:
- Accept it without saying anything
- Say I had been hoping an increase in compensation would be included due to the increase in responsibility
- Say I want an increase due to the increase in responsibility
Any advice regarding negotiating or even finding out a good estimate as to what actual value is?