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Raise/Bonus Negotiation

How old are you? How much will you earn over your life because of the raise you're being offered?

How much is 3-4% of the house you're looking to buy?

Which number is higher?
 
Of course ask your workplace to do a paper raise that takes effect in 2017; there's almost zero downside to having the conversation. No offence to your father who I'm sure has tons of useful experience and knowledge to impart, but things just aren't that ridiculously formal anymore. You can have a human-to-human discussion about things like this where both you and your employer win.
 
This makes very little sense.

Does the grant actually specify that you can't get more of a raise than $2,000/yr? Or does it set some maximum salary limit that you would have to be under? The former seems...weird. The bonus would probably impact the latter the same as a raise would.

Ultimately, the value of that raise for the rest of your career is going to be worth far more than the 3-4% grant. At the same time, it probably doesn't hurt to ask to defer the raise until 2017.
 
rcpratt said:
This makes very little sense.

Does the grant actually specify that you can't get more of a raise than $2,000/yr? Or does it set some maximum salary limit that you would have to be under? The former seems...weird. The bonus would probably impact the latter the same as a raise would.

Ultimately, the value of that raise for the rest of your career is going to be worth far more than the 3-4% grant. At the same time, it probably doesn't hurt to ask to defer the raise until 2017.
Click to expand...

It has a household salary cap, I just did the math for you guys to put it in perspective. But the grant states that it only takes salary into account and not bonuses.
 
BlitzPuppet said:
It has a household salary cap, I just did the math for you guys to put it in perspective. But the grant states that it only takes salary into account and not bonuses.
Click to expand...

That is very strange...I worked with a sales guy who made >$1M in bonuses one year but I'm sure his base salary was well under $30K. So he could have gotten a grant from govt/charity to help purchase a house?

Congrats on the good work, BTW 🙂
 
BlitzPuppet said:
It has a household salary cap, I just did the math for you guys to put it in perspective. But the grant states that it only takes salary into account and not bonuses.
Click to expand...
Are they actually going to check your salary? How are they going to check your salary? Important questions to know the answers to. If they're going to check last year's W-2, doesn't really matter what happens this year.
 
rcpratt said:
Are they actually going to check your salary? How are they going to check your salary? Important questions to know the answers to. If they're going to check last year's W-2, doesn't really matter what happens this year.
Click to expand...

Recent check stubs :\. Previous W-2s will just be for employment history.

SearchMaster said:
That is very strange...I worked with a sales guy who made >$1M in bonuses one year but I'm sure his base salary was well under $30K. So he could have gotten a grant from govt/charity to help purchase a house?

Congrats on the good work, BTW 🙂
Click to expand...

Thanks 🙂
 
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