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Money

Here are the questions filed under this category. To read Ken's advice on any item, click on the link "Read Ken's Answer."


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I was recently promoted to a managerial position, but I am disappointed with the salary increase. The average salary for someone in my position is $16,000 more. I met with my boss and argued for an increase, and he said that he will think about it. It has been a month and I still haven't heard anything. Rumor has it he ignores these types of requests for as long as possible. Any suggestions?
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I work for a great company and enjoy my job. My problem is I recently found out that one of my co-workers makes double the salary that I do. He has others help with his work, sleeps at his desk, and holds onto work for weeks. When I addressed this with the supervisors, they laughed. I am flabbergasted over the salary. Should I let it go?
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Our company has been very frugal this year. Our pay is frozen, bonuses are a fraction of what they once were, and there have been layoffs. That's why it was shocking and upsetting to see the company throw an elaborate year-end bash. Do you think management made a mistake?
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I was recently told by my manager that my pay increase for this year is going to be two percent. I am not at all satisfied with this, but I know I should be happy to get any raise at all. What is the best way to voice my dissatisfaction?
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I just noticed that I am being overpaid by about $50 a week. We are a big company and this is not going to break it. I am wondering if I should say something.
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I recently received my salary increase and it was much lower than I expected. In doing some research, it seems my manager lied to me about the average increase in the district as well as on other items. How do I confront my manager that she is a liar or at least dispensing misleading information to me?
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My boss is five months behind on my annual performance evaluation. I have sent him several reminders, but none has worked. He told me he's waiting for his boss's approval. Just last week, I reminded him again via e-mail and copied his boss. Neither one replied. I want my salary increase and I want to know how I'm doing on the job. Can you give me a suggestion?
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I have been told that some of my employees have personal financial problems, especially credit cards that are maxed-out and at high interest rates. These same employees seem very stressed, and I am seeing problems with their work. As their manager, is there anything I can be doing to help them?
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I have been a public school teacher for 15 years, and I am preparing myself for interviews for a management/executive position. Since I have always been paid according to union wage, and I have no experience asking for what I am worth, how do I reveal my salary requirements and salary history to a prospective employer?
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My one-year review and a raise will be coming soon. Another person was hired a couple of months before me for the same position. His review and raise will be due before mine, but I do my job better than he does his. He has had problems with several projects and was briefly on probation. I will be upset if we both receive the same raise. How can I discuss this with my supervisor without sounding arrogant?
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Several of us were sitting at lunch talking about salaries around here when our manager walked by, heard what we were talking about, and got all upset and said we will be disciplined if we continue. Can she do this?
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I quit my job without giving notice because of some grievances and unfair treatment from my boss. How can this affect my last pay and also my work history?
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I work in a dental office and recently our employer brought in someone to refresh the CPR skills of the hourly office staff. This class took 2 1/2 hours, and afterwards our employer said that he wouldn't pay our hourly salaries while we were in the class. Does this seem right?
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I am moving out of this area, and the pay levels where I am going are lower than what I have been making here. I don't want to price myself out of the market, and I was thinking of telling possible employers that my pay is lower than what it really is. What do you think?
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After doing some salary research, I feel that I am considerably underpaid. I like my current job, but if I look for another job, is it wise to say to the interviewer that I need to obtain a higher salary? Also, my current boss once told me to tell her if I'm ever looking for another job. Should I actually tell her?
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I've been in the IT field for over 10 years, and have extensive certifications and knowledge in troubleshooting networks, computers, software and hardware, and providing customer support and training. I feel I should be making more money, but the problem is that I didn't finish college and constantly find jobs on the Internet that require BA/BS degrees for all IT positions. Since I don't have a degree, I'm not looking for another job. Your suggestions are appreciated.
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In my department, we all were hired within the last 3 months. We have the same job description, duties, and work hours. However, each of us was hired at a different rate of pay, negotiated at the time of employment. The range varies from $18.00 to $24.00 per hour. How do the lower paid employees go back and negotiate for a higher rate of pay?
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Many employers are requesting or even demanding that resumes include one's salary history. Some ads even say that resumes without a salary history will not be considered. Why is this demand being made?
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I am a recent college grad and I have been working for a start-up company for substantially less money than I would have been paid if I had accepted a more conventional job, mainly because there are stock incentives here. Things are not working out, and I am going to leave. My question is whether my low salary is going to hold down my starting salary level in my next job.
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Next month, I'll be at my present job for two years. I deserve a raise, but I want to know how to ask. The staff has been reaching its goals and everyone has been getting a bonus for the last few months. I do my job well and feel it should be reflected in an individual manner. How do I convince my boss of that?
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We cannot pay our employees very high wages, but we are fairly competitive for our industry. With all the emphasis today on how money motivates people, what are some things we can do, besides money, to motivate them?
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How can I get thanked by my boss? I do good work, and I have gone the extra mile on many assignments, but he shows no appreciation at all. His attitude is that my paycheck and my job are thanks enough.
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I am in sales and make over $200,000. Last year, the company hired a compliance person, and now the president has him handling leads that come in. He is supposed to find out how they heard about us. About 30% of the leads say they don't know. Some of those leads should be mine, but he told me I have no right to leads that do not mention my name, and he should be paid commissions for getting them. How should I proceed? The president has a negative view of salespeople.
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I am an assistant construction manager, and I was passed up on a promotion. They told me that the other person was in the right place at the right time, and I would be given a raise since there was no room for another promotion. It has been six weeks, and I still have not received it. I was told it is on the president's desk. How long should I wait?
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My raise appeared in this paycheck, and at first I was happy with it. After I talked with several co-workers, I found that my percentage increase was lower than theirs. This isn't fair. I think my performance was as good as theirs, but if I say something to my boss, it could be a problem because we are not supposed to talk about pay. What should I do?
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I go to lunch a few times a week with my boss, and he usually asks me to pay for him. Sometimes he pays me back, but he usually doesn't. Since he's my boss, I'm reluctant to ask him for the money. What can I do?
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Our company does not pay competitive salaries, and the benefits are below average for this area. To make up for this, we get inflated titles. People in top management think this is motivational, but just about everyone else thinks it's a joke. What's the point of this approach?
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Our company has a policy that says we are not supposed to talk about our pay, but everyone does anyhow. I don't see the point of this policy, and I'm wondering how common it is.
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Our small company is in a financial squeeze, and none of us got a raise last year. Two employees have been called up in the Reserves, and management announced that the company will be making up the difference between their military pay and regular pay. I don't want to sound like an ingrate, but it doesn't seem right to give them pay for doing nothing here. Besides, we will have to do extra work while they are gone.
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Our manager means well, and he likes to come into our work area and give us spot bonuses. I like extra cash as much as anyone, but his bonuses have nothing to do with anything. He just gives them to everyone. What do you think of this approach?
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I am upset that some of my co-workers are getting mid-year raises and I am getting nothing. Raises are given annually, but certain people get extra raises along the way. I told my manager that I would like to be included in these raises, and he said they are all special cases. What should I do?
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Salaries are kept confidential here, but through an email mistake, all of the management salaries in our company were sent to me. I am in management, and I was annoyed that several managers with the same title as mine are making more money. Should I confront my manager?
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I just completed an annual review with one of my employees, and he was not satisfied with his raise. He said he could make more money elsewhere, and he does not think his pay here is fair. Our pay is average for the industry. What can I say to him?
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At my evaluation, I received a minimal raise, but I did get a better title. I am unhappy with the raise, and a new title doesn’t mean much. I was afraid this would happen because I heard my manager say that employees prefer titles over money. Is he right?
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I gave one of my better employees a very substantial raise last year, and her pay is now above average for the industry and at the top of the grade for her job in our company. I gave her a modest raise this year, and she is dissatisfied with it and wants more. Our company policy will not allow such an increase, and her position does not warrant it. How should I deal with her?
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We received our bonuses for last year, and I am not satisfied with mine. I was under the impression that if I did a good job and the company made its numbers, I would get a larger bonus. How can I go to my manager to discuss this without sounding like an ingrate?
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I recently reviewed one of my employees and indicated in writing the areas that needed improvement, while also indicating that there would be no raise unless improvements were made. Less than two months later, this employee demanded a raise and threatened to leave if she did not get it. Should I give in or risk losing her?
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