1 One Way to Get the Raise You Deserve: Goofed Math | The Billfold

One Way to Get the Raise You Deserve: Goofed Math

A friend just IM’d me to tell me that she’d accidentally asked for a 25% raise … and she got it. What happened: She got another job offer and used it as an excuse to have a meeting with her boss. She said. “I have a job offer.” Boss said: “What will it take for you to stay?” She said “$(sum of money 25% over her current salary) Boss said: “Okay.”

The very, very, very best part is that my friend had intended to just ask for a 10% raise, but her calculations involved figuring out gross income and net take home both before and after overtime was factored in for both jobs. There were a lot of numbers in her head, and when the time came, she thought she was saying the 10% number … but she wasn’t! So with total confidence, thinking she was asking for 10%, she asked for 25% and got it. Would she ever have asked for 25%? Nope. WHY NOT? “That’s so much money.” But she’s totally worth it (and probably even more since the boss didn’t even try to negotiate down). ASK FOR THE MOON. AND DO IT WITH CONFIDENCE. (Goof your math if you have to, or have someone else goof your math for you. Next time you need a raise, I will be your calculator. Call me.)


14 Comments / Post A Comment

ama (#1,639)

Best story ever.

Harriet Welch (#127)

What the what? My absolutely shitty math skills have never, not once ever gotten me more money. This inability has lost me a ton of money. “Woops, Mrs. The Spy you miscalculated that number on your checkbook balance by six cents. Here’s a $45 fee, here’s another one and another one buhahahahahahahahahaha. I know this mistake cost us $0.06, but it’s going to cost you $196″.

@Harriet Welch That’s the story of my life.

Harriet Welch (#127)

@totallyunoriginal UGH. I am just so sorry for you. I was hoping it was only me. This is 100% why I just don’t use my checking account the way that normal people do. I don’t write checks, or use a debit card. I have learned that I am just not competent enough. Yuck, it’s just the worst.

honey cowl (#1,510)

@Harriet Welch You are describing a past life of mine. I can’t even fathom the amount I used to pay on overdraft fees before I got more responsible AND switched to a bank with no overdraft fees!

Harriet Welch (#127)

What sort of magical place is that!?
I switched to an amazing, lovely local bank that has great policies. They still have overdraft fees though. You do get to free per year.
Although, this is my not-to-distant past. I am very proud of the fact that I have not had anything returned or overdrafted my account in one year! It was probably a silly impetus, but once I got engaged I determined that bouncing checks was just not something that grown-up married people ladies did. So I stopped. It helps that I have more money, so the juggling is easier. I have tried super-duper hard though. I have made some other financial progress too, but that’s been the most money saving fix!

honey cowl (#1,510)

@Harriet Welch Charles Schwab! My Roth IRA was already with them, so I switched my bank accounts over too. A downside is the lack of branches in the area (for instance there is a Schwab investment firm in Seattle, where I live, but no Schwab bank). This downside is pretty much negated by the fact that they
1. reimburse for all ATM fees and
2. offer mobile deposit using their app for any checks that can’t be direct deposited.

AND I EARN INTEREST ON MY CHECKING ACCOUNT (which is often negligible due to aforementioned problem with overdrafting).

Harriet Welch (#127)

@Lauren ACK! That is amazing. I wish I could talk my sweet local bank into all of this stuff. I have kind of a thing about trying to keep as much of our money as possible within our community. I am looking for somewhere to stash away our savings (which is often negligible due to the aforementioned problem with overdrafting) that proves somewhat difficult to get to…perhaps this could be an answer.
Thanks a bunch!

@Harriet Welch One time I tried to apply for overdraft protection and was denied…because I would get hit with too many overdraft fees. Pointless. For the most part, I’m much better with my money. But I still couldn’t tell you how much I have in the bank or how many pending transactions I have. Good times.

ThatJenn (#916)

@Harriet Welch My bank has overdraft protection – it’s USAA, and the banking part of their business is open to non-military folks. I love them so much. They don’t have local branches almost anywhere, BUT they’re designed for people who live all over the world: they’ll refund up to $15 in ATM fees from anywhere each month, so you never have to look for an ATM in your system, and you can cash checks from your smartphone (or computer). Their customer service is also A+ in general (they once called me to tell me I’d failed to make a required credit card payment, and let me do the payment over the phone and counted it as on time instead of just jacking up my interest rate and messing with my credit, plus they’re just nice and easy to work with in general).

Unless your job involves actual math. Then don’t goof your math.

Nick (#1,548)

This probably means she was underpaid 25% or more all along, and is now making closer to what she should have been making in the first place.

acid burn (#113)

Can we have a conversation about how to ask for a raise? Should I just ask Mike Dang, since he knows everything?

nonvolleyball (#305)

this is an awesome story, so I feel bad pointing out that this is often not the best way to get a raise? I mean, it can sometimes work out, but often your current job will say “fine, take the new offer” & then you have to leave or else feel really silly staying. you’re also signaling to your boss that you’ve been looking elsewhere, so even if they pay more to keep you, they may be questioning your loyalty to the organization in the future. & if you really were unhappy in your current role, chances are you’ll still be unhappy once the glow of the new raise wears off. (&, ladies especially, never feel bad asking for money that you’re worth–this is a sadly common phenomenon amongst the female community, & too many of us are being cheated out of income because of it.)

but–these are general points of advice, which may not apply at all to your friend, & congrats to her on her huge raise!

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