Tuesday, November 24th, 2015

Working Hard In An Accounting Firm? Need A Raise?

IMG_4817Research tells us that many women have NEVER asked for a raise. It is my observation that inside accounting firms, employees, in general, rarely ask for a raise.

Yes, accounting firms pay well for experienced people. Sometimes those coming in from the outside are paid quite a bit more than someone with longevity with the firm.

Don’t settle for less than you are worth. Here are some points to consider.

Has your list of responsibilities expanded since your last pay increase? Keep a list of tasks you have taken on and be ready to discuss these during your salary conversation. Your firm does not provide a salary conversation session? Ask for one.

If you are really dissatisfied with your pay increases/salary do some research in the marketplace. Again, it is my observation that many people in accounting firms are overpaid as compared to the market. This includes partners.

Do your research. If you determine you are underpaid, schedule a talk with your boss (partner/mentor/department head). If the result is “No, no raise at this time,” then ask them to describe what you have to do to earn more and get a follow-up meeting with them on the calendar for 3 to 6 months down the road.

It is healthy for both boss and employee to talk about salary. If you are the employee, it’s about your future and your career path. The firm should be prepared to paint a picture of the future for you.

  • "Formal education will make you a living; self-education will make you a fortune."
  • Jim Rohn

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