Salary/Bonus Increase Lesson
Two years ago I led a multi million dollar 12 month project as an FTE for an organization. There was a lot of pressure on me as a similar project was launched a few months earlier and was a disaster. All eyes in the company and customer base were on this project. After completing the project, everyone in senior management was ecstatic with the results and happy with my performance. When bonus time came around I received a 6% bonus with an extra $1000 for a 'thank you'. (Based on the complexity of my work and scope/magnitude of the project) I was quite upset...but I said nothing. A month later my annual performance review was held and the VP I reported to said my performance was satisfactory and gave me a 1.1% salary increase for the new year. (That's below inflation and very insulting) Again, I said nothing. Inside I was fuming, but I've learned arguing would get me nowhere. It was quite clear I wasn't being appreciated and I was dealing with people who just didn't get it. A few months later I resigned to start my own practice. It was the best decision I made and I couldn't be happier but the sweetest moment for me was 12 months after I left, the company I had quit from reached out to me indirectly to 'see how I was doing'.
What I learned from this experience is, just as in life, everything requires balance. And when someone, or a job, does not treat you how you feel you deserve to be treated, don't settle. Don't limit your beliefs to accept the ordinary and let people tell you 'this is how much you are worth and you should be grateful'. No, I'm grateful to this lesson and indirectly thankful to my old boss; who's 1.1% salary increase made me realize it was time for a change.
I hope this little experience resonates with some of you who are feeling held back in your career.