How to negotiate a raise when you’re being paid below market rates and peers? /u/young-denver-bottom CSCQ protests reddit

Hi everyone, I currently work at a fortune 100 company where l’m a mid level engineer. I am self taught and have been told by my managers that I consistently exceed expectations.

I recently had a conversation about salaries with my peers who are also mid level engineers. I come to find out that I am getting paid 20-30% less than my peers and 40% less than the market rate. We have had the same 5-6% yearly raises each year. It stems from the fact that I took a low ball offer when I started with the company. It should’ve been a red flag when they immediately gave me the exact number I gave them on the application.

I’ve been told that getting a raise larger than 5-6% is super difficult due to the politics of the company. I really like my team and considering the state of the job market I do not want to leave.

Performance reviews start next month and I am trying to figure out how I can negotiate a salary that aligns with the market and my peers. Additionally, it’s important to note that my peers and I have similar years of experience and level of education.

Hi everyone, I currently work at a fortune 100 company where l’m a mid level engineer. I am self taught and have been told by my managers that I consistently exceed expectations.

I recently had a conversation about salaries with my peers who are also mid level engineers. I come to find out that I am getting paid 20-30% less than my peers and 40% less than the market rate. We have had the same 5-6% yearly raises each year. It stems from the fact that I took a low ball offer when I started with the company. It should’ve been a red flag when they immediately gave me the exact number I gave them on the application.

I’ve been told that getting a raise larger than 5-6% is super difficult due to the politics of the company. I really like my team and considering the state of the job market I do not want to leave.

Performance reviews start next month and I am trying to figure out how I can negotiate a salary that aligns with the market and my peers. Additionally, it’s important to note that my peers and I have similar years of experience and level of education.