Current Events > Getting a big promotion with more responsibilities. How to negotiate pay

(+) Yeah! (+)

My manager, who is a director, is leaving the company in two weeks. I was called into the executive director's office and he explained that he wanted me to take on many of my manager's responsibilities.

He said this would involve being moved into a new role with a pay increase. He said that it is not a director level position and that I would need to prove myself.

I know what I am making (85k) and what the person before me in my role was making (180k, but with more responsibilities, 20-30 years of experience), and I know how much my manager is making (over 200k, but with 20 years experience and an MBA).

How do I make sure that I am receiving an equitable pay increase proportional to my responsibilities and years of experience?

I looked on Glassdoor and I'm getting a huge range of salaries for this new position, from 66k to 120k, with an average of 88k, which is about what I am making now. But I'm in the highest COL city in America.

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Bump

i'd tell them i want 150k with an eye on settling around 135k
can you enunciate and articulate the additional responsibilities to them and what that would entail for you?
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Always, ask the interviewer/ new boss the salary they think you deserve. This gives you leeway for negotiation.

Then you need a target value. Let's think it like this: your manager makes 200k with 20 years experience. You can calculate your way back to his base salary ( assuming a yearly rise of 2% percent, which is a moderate value). You'll end around 120-130k.

Being able to explain how you come up with your target salary, if asked, gives credibility to your figure.
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imo it really depends on the organization how aggressive you should be in negotiating your salary
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I've seen statistical data that most promotions come with a 10-15% salary bump on average, with 15-20% being in the "very good" field. That may be a good starting point for you to work with depending on how strongly you feel about your qualifications.

Granted, you also need to see the culture of your job and any leverage you may have. In my most recent job, I had a combination of factors that I could use as leverage that allowed me to negotiate a 100% pay bump. But it's not something I could have done had it been with any other company (or even this one at any other time).
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