Hey everyone, I'm currently working in a DevSecOps role at a small health-tech startup with fewer than 20 employees. I've been here for 18 months now and I really enjoy it, but I'm feeling a bit undervalued lately. Last year, we had layoffs and nobody received their promised 10% bonus. We're about to lose another engineer, which will leave just three of us on the engineering team.
Even though I'm in a unique position here, handling a lot of the tech and security infrastructure directly with our CTO, I received only a 3% raise after a six-month review process that didn't involve any real discussions. Based on my experience, I know I could easily make 20-25% more in the current job market for similar roles. I want to stay with the company but the temptation of better pay is strong, especially since I'm not sure if I can ask for a 10-15% raise or at least a guaranteed bonus without risking my job. How should I approach this situation?
3 Answers
Honestly, if you can get 20-25% more at another place, maybe it's time to consider making the leap. Layoffs are worrying, and it could be a sign of deeper issues. I think you should actively start job hunting now.
Make sure you evaluate your personal investment in the projects. If you believe in the vision of the company, there might be potential growth, but if things are rocky financially, consider your options. Just remember to keep looking and don’t leave until you have something lined up. Maintain a good relationship while being honest about your worth.
You really need to think about your leverage here. If you're underpaid and the company isn't addressing it, your strongest option may be to seek new employment. It’s tough to negotiate raises outside of the normal cycles, especially in a startup that’s having layoffs. Ask, but know that they might not take your request seriously given the current state of things.
Right? Not having a chance to discuss things during the review cycle puts you in a tough spot. It's true your leverage mainly comes from the potential of leaving, and it sounds like your exit could really put the company in a bind.
Good point! They do have some cash flow despite a rough year, but that doesn't guarantee job security. I think exploring other opportunities might be wise.