I've been working in DevSecOps for a small health-tech startup with less than 20 employees for about 18 months. Last year, we had layoffs and nobody received their expected 10% bonus. With another engineer leaving soon, we'll be down to just three of us: one data scientist, one backend engineer, and myself. I love my job, but I know I could easily earn 20-25% more based on the current market for senior roles in this field. After going through a six-month performance review process, I received a mere 3% raise, which was disappointing. I joined this startup at a lower salary because I wanted to escape my previous job and I expected to negotiate a raise after a year, but that didn't happen. Now, I feel undervalued despite my contributions and I know I'm not easily replaceable, given my role in developing the company's tech and security infrastructure. I'm considering how to ask for a reasonable raise of 10-15% or a guaranteed bonus, but I want to do so without risking my job. What are my options?
4 Answers
It sounds like you're in a tough spot. The reality is that asking for a raise can be tricky, especially in a small startup. If your only leverage is the possibility of leaving, that might be your best negotiating tool. Just keep in mind that it's usually hard to negotiate a significant raise without being prepared to walk away. My advice? Ask for the raise, but also start looking for other opportunities just in case things don't go your way. It’s tough, but knowing your worth is essential, especially in this job market.
If you decide to stay, maybe consider suggesting a performance-based bonus structure instead of a raise. It could be a safer approach for the company budget. Either way, keep your eyes open for other opportunities as a backup.
I think it's great that you appreciate your current job, but the compensation matters too. It can be frustrating to feel like you're stuck in a rut. Be proactive—send out some applications and see what other offers are out there, then you can assess your options more clearly.
If you're looking at getting 20-25% more elsewhere, it might be a sign that it's time to jump ship. Layoffs are concerning, and sticking around for a nominal increase isn’t worth it if you can find better opportunities. Just make sure you have a new job lined up before you hand in your resignation!
Good point about leverage. It's definitely hard to negotiate something substantial if they don't see your value already.