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I was the first employee of a rapidly growing company - how to ask for a large raise to reflect my huge increase in responsibilities?
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I'm coming up on my one year anniversary with a company that I joined as the first employee (not including the two founders) which has grown tremendously. We've went from just myself to now 15 employees and our new job openings have only accelerated from here. I now have direct reports, oversee an additional business segment I helped launch, revenue is skyrocketing and we're turning down business because we can't keep up with demand.

When I first joined the company I took a cut on benefits, kept stagnant pay and lost a few other perks because it was a really exciting opportunity to grow a business I believed in and was upfront with the founders about this when I came onboard. Now with the company growing so fast and my responsibilities also growing exponentially (not to mention inflation) I want to cash in a bit on the success/growth. We're hiring people now from major companies like Google, Andreessen Horowitz, etc., so more competitive salaries are definitely being handed out now as well.

I joined the company as what would traditionally be seen as a low-level manager, but frankly my responsibilities have now grown to Director/VP level as I manage two entire business segments on my own with a small team. I feel like I jumped quite a few career steps and while normally it would be wild to ask for a 50% salary raise - I feel like in the last year I've been given 2-3 "shadow" promotions that were thrust onto me because of the company's rapid rise.

Anyone have similar experience? Any recommendations on how to position all of this for the best odds of success?

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2 years ago