Question About CPI

[theycallmered]

Alittle background first...

I just had an interview for a new job yesterday and I am really hopeing that I get that job because I am wanting to negotiate the terms of my current job.

So, if and when I am offered my new job (keeping my fingers crossed) I would like to go to my current employer and say "here's the deal. I've just been offered a new job, but I really enjoy working here, however I simply cannot afford to keep working here."

One of my arguements for a raise would be the CPI (consumer price index). Now from what I understand about it, the CPI (which was 4.2% this year) is a gauge on consumer prices. So in short, consumer prices went up 4.2% last year. However,my last raise was for 2%. Which brings my raise considerably lower than what the CPI is.

Basically I am wondering if my logic in regards to CPI is correct. (CPI is 4.1% my raise was 2% therefore financially I am falling behind on the rise of inflation in regards to my salary).

Does this make sense?

Can anyone help me?

 

[KarenC]

I used a job offer to negotiate a raise with my current employer once and I will never do it again. If it's time to go, it's time to go. If it's not time to go, then talk to your manager about what you can do to become more valuable to them so you can earn a promotion and higher wages.

Wage growth hasn't been keeping pace with prices across the economy.

 

[theycallmered]

About two months ago my job change drastically. I went from being the receptionist to now being the individual who handles all of the plants accounts payables along with another plant's payables. This all happened when my former supervisor retired and rather than hire someone new for the department they simply reshuffled all the department's duties. So, in short my work load went from being extremely low with barely enough work to cover 5 hours out of an 8 hour work day, to now where I am working 3 hours of overtime a week.

When my job intitially changed (Back in May) I brought up the prospect of a pay increase, but was told that pay changes only occured during the employee's annual review. Mine is in February.

So, I am hoping that my current employeer will realize that if I leave they will be two people short within my department and in desperate trouble. Thus, I am hoping to use that leverage along with some facts (CPI for example) that they should give me a pay increase as an incentive to stay.

 

[theycallmered]

Oh god, I got the job!!

Now what!!

 

[diznygirl]

Although what you say is logical, I don't think logic is used when determining an employee's salary!

Be prepared to have them congratulate you on the new job and show you the door.

Good luck!

 

[disneyeveryyear]

MY DH doesn't work that way when he hires/promotes, etc.

If they have to offer you more money, then they feel you are theatening them.

If you are worth more $, then why haven't they paid you what you are worth?

Take the new job and live for the adventure!

 

[Toby'sFriend]

It makes sense, but I agree with the others --- be more than prepared for them to wish you well in your new job.

 

[barkley]

go with whatever has better security. dh's department has lost over 1/2 it's staff over the past few years and all of the duties have been shifted to existing staff-with no raises in almost 5 years. but given that the bulk of those positions within the agency that are being filled are being filled with temps. who get no benefits and are 'at will' with no job security-and the bulk of the jobs in his line of work are subject to mass staffing cuts we consider ourselves fortunate to have a secure job with benefits and solid retirement/pension.

one thing to consider when comparing the new job's pay rate to the current-will benefits be comparable/cost the same? how long do you have to wait on new job before you are eligible to a raise? with one job i had i could have been paid more if i took a comparable position with another agency-but i would have doubled my med/dental cost, lost my free life and disability insurance, and gone from 6 weeks paid vacation to 3. with the increased taxes on the wages i ended up ahead with the lower paying job with better benefits.

i don't know many employers that use the cpi for wage consideration anymore-they have the budgeted amount they are willing to work with and it does'nt correlate to the current economy.

 

[mamacatnv]

However,my last raise was for 2%. Which brings my raise considerably lower than what the CPI is.

Basically I am wondering if my logic in regards to CPI is correct. (CPI is 4.1% my raise was 2% therefore financially I am falling behind on the rise of inflation in regards to my salary).

Welcome to the club! The cost of fuel alone should warrant us all a raise, but alas.........

Here is a different angle/perspective on the issue:
Does your employer offer you healthcare that they contribute to or cover the cost of - employers are seeing huge increases in the cost of healtcare, but most don't reduce your wages........My company pays 100% for the employee and last year we were hit with a 46% increase, we swallowed it.

Using another job to negotiate your current is a gamble, it may work in your favor or it may not.

Before you roll those dice, make sure the new job offer is worth leaving the current job for.

Good luck in whatever you choose to do.

 

[lowie]

i went into my previous HR and told her that i was leaving for a better job with higher pay (much higher) i didn't really give them much choice as i wasn't happy with the company. the owner did offer me more money to stay but i refused. I think you would be better off NOT to give them an ultimatum, just give them fair notice and be prepared to move on. if they come back with an offer then reconsider.

good luck!