NEW YORK (February 21, 2006) - Does having a salary range that tops $100,000 mean you´re savvy about asking for a raise? The most recent survey conducted by TheLadders.com, the world´s leading online recruiting resource for $100,000 jobs, reveals some surprising trends among the executive ranks.
A recent survey conducted on its Web site, www.theladders.com, garnered a total of 1378 respondents. Happily for employers, both men and women in this earning range stated they don´t tend to change jobs in order to get more money (only 4% indicated that would be their course of action). Instead, more than 70% confirmed that they´ve asked for a raise and 61% say they´ve asked for a raise with a positive outcome.
Yet, the data reveals only 21% of respondents have gotten a raise every single time that they´ve asked for one. Only half of the executives surveyed say they have the confidence in their abilities to request a raise, perhaps due to the perception among half of those surveyed that their management is unwilling to entertain such discussions.
Success appears to be in the details. Those who have asked for and received raises have done so by making a case and highlighting their accomplishments and contributions to their employer. 63% said they presented their case, followed by 14% who conducted a market assessment of salaries and went into their boss to discuss the situation. 8% chose the moments following a significant company success or major win to request a raise and 7% first solicited a competitive offer and then leveraged it to state their case.
Marc Cenedella, CEO of TheLadders.com, commented, "Negotiating a raise is a learned skill. As evidenced by these survey results, researching and building the business case that demonstrates your value to your employer puts you in the best bargaining position."
About TheLadders.com
Headquartered in New York, TheLadders.com, Inc. is a privately held company providing the world´s leading online recruiting resource to recruiters and job seekers in the $100k employment market. Ex-HotJobs.com executive Marc Cenedella founded TheLadders.com in 2003 to address the unique job seeking and recruiting requirements in this underserved market sector. Investors in TheLadders.com include leading venture capital firm Matrix Partners and prominent private investors such as Kevin Ryan, Former CEO, DoubleClick, Tom Matlack, Megunticook Management, and Robert Chefitz, NJTC Venture Fund.
In addition to its primary member-based sites, www.theladders.com and www.upladder.com, the Company operates popular vertical job search Web sites for sales (www.salesladder.com), marketing (www.mktgladder.com), finance (www.financeladder.com), human resources (www.HRladder.com), law (www.lawladder.com), technology (www.technologyladder.com) and operations (www.opsladder.com). All sites feature daily job updates as well as industry-specific weekly e-newsletters.
For corporate and executive recruiters, TheLadders.com delivers the same highly personalized experience at TheLadders for Recruiters (www.recruitladder.com), which enables them to easily post their $100k job openings at no charge.
The Company further differentiates itself from other online job boards that fall prey to fraudulent or poor quality job postings by implementing human mediated search, ensuring all job postings are fully qualified before being published to members.
More information about TheLadders.com can be accessed at www.theladders.com.
Media Contact:
Jeanne Achille
The Devon Group
(732) 542-2000, ext. 11
jeanne[at]devonpr.com