Answered by Ashley, Hiring Expert at Cardinal Health, on Wednesday, January 23, 2019
Congratulations on your increased level of responsibility! I think there are a few factors you need to consider prior to asking for a pay increase.
First, when your responsibility increased, were you given a promotion or new job title? If so, I think asking for a raise with your promotion is valid and deserved.
Second, how does your workload compare to others on your team? I would not recommend discussing pay with your colleagues but take time to consider how your workload compares to others. Are you doing more work than others that could validate a pay increase?
Third, do you have an annual performance and merit review process within your company? If there is a standard time of year that your company offers a merit increase for all employee's, that would be the best time to discuss a higher raise. Take that time to discuss everything you have accomplished over the past year and what you have contributed to your team. You should have a good story to share and valid reason for wanting a higher increase. If your company does not offer annual raises, I think it's fair to approach your manager about this at your next performance discussion.
Lastly, when conducting your industry research, is location a factor that you considered? Pay could be $10k higher in a larger city but is it fair to say that your research was consistent with jobs in your geographic area? I would keep in mind that it is uncommon for a company to offer a $10k increase to an employee without actually having received a job promotion. If you believe you are currently underpaid based on the market, this would have been something best discussed at the time you received the job offer initially. Once you are in a job, it's difficult to negotiate a significant pay increase without a promotion. Not to say it can't be done! But I would recommend keeping all of this in mind to set expectations on your end if you do approach your manager.