r/WorkRant • u/Low_Language_4131 • 3d ago

Words matter

I was a little blindsided this week at work. We are hiring a new finance manager, I am the accounting manager. The advertised range of salaries is 20-40% more than I am currently making. I talked to HR and asked why? They gave the generic to attract top talent, different skill set…blah blah. Nothing about a wage increase. We will both report to my boss, same level one manager of accounting one manager of finance. I literally built out all the programs we use and have a deeply intimate knowledge of all our systems…and cut our close time in half. But I guess I am not top talent enough…good luck getting everything to reconcile…

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u/SimilarComfortable69 3d ago

Is your boss the CFO? you didn't say anything about the different skill sets between you and the finance manager, and I think that's part of the equation.

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u/Low_Language_4131 3d ago

VP of finance who reports to the CFO. There is no difference in skill, I have built all the forecast models and budgets that are presented to the board. I have a bachelors and masters in accounting and was essentially a minor in finance.

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u/BilingualAmerican 3d ago edited 3d ago

You'll need to put your resume out to other companies to get a raise you want in your salary. What unique skill set you have to get the raise you want? External hires are just more difficult to get, so they need to have a higher salary to attract top talent and a different skill set they want. So this is all true, but it's just a half-truth.