By: Mandy Mitchell
Question: I’m under contract but I was promoted to anchor. Now that my duties have changed I think I deserve a raise. Can I ask for one or would that be a bad idea?
Answer: Keep in mind I am simply answering this question from my own experience and the experience of others I know. The short answer is this: You can ask for a raise but you have to expect the station to ask for more years on that contract of yours.
If you like the new position and would like to grow in that new position, by all means go to your News Director and renegotiate the contract. Be prepared for a brand new deal that tacks on a few years if you would like more money. I know this doesn’t sound fair, but the station has the leverage.
If you have plans to leave at the end of your current contract, you should probably just stick with the deal you have. Use the extra experience as your “pay” and if you do a good enough job you will get that money back with your next deal whether that is at a new station that will pay you to move up as an anchor, or at your current station where you will now have leverage because you can leave. If they value you, they will pay you.
You always have to be thinking 3 and 4 years down the road as far as your paycheck goes. You don’t want to tack on extra years to a contract to make just 5 grand more a year. You could double your salary with a new job in that time. Be patient.