I started working as a receptionist for a State Farm office at 10 dollars an hour. He sent me to insurance school, I got my insurance license, and I've had it for about a month or so. I am also going to be taking an insurance class at college in the fall. Do you think I should ask for a raise? And approx. how much? I don't really know how to go about asking for one.
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Sure you could ask, but you're probably not going to get one.
An inexperienced, licensed CSR is worth about $18,000 to $20,000 a year. Which is what he's paying you. A "receptionist" isn't worth that much.
Once you get a few years of experience, handling the accounts, you can ask for more money, but you probably won't get it. From my personal experience, substantial raises come with moving to a new agency. If your employer wanted to pay $25,000 a year, he would have hired someone with experience, already licensed.
From your question, I did not get how long you had been here. Obviously enough for them to pay for your education and to make you more valuable. But what if any of your duties have increased? Have you taken on any more responsibility since this newfound value? So the question you should be asking is, If I were my boss and I looked at my effort and my attitude what would I be willing to do to keep this person. If you keep that mental forethought, you won't have to ask for raises, they will find you. If at some point you can sit down and honestly say you've put in way more than you've gotten back. And you feel that your honest ambition to put into the company is more than what benefits you are getting in return, then sure go ask for some compensation. Otherwise, with a license such as yourself you're going to find soon enough commissions is about the numbers you produce in the end. It's a dog eat dog world and to get paid you must produce business. Most secretarial positions these days don't throw bonuses on the table because you walked in, in a new suit and a brand new diploma. It's about production, success, and validating your worth through statistics. Do this and you can let the report determine your income. (Joe Bob with the big pocket will probably throw in some fancy watch when you win the sales of the month award) That is how the game is played. That is what you are in training to do. Be good at it stay steady at it and good luck
If he sent you to insurance school, I'm assuming he paid for it. $10 an hour might not seem like a lot to you, but you are doing a lot better than everyone who is making minimum wage.
It also depends on how long you have been at the job. You have had your insurance license for a month or so, but how long have you been employed there? Do you get insurance of other benefits? A lot of these things are also factors.
Are you selling products. If you are you should ask for some kind of commision and not a raise. I started out making 200 a week plus commision as a fully licensed staff property casuality and health and life. I have now been here for a year and a half and get 500 a week plus commision. so 10 an hour with only secretary duties is about right but if you are writing I would ask for a commision percenatge. he also paid for your school which was about 500 so you have to factor that in as well.
Licenses, registrations, and continuing education are just a part of our business. Pay raises have to do with long-term value you offer to an employee. You only deserve a raise if you have proven you offer more value to the business than you did before.
On the flip side, you are now a more valuable asset on paper to another employer. I worked with a brilliant woman who processed insurance business, and the owner paid for her to get her series 7 and 63. She picked up and moved to a securities firm where the work environment was better and got a pay raise in the process. Good for her.
Now,l why should anyone give you a raise?
Because things cost more???Sorry! Because you deserve it? Sorry!
Because you have given me reaons why it is in my interest you give you a raise? NOW you're talking! Remember, you don;t get whaty you need or desverve, you get what you negotiate.
""" I have a question.Now that I am a licensed agent, I feel I can handle additional responsibilities, and I am capable of taking more off your hands. IN view of the fact that I am willing and able to take on more responsibilities than in the past, I feel I am not out of line in asking that my salary reflect this."""""
Good luckl