I’ve been working remotely half time as an impartial contractor (aka Type 1099) for a good friend for 4 years doing bookkeeping and admin work. After I began, she advised me how a lot she pays and I used to be proud of the speed since it’s greater than I might make the place I dwell. I don’t wish to destroy this friendship. however I additionally don’t wish to be a sucker.
I’ve been on the similar hourly fee for your entire 4 years. She incessantly tells me how she appreciates me, what a great job I do, and begs me to not depart. Whereas the speed is greater than I might make the place I dwell, it’s a minimum of 20% lower than she must pay for somebody in her location. The hours are very versatile, and I’m grateful for that.
In 2021, she raised the wages of all her staff by 5% to 10% as her firm is doing very properly post-COVID. She has by no means provided to lift my fee. Admittedly, I’ve not requested for a rise. It isn’t a matter of her being in a position to afford it. She may be very rich — price a minimum of $20 million. Her firm may be very worthwhile.
My husband says I ought to be thrilled with what I make. My native buddies say they suppose I’m being taken benefit of. I’m torn.
Pal and Employee
Pricey Pal and Worker,
You’re not asking for a pay increase since you are buddies, and also you don’t wish to destroy the friendship. She just isn’t providing you with a pay increase together with everybody else since you are buddies, and she or he doesn’t wish to destroy a great factor. Plus, she is aware of how grateful you’re and that your friendship creates a mutually useful, if typically awkward, association.
Upon getting entered a enterprise relationship with a good friend — whether or not as a accomplice or an worker — the steadiness of energy is compromised. It’s now not equal. Personalities and feelings aren’t a part of a negotiation technique. You shouldn’t act in opposition to your individual greatest pursuits for the sake of a friendship — particularly if that friendship has been irrevocably modified, and it has.
Why would she provide you with a pay increase if she doesn’t need to? That’s the bitter-sweet a part of hiring a good friend: priorities shift and bounds are blurred. Actual-world guidelines now not apply. Eventually, one or each events let their wants take a backseat. On this case, these wants are yours. If she respects you that a lot and is as grateful as she says, she would provide you with a increase.
Inform her you’re completely satisfied along with your job — if you’re — and what you may have contributed over these 4 years. Don’t point out the friendship. That is simply enterprise. Your time is efficacious, and that’s what she is paying for. If she short-changes you, there gained’t be a lot of a friendship or working relationship to salvage. It’s a win-win for each your self-respect and the worth you place in your function within the firm.
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