Asking for a raise without a promotion
I am approaching the 5 years anniversary at my company (large corporate in the energy sector, in Europe). I haven’t been given (not even informally) any type of financial trajectory, meaning I do not know if and when I will be given a raise. I am comfortable in my current position and I am not aiming to a promotion or a role change. I want at the same time to ask for a raise given the 5 years spent here (knowing that by hopping to a different company I would get one). I am not thinking about leaving or about giving an ultimatum, but I want to understand whether I will be stuck in this compensation indefinitely or a progression is possible.
I am planning to start this conversation with my boss, but I am not sure about how to approach this. Some details about my situation:
PhD in STEM (not informatics), 10 years in R&D (academia & startups)
5 years in this company, initially as analyst/strategy, then internal expert/consultant in a specific technical domain
2 products launched in this technical domain, where I am basically the only technical reference
Launched several r&d projects, published a couple of papers, deposited a couple of patents
Learnt about internal processes and hierarchies, often go-to person to “solve” specific political dynamics (I am not a faceless voice on Teams)
Also relevant: my boss is a very understanding and “human” person, but suffers a lack of real “weight” with upper management.
I’d be grateful for any advice, especially with target salaries to have a better idea about my starting situation.