Some background: My company does annual bonuses/raises around the March timeframe. I got hired in August of last year, so at 7 months I didn't feel comfortable enough asking for a raise.
I just had my mid-year review yesterday, and I asked for a raise since I've been here a year now. I did this to get the conversation started so when I have another review in November, we can discuss a bigger raise than the 2% I got in March.
About 2 months after I was hired, there was a round of layoffs and the board hired a new CEO, so I know for a fact that money is tight in the company. However, if we do better this year, that excuse won't fly and I will bring that up to him if he tries that again. In addition, the salary/pay structure in my company is very rigid, and I may even have to ask for a promotion to get more than a COL raise. Is it acceptable to do this?
Side note: If the company does poorly again this year I'm planning on getting another job. If this company can't pay me what I feel I am worth, I'll find another one. Should I politely tell this to them if they are unwilling to pay me?