A promotion sounds fancy with a new title, but it's all work and no pay raise, this can leave employees feeling undervalued and looking for new opportunities.
1
A "dry promotion" happens when an employee receives a promotion with a new title and increased responsibilities but without a raise in salary.
2
Employees put in extra effort and take on more work for a promotion, expecting better compensation. Dry promotion can lead to feelings of being undervalued.
3
Companies might use dry promotions to fill gaps left by layoffs or to avoid increasing payroll costs.
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Dry promotions can cause frustration, decreased morale, and reduced motivation, to look for new jobs that offer better compensation.
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Be cautious if a promotion offer focuses heavily on the new title and responsibilities but avoids mentioning a salary increase.
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Try to negotiate for a raise, bonus, or other forms of compensation to reflect the added workload.
7
Research average salaries for your new position and be prepared to advocate for fair compensation.