Current:Home > StocksCongrats, you just got a "dry promotion" — no raise included -Wealth Navigators Hub
Congrats, you just got a "dry promotion" — no raise included
View
Date:2025-04-18 01:46:48
Is a workplace promotion really a promotion if it doesn't come with a raise? The short answer is no, but that isn't stopping a growing share of U.S. employers from offering workers what's known as a "dry promotion."
Also known as a no-raise promotion, a dry promotion is when a worker gets an upgraded title and more job responsibilities, but without an upgrade in compensation. The trend isn't new, but tends to resurface when the economy falters, according to a recent Wall Street Journal article noting that the number of employers offering people new job titles in lieu of commensurate raises has increased 5% since 2018, to 13% in 2024.
Like a bar that doesn't serve alcohol, dry promotions lack the heady ingredient that most clearly signals how much a business values an employee — money. So how should workers respond when their boss asks them to take on a greater role without also getting a bump in salary?
"They should reply by negotiating — negotiating and negotiating," Ray Smith, the Wall Street Journal reporter who wrote the piece, told CBS News. "And, basically, they can say, 'OK, I'd like to do this, I'd like to take this on, but can we talk about a salary increase? Or can we revisit the issue of a salary increase in three months if it's not possible now?"
Women tend to feel greater pressure than men to accept a dry promotion and often don't take up the issue with their managers, Smith said, citing job coaches.
"Women just tend to feel like they need to say yes to this promotion because they're either not going to get another one, or another opportunity, or they don't feel like they have the right or the confidence to negotiate or to stand up for themselves and say, 'I deserve more because you're giving me more responsibilities and you're asking me to take these additional responsibilities on, and it's not fair…" he said.
Two-thirds of female professionals think their salaries are unfair, according to a recent survey by Glassdoor that also noted that women at every level of education earn 20% less than their male counterparts for doing similar jobs.
Are there advantages?
Judging from comments on Reddit in reaction to a thread called "Promotion but no salary increase," most people view dry promotions as unfair. But even without a salary increase, there can be benefits to a dry promotion, Smith said, sometimes giving employees a shortcut to a bigger role and, ultimately, higher pay.
"You can stay with the company and [let] it sort of give you goodwill because they think you're a team player," Smith said. "You get to network, you have this bigger title, you get to meet people you might not necessarily meet if you were in your lower position — so it's a chance to network and maybe get higher faster."
And if it doesn't lead to any of those things, employees can at least come away with a higher-level title and perhaps a wider range of experience, which could lead to opportunities with another employer.
"You can sort of put that on your Linkedin or on your resume as you got this title and maybe you didn't get the money now, but that puts you in the marketplace," Smith said. "Recruiters will see that, other companies will see that, so it's a chance for you to have better opportunities and get what you're worth somewhere else."
veryGood! (2778)
Related
- A South Texas lawmaker’s 15
- Browns star Nick Chubb expected to miss rest of NFL season with 'very significant' knee injury
- Another option emerges to expand North Carolina gambling, but most Democrats say they won’t back it
- Why Alabama's Nick Saban named Jalen Milroe starting quarterback ahead of Mississippi game
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- UEFA Champions League live updates: Schedule, time, TV, scores, streaming info for Tuesday
- Can't find the right Clorox product? A recent cyberattack is causing some shortages
- Residents Cite Lack of Transparency as Midwest Hydrogen Plans Loom
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Victor Wembanyama will be aiming for the gold medal with France at Paris Olympics
Ranking
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Here are the movies we can't wait to watch this fall
- Control of the Pennsylvania House will again hinge on result of a special election
- Dominican Republic’s president stands resolute on his closing of all borders with Haiti
- Trump invites nearly all federal workers to quit now, get paid through September
- Far from home, Ukrainian designers showcase fashion that was created amid air raid sirens
- Ukraine lawyers insist that UN’s top court has jurisdiction to hear Kyiv’s case against Russia
- Canada is investigating whether India is linked to the slaying of a Sikh activist
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Turkey’s Erdogan says he trusts Russia as much as he trusts the West
Mama bear, cub raid Krispy Kreme delivery van in Alaska, scarf dozens of doughnuts
Researchers unearth buried secrets of Spanish warship that sank in 1810, killing hundreds
Retirement planning: 3 crucial moves everyone should make before 2025
Indiana attorney general sues hospital over doctor talking publicly about 10-year-old rape victim's abortion
A Chinese #MeToo journalist and an activist spent 2 years in detention. Their trial starts this week
Colombia’s president has a plan for ‘total peace.’ But militias aren’t putting down their guns yet