Current:Home > NewsCongrats, you just got a "dry promotion" — no raise included -FutureWise Finance
Congrats, you just got a "dry promotion" — no raise included
View
Date:2025-04-12 08:41:23
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! (5)
Related
- The Best Stocking Stuffers Under $25
- As poverty spikes, One Warm Coat, Salvation Army coat donations are more important than ever
- Powerball jackpot grows to $1.55 billion for Monday; cash option worth $679.8 million
- How Harry Styles Is Supporting Taylor Russell Amid Rumored Romance
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Russia reports coolant leak in backup line at space station and says crew not in danger
- US Postal Service proposes new postage stamp price hikes set to begin in 2024
- 'The Crown' teases the end of an era with trailer, posters for final season
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- 'The Exorcist: Believer' lures horror fans, takes control of box office with $27.2M
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Jets, OC Nathaniel Hackett get last laugh in win against Sean Payton, Broncos
- Wisconsin GOP leader silent on impeachment of Supreme Court justice after earlier floating it
- Wisconsin GOP leader silent on impeachment of Supreme Court justice after earlier floating it
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Lawyers to deliver closing arguments in trial of 2 police officers charged in Elijah McClain’s death
- Video of traffic stop that led to Atlanta deacon’s death will be released, family’s attorney says
- Apple is urging everyone to update iPhone and iPad iOS (again). Why you should do it now.
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Wayne Brady says opening up about his pansexuality goes part and parcel with mental health: I'm lighter
As Republicans split over who will be House speaker, McCarthy positions himself as a de facto leader
Skydiver dead after landing on lawn of Florida home
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Full transcript of Face the Nation, Oct. 8, 2023
Apple is urging everyone to update iPhone and iPad iOS (again). Why you should do it now.
Simone Biles Didn’t Think She’d Compete Again Before Golden Gymnastics Comeback