Current:Home > MyCongrats, you just got a "dry promotion" — no raise included -Mastery Money Tools
Congrats, you just got a "dry promotion" — no raise included
View
Date:2025-04-19 18:25:34
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! (415)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Stock market today: Asian shares drop after disappointing US inflation data sends Dow down
- Unlocking desire through smut; plus, the gospel of bell hooks
- North Carolina tells nature-based therapy program to stop admissions during probe of boy’s death
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Mystery ship capsizes in Trinidad and Tobago, triggering massive oil spill and national emergency
- Katy Perry, Orlando Bloom and More Stars Who Got Engaged or Married on Valentine's Day
- How previous back-to-back Super Bowl winners fared going for a three-peat
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Travis Kelce Admits He “Crossed a Line” During Tense Moment With Andy Reid at Super Bowl 2024
Ranking
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Second new Georgia reactor begins splitting atoms in key step to making electricity
- Lyft shares rocket 62% over a typo in the company’s earnings release
- Pop culture that gets platonic love right
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- 'Will that be separate checks?' The merits of joint vs. separate bank accounts
- Oklahoma country radio station won't play Beyoncé's new song. Here's why
- Why This Love Is Blind Season 6 Contestant Walked Off the Show Over Shocking Comments
Recommendation
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Nebraska GOP bills target college professor tenure and diversity, equity and inclusion
You'll Go Wild Over Blake Lively's Giraffe Print Outfit at Michael Kors' NYFW Show
Minnesota health officials say Legionnaires’ disease outbreak in Grand Rapids linked to city's water
In ‘Nickel Boys,’ striving for a new way to see
How Texas church shooter bought rifle despite mental illness and criminal history is under scrutiny
Monty Python's Eric Idle says he's still working at 80 for financial reasons: Not easy at this age
Man accused of killing Tennessee deputy taken into custody, sheriff says