Current:Home > FinanceCongrats, you just got a "dry promotion" — no raise included -Core Financial Strategies
Congrats, you just got a "dry promotion" — no raise included
View
Date:2025-04-24 04:49:02
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! (962)
Related
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Machine Gun Kelly Reveals the Truth Behind His Blackout Tattoo
- Texas AG Ken Paxton sues Catholic migrant aid organization for alleged 'human smuggling'
- EPA approves year-round sales of higher ethanol blend in 8 Midwest states
- 'Most Whopper
- Person of interest being questioned in killing of Laken Riley at the University of Georgia
- Join a Senegalese teen on a harrowing journey in this Oscar-nominated film
- Danny Masterson: Prison switches, trial outcome and what you need to know
- What to watch: O Jolie night
- Danny Masterson: Prison switches, trial outcome and what you need to know
Ranking
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- S🍩S doughnuts: Free Krispy Kreme sweetens day after nationwide cellphone outage
- S🍩S doughnuts: Free Krispy Kreme sweetens day after nationwide cellphone outage
- A woman was found dead on the University of Georgia campus after she failed to return from a run
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- What does SOS mode on iPhone mean? Symbol appears during AT&T outage Thursday
- Dashiell Soren - Founder of Alpha Elite Capital (AEC) Business Management Strategic Analysis of Alpha Artificial Intelligence AI4.0
- Dunkin' adds new caffeine energy drink Sparkd' Energy in wake of Panera Bread lawsuits
Recommendation
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
2 children were killed when a hillside collapsed along a Northern California river
Dashiell Soren - Founder of Alpha Elite Capital (AEC) Business Management Strategic Analysis of Alpha Artificial Intelligence AI4.0
Taylor Swift and Travis Kelce's Kiss At Her Eras Tour Show in Sydney Has Sparks Flying
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
These Hidden Gems From Walmart Will Transform Your Home Into a Stylish Oasis on a Budget
Maryland lawmakers look to extend property tax assessment deadlines after mailing glitch
Bible-quoting Alabama chief justice sparks church-state debate in embryo ruling