Current:Home > InvestCongrats, you just got a "dry promotion" — no raise included -FinanceCore
Congrats, you just got a "dry promotion" — no raise included
View
Date:2025-04-17 19:31:26
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! (2)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- New image reveals Milky Way's black hole is surrounded by powerful twisted magnetic fields, astronomers say
- US judge in Nevada hands wild horse advocates rare victory in ruling on mustang management plans
- Breaking Down Beyoncé’s Cowboy Carter: Grammys, Critics and a Nod to Becky
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Jets land star pass rusher Haason Reddick in trade with Eagles, marking latest splashy move
- New Jersey father charged after 9-year-old son’s body found in burning car
- Joseph Lieberman Sought Middle Ground on Climate Change
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Why King Charles III Won't Be Seated With Royal Family at Easter Service
Ranking
- Average rate on 30
- Poison reports for dogs surge 200% at Easter: What to know to keep dogs, other pets safe
- Lizzo Seemingly Quits Hollywood Over “Lies” Told About Her
- Tennessee lawmakers split on how and why to give businesses major tax help under fear of lawsuit
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Messi injury update: Out for NYCFC match. Will Inter Miami star be ready for Monterrey?
- Deer with 'rare' genetic mutation photographed in Oregon: See pics here
- Low-income subway, bus and commuter rail riders in Boston could be getting cheaper fares
Recommendation
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
Jenna Dewan Shares Update on Wedding Plans With Fiancé Steve Kazee
Christine Quinn Makes First Public Appearance Since Estranged Husband's Arrest
Can 'villain' Colorado Buffaloes overcome Caitlin Clark, Iowa (and the refs)?
Former Syrian official arrested in California who oversaw prison charged with torture
Ayesha Curry Weighs in on Husband Steph Curry Getting a Vasectomy After Baby No. 4
Trump asks appeals court to review ruling allowing Fani Willis to remain on Georgia election case
Rebel Wilson lost her virginity at 35. That's nothing to be ashamed about.