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While opaque companies might not release raise figures, everyone generally knows that a promotion involves a raise, in addition to any status bump (assuming no
by greedo 9y ago
While opaque companies might not release raise figures, everyone generally knows that a promotion involves a raise, in addition to any status bump (assuming no real increase in responsibilities). So promotions can serve as a proxy for raises, causing the same ego issue.
- alayek 9y agoYou'd be surprised. I have a friend, whose team had this policy - no raise with promotion. He got a promotion with no raise. When asked, his manager said, "you shouldn't work for money. You should work for the learning experience." He resigned in a month. And this was not some random fringe start-up - one of the biggest companies in the world, with over $100B in market cap.