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You do the next best thing, and give them the title. If the goal is retention, and the options are title and money, or no title and no money, you go with the fo
by JMTQp8lwXL 6y ago
You do the next best thing, and give them the title. If the goal is retention, and the options are title and money, or no title and no money, you go with the former. If you can afford to lose the person, you do nothing. It's suboptimal, and the world is full of suboptimal decisions.
- loonster 6y agoA title without money would make it easier for them to transfer somewhere else. It will buy you a short amount of time while they "gain experience" in their new title.
- mandevil 6y agoA title without money is valuable to the employee only because it gives them better leverage to find a job that gives them with more money.
- beardedetim 6y ago100000% this. Sure, I’ll take the title bump because in X months I’ll be able to get a raise from another company using that title.
- vardaro 6y agoI don’t think so. Most companies in familiar with price their hires with respect to seniority and interview performance.
- TechBro8615 6y agoChanging the title without compensation sounds like a slap in the face. I'd probably accept the title change and immediately start looking for a new job where I can use it as leverage to increase my salary.