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People are getting promotions without pay increases? That's news to me. If you're getting promoted and being assigned greater responsibility, than your compens
by JSavageOne 4y ago
People are getting promotions without pay increases? That's news to me.
If you're getting promoted and being assigned greater responsibility, than your compensation should increase accordingly.
- wodenokoto 4y agoIf you are 2 years out of college you might not know what that compensation should be. You might not even know what the increased responsibility of the title should be. But you do appreciate the bragging rights of the title, and so that is all you get. E.g., senior means I'm officially leet. Not that I have responsibilities.
- thenoblesunfish 4y agoThe title change itself has real value to people. People love to feel a sense of progress, and they love to feel appreciated. Promoting the same person twicw over N years, instead of once, may cost the same but will make the employee happier. That's the free part.
- taneq 4y agoAnd just like monetary inflation, this inflation's cost is hidden in the devaluation of the inflated commodity. 'Senior Engineer' used to be a title that people valued highly, as a result of the years of work it took to earn. Now nobody's impressed by such a title.
- denton-scratch 4y ago> The title change itself has real value to people. Not to me. A "title promotion" without a pay rise would be demotivating, and lead me to wonder what I had to do to get a pay rise - like, leave, maybe.
- thenoblesunfish 4y agoThat's fair - my first sentence maybe isn't always true in isolation , but I think in the context of the second one it is. Obviously it'd be ideal to invent new ranks between the existing ones, instead of the inflation.
- bluGill 4y agoOf course you get a pay raise. Inflation means that you should get a 2-3% pay raise every year - and this past year you should have got a 7-8% raise. Most people don't index their raises to inflation, a few years of 2% raises against 0% inflation looks pretty good, and they have a nice new title along with the raise. Never mind their real income is now less than it was a last year, they got a title and a raise. I can't figure out how to get inflation through to whoever decides what raises should be - at any company I've ever been at. I would encourage everyone reading this to head into wage review discussions with the current yearly inflation number and make sure you boss knows it. Most companies seem to get slightly negative raises (measured against inflation), and then every 5-10 years a 10% across the board raise to bring everyone back in line with inflation.