Current:Home > StocksCongrats, you just got a "dry promotion" — no raise included -AssetTrainer
Congrats, you just got a "dry promotion" — no raise included
Poinbank View
Date:2025-04-09 22:14:48
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! (5)
Related
- Travis Hunter, the 2
- American Climate Video: A Maintenance Manager Made Sure Everyone Got Out of Apple Tree Village Alive
- Transcript: Rep. Mike Turner on Face the Nation, June 25, 2023
- Iowa Republicans pass bill banning most abortions after about 6 weeks
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Montana bridge collapse sends train cars into Yellowstone River, prompting federal response
- Woman allegedly shoots Uber driver, thinking he kidnapped her and was taking her to Mexico
- 50 Years From Now, Many Densely Populated Parts of the World Could be Too Hot for Humans
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Maryland to Get 25% of Electricity From Renewables, Overriding Governor Veto
Ranking
- Stamford Road collision sends motorcyclist flying; driver arrested
- Russia's ruble drops to 14-month low after rebellion challenges Putin's leadership
- Montana bridge collapse sends train cars into Yellowstone River, prompting federal response
- Gabrielle Union and Dwyane Wade Honor Daughter Zaya on Sweet 16 Birthday
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Sia Shares She's on the Autism Spectrum 2 Years After Her Controversial Movie
- The Polls Showed Democrats Poised to Reclaim the Senate. Then Came Election Day.
- In Michigan, Dams Plus Climate Change Equals a Disastrous Mix
Recommendation
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
Kate Spade 24-Hour Flash Deal: Get This $360 Reversible Tote Bag for Just $89
Pink’s Nude Photo Is Just Like Fire
Transcript: Rep. Veronica Escobar on Face the Nation, June 25, 2023
Sam Taylor
Love Is Blind's Paul Peden Reveals New Romance After Micah Lussier Breakup
WHO says aspartame is a 'possible carcinogen.' The FDA disagrees
In Michigan, Dams Plus Climate Change Equals a Disastrous Mix