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Most employees who receive a promotion likely expect a salary bump to match. But in a professional era where workers might not have the upper hand they did just a few years ago, gaining a new title and responsibilities doesn’t always come with a larger paycheck….Continue reading…
By Amanda Breen
Source: Entrepreneur
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Dry promotions involve giving employees new responsibilities and a higher designation without a corresponding increase in their salaries. Essentially, it means more work and recognition but no additional pay. 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.
Consider negotiating for other benefits, such as professional development opportunities, a flexible work schedule, bonus eligibility, and additional vacation time. Take time to weigh the pros and cons of a dry promotion. Then, do what’s best for you. If the employee is willing to accept that dry promotion, they can choose to stay with their current organization and negotiate for a pay increase down the road and receive other nonfinancial rewards now, such as an increase in flexibility, visibility, and authority.
While a horizontal promotion describes increased pay without increased responsibilities, a dry promotion represents the opposite. When an employee receives a dry promotion, they are given more responsibility but without increased pay or benefits. Companies may offer dry promotions due to budget constraints, as a retention strategy, or to recognize hard work without financial strain.
However, without a corresponding pay raise, these promotions can feel hollow and lead to employee frustration and decreased morale. Quiet promotion happens when an employee is quitting or is being laid off and their workload is being given to someone else, or when an employee has been in a company for too long but instead of a promotion, they are given additional responsibilities.
Building the skills and forming the relationships that come with a larger role can be invaluable and set the foundation for future success. But if there is no compensation plan or an eye towards the future, it might be better to pass. Typically, a promotion comes with a 10-15% salary increase, reflecting an individual’s enhanced capabilities and their contribution to the company’s success. This percentage can vary based on the level of promotion and the industry norms.
The law doesn’t say, “If you do 20% more work, you should get 20% more pay.” If you’re taking on more job duties but you’re an hourly worker and you’re not actually working any more hours, you’re not entitled to any more pay. And if you’re a salaried employee, you’re not entitled to any more pay either. Job growth might be slowing slightly in 2024, but many employers are still planning for sizable promotions and pay raises.
The average promotion will earn a pay raise of 9.2% in 2024. In 2023, half of all employers gave or planned off-cycle pay raises outside of annual performance reviews. As a phrase, “dry texting” is relatively recent in the grand scheme of things. It refers to people who reply with one word, or don’t carry the conversation and just say things like “lmao” and “wyd” until the receiver wants to tear their hair out in frustration or boredom.
The length of time the average promotion may take could vary between distinct roles and companies. Typically, it is reasonable to expect a promotion may take up to three years. If the time extends to 4-5 years with no promotion in sight, making progress in your career could begin to be difficult. A dry promotion, also known as a no-raise promotion, occurs when an employee receives a promotion with a new title and potentially more responsibilities, but without a corresponding increase in their salary.
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