TD Magazine Article
Member Benefit
Promotions Without Raises
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Would you accept a role higher in your organization’s hierarchy but without a pay raise? Apparently, that’s what some companies are offering.
Would you accept a role higher in your organization’s hierarchy but without a pay raise? Apparently, that’s what some companies are offering.
Fri Aug 31 2018
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Would you accept a role higher in your organization's hierarchy but without a pay raise? Apparently, that's what some companies are offering. According to a Robert Half survey, 39 percent of HR managers say it's common for their company to offer employees promotions without salary increases, up from 22 percent in 2011.
Would you accept a role higher in your organization's hierarchy but without a pay raise? Apparently, that's what some companies are offering. According to a Robert Half survey, 39 percent of HR managers say it's common for their company to offer employees promotions without salary increases, up from 22 percent in 2011.
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A rising contingent of employees are willing to accept promotions without pay raises. The survey reveals that the number of workers who would accept a higher title that doesn't include an earnings increase grew from 55 percent in 2011 to 64 percent in 2018.
A rising contingent of employees are willing to accept promotions without pay raises. The survey reveals that the number of workers who would accept a higher title that doesn't include an earnings increase grew from 55 percent in 2011 to 64 percent in 2018.
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Young workers (ages 18-34) and male workers are most keen on these opportunities, with 72 percent of each group willing to accept them. Only 61 percent of workers ages 35-54, 53 percent of employees 55 and older, and 55 percent of female workers would do so.
Young workers (ages 18-34) and male workers are most keen on these opportunities, with 72 percent of each group willing to accept them. Only 61 percent of workers ages 35-54, 53 percent of employees 55 and older, and 55 percent of female workers would do so.
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Still searching for an answer as to whether you'd accept a more prestigious opportunity without a bump in remuneration? Perhaps consider these tips, which Robert Half provides for workers in such a situation:
Still searching for an answer as to whether you'd accept a more prestigious opportunity without a bump in remuneration? Perhaps consider these tips, which Robert Half provides for workers in such a situation:
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Get details of the new role's responsibilities and expectations.
Get details of the new role's responsibilities and expectations.
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Consider whether the position will support your goals.
Consider whether the position will support your goals.
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Ask whether you can review compensation after being in the position for a few months.
Ask whether you can review compensation after being in the position for a few months.
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Request compensation through new perks, such as flexible work arrangements, extra vacation time, or learning opportunities.
Request compensation through new perks, such as flexible work arrangements, extra vacation time, or learning opportunities.
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Be diplomatic in explaining why you wish to stay in your current role if you turn down the promotion.
Be diplomatic in explaining why you wish to stay in your current role if you turn down the promotion.
