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.
If you're getting promoted and being assigned greater responsibility, than your compensation should increase accordingly.
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.
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.
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.