Podcast
Looking for a new job or want to move up in your company? Lesa teaches you the tools and strategies you need to land your dream job, increase your promotability, and successfully navigate your career.
308: What is a “Dry Promotion” - and Should You Accept it?
First, a confession: When I started seeing articles and comments about “dry promotions,” I didn’t know what that was.
In case some of you are in that same boat, here’s a definition:
“A promotion without a salary increase.”
As American businesses seek innovative ways to cut costs in a tightening economy, employers may be enticed to promote employees but withhold a salary increase.
In this episode, I cover reasons why employers offer dry promotions and the upsides and downsides of accepting one. I also provide negotiation tips for getting something, if not pay.
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