Has anyone been in a situation to get promoted without liking a new role? That is exactly my case.
I wanted to be promoted for a long time, and then when that finally happened, it turned out that I didn’t like the new role. It’s generally a significant improvement in conditions than what I had before, but I’m in a situation where I’d love to go back to my old job.
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Some locations got 0% merit increase even with EE and quite some people are getting promoted without a salary increase.
On the other hand Todd mentioned the + 5% cost increase due to stock rewards. The crisis paid out for some very well where others had to fix all the gaps due to layoffs and are close to burn outs.
Well hey, look on the bright side, at least your being promoted involved an increase in salary. Speaking for myself and other members in my group, we've all been passed on more work and more responsibilty but have got diddly–squat when it comes to higher wages. That is, unless you consider the 1.2% annual "raise" I got for this year, which I consider as more of an insult than a raise.
It's a very common feeling. If your boss is any good at their job they should be able to give you the support and guidance you need in these early stages. However, you work at BNYM so chances are your boss is good at his or her previous job and just got promoted on experience rather than ability.
Not promoted AND not happy.
Oh absolutely! This makes total sense. Most likely your new role consists of picking up the slack that now exists from all the recent layoffs. Yeah you got a promotion, but now you are responsible for the work of 6 other people who aren't there anymore. That's how BNY works. If they want to promote someone, but its not in the budget, they will lay someone off so they can take that persons salary and use it towards the salary for the person getting promoted. Then they will take the workload from the laid off person and try to package that up all pretty, and then give that to the person who got promoted too!! Its all a head game to give you the perception of a promotion, but you have to ask yourself, if you got a promotion and a wage increase of $10,000 a year, but they are giving you all the work from someone who was making $40,000 to do it, are you really getting a promotion? Or are you really being taken advantage of, because they are paying you $10,000 to do all the work from a laid off employee that was making $40,000. And now with inflation and the cost of everything going up, you really were better off at your old job.