I am curious to know if a promotion from individual contributor to leadership role will come with a raise? There are mixed messages on this. Not sure if this is based on your group or not.
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To those saying no raises or promotions this year that is true for most everyone. If you have a high ultimate potential however you could very well have received a promotion and raise. I know of several people who did. Good raises I might add. It is good to be a high ultimate potential employee that is for sure. Takes a VP or someone high up in the organization to become your sponsor but if you are lucky enough to be in that situation enjoy it.
A promotion during times like these can be a bad thing if it moves you into a new rank group. I've known people who were promoted and then lost their job because they were moved into a more competitive assessment group. Often you drop in ranking when you get a CL promotion.
A “promotion” with a flat CL often does not lead to a raise. It is possible that the bonus/incentive award structure could change with the job role.
You don't need to worry over that, OP.
I've gotten several raises and a few promotions.
So, no, a promotion does not come with a raise.
Not this year
Don’t count on it
Troll!
“Promotion” as in “job change” does not by itself change compensation.
A “Promotion” as in “CL increase” will give a pay raise.
Usually promotions are considered a change in CL. Sometimes depending on the job there way be an accompanying increase in CL.