It's supposed to come later, but still...
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When I was promoted to director nearly four years ago, I got the normal 2% raise. I was annoyed. I was still within the previous band I had been in. So when the three day per week thing kicked in, it was actually a detriment to having gotten the "promotion."
I requested and was deserved a promotion for quite some time and anytime it was discussed My manager would tell me that I should do these additional things and then she could probably put through my promotion after 6 mths. .
I told her I would do those things once I received my promotion.
Needless to say we were at an impasse, and I posted out of the department & eventually and got the higher grade level and higher pay.
That being said, best solution is to get the heck out of that dump.
I eventually got myself to realize things weren’t going to change at Bny and left… The grass sometimes is much greener….
@c8 with all due respect “if you trust your manager” is an oxymoron of epic proportions. I say that with direct experience as I thought my manager had my back, turned out to be quite the opposite. The majority of managers here cannot be trusted and will do what they have been directed to do. Even if you thought you had a cozy relationship.
Nooooooooooo!!
That happened a few years ago... promotions with no raises... it left a sour taste in everyone's mouth. Some managers bosses were able to push through a market adjustment, but those are often use when they think someone is going to leave or has threatened to leave.
Hopefully they are not back to their same old tricks.. it is getting hard enough to attract and retain people, plus the constant cutting of open reqs, even off-shore replacement which makes zero sense, and they certainly aren't giving people any real reasons or incentives to stay, especially with the RTO mandate in September which is coming hard and fast.
If you trust your manager and you are early in your career, I "might" consider it. Or if you think you'll get fired if you don't, and you really need this particular job, then do what you have to do to make ends meet. Otherwise, no.
Here's my experience (i left late 2022). My boss and I got promoted in late 2020. I basically took over his job as managing our team and then he became the global manager (covering multiple regions). It took me about 7 months to get to the next grade level but I wasn't fully sure it was happening. Thankfully, it was a very soft transition for me over those 7 months and I did get a bigger bonus as if I was on the new grade level anyway and my manager and skip level were very accommodating.
My manager on the other hand? Not so lucky. I think it took him a year and change to see the new grade level and pay (might've been at the M level). By then, our team had moved from Finance to ASD and we all had a new EC-1 boss so there was probably some heavy doubt that the deserved pay increase would be reflected, despite the extra responsibilities he had. Once he did get to the new grade level, he was laid off just a few months later because there was another layer of management that honestly no one really asked for.
Looking at these other comments, it seems many were worse off. In fact, with RV's regime, I could definitely see an environment where people bait and switch with promotions that don't align to updated pay grades.
this is literally a "cheap trick" by your management. There is some truth to pay raises only occurring on certain schedules but we can go around that if we want.
How about forced to take a promotion for a massive pay decrease???
I was promised a promotion two years ago going from an IC to a management role. I’ve been managing the team for two years, still waiting on the promotion. I’m now feeling hopeless and so disengaged.
Don’t do it.
Make them post the position and then apply and set the expectation that you want an immediate salary increase.
Not a friggin chance! Happened to people on my team. Actually got promoted before the last cycle went through so performed the elevated role for over a year! Now they are stuck for yet another year on a sinking ship in global payments and every last one of them is miserable. Never ever accept the promotion without pay. These SOBs will do no favors for you when it’s needed
Never go full ret- ard here.
Don't.
Your raise will still go through the standard channels and tests. They're trying to get six months of elevated work for free