OMG Digital Magazine OMG Issue 280 12th October 2017 | Page 18

OMG Digital Magazine | 280 | Thursday 12, October, 2017 • PAGE 18
Business
Should you accept a
promotion without a raise?
If you're being offered a promotion without a raise, this is how to negotiate for your own
long-term career interests.
By: Lee Price, Monster contributor
Your manager has big news for you: You earned a
promotion! At first you’re excited about taking on an
expanded role with new responsibilities. Then the
conversation hits a snag: This promotion won’t come with
a raise. Your salary will stay exactly the same, even as you
take on greater responsibilities, work longer hours, and
add more to the company’s bottom line. regardless of the fact that nobody mentioned a pay
increase. of What Does Somebody Have to Do to Get a Job Around
Here?
“The best time to ask for a raise is when you're getting a
promotion,” Gates says. “Make a prioritized list of all the
things you'd like to negotiate, like salary, title, advanced
training, and inclusion in special projects.” Say what?
Apparently many workers are comfortable taking
a promotion without a raise. A survey released by
consultancy Korn Ferry found that nearly two-thirds of
respondents (63%) would rather get a promotion with no
salary increase than a salary increase with no promotion. Find out what others in your role are making, and come
prepared with a number, she says. Her clients often find
through this exercise that they’re being paid less than
the going market rate, which gives you an advantage in
these conversations. “If your organization had to replace
you, they'd have to pay cl