Over half (55 percent) of workers in a recent poll said they would accept a promotion without a raise. According to the survey, this practice is at least somewhat common at 22 percent of organizations.
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Get Your Report Now!The OfficeTeam survey asked HR managers, "How common is it for your company to award promotions without salary increases?" Here are their responses:
| Very common |
3% |
| Somewhat common |
19% |
| Not common at all |
63% |
| We do not offer promotions without raises |
14% |
| Don't know/no answer |
1% |
The survey also asked workers, "Would you be willing to accept a promotion from your company that didn't include a raise?" Here are their responses:
| Yes |
55% |
| No |
39% |
| Don't know/no answer |
6% |
Robert Hosking, executive director of OfficeTeam, acknowledged that employers may want to reward employees through a title change even when they can’t immediately provide a raise. In those cases, OfficeTeam identifies five incentives that could be offered with a promotion:
- More vacation time.
- Bigger bonuses.
- Flexible schedules.
- Professional development.
- An equity stake.
Source:
Office Team