Employment: Why are 'dry promotions' on the rise?
Update: 2024-11-12
Description
Been offered a 'dry promotion' lately? A step up the job ladder - without the remuneration to go with it? Shannon Barlow is Managing Director of Frog Recruitment, and says a recent survey the company conducted found nearly half of the thousand workers surveyed reported that they - or a colleague - had been promoted without a salary increase. Many respondents said that led to feelings of resentment or demotivation - and had them thinking of leaving. So why are these 'dry promotions' happening - and what's the risk, both for employers in offering them - and employees in possibly turning one down? Shannon joins Susie with some advice of how to handle the situation.
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