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Life Goes ON

Let’s explore the concept of life continuing without a salary hike or promotion. A dry promotion, also known as a no-raise promotion, occurs when an employee receives an upgraded job title and additional responsibilities without a corresponding increase in compensation. While this situation can be frustrating, there are several ways to approach it: Negotiate: If you find yourself in this position, consider negotiating with your employer. Politely express your interest in taking on the new responsibilities but also discuss the need for a salary increase. You might propose revisiting the issue in a few months if an immediate raise isn’t feasible. Network and Build Goodwill: Even without a salary increase, a dry promotion can offer benefits. Use the opportunity to network, meet new people, and demonstrate your commitment to the company. Sometimes, goodwill can lead to future/new opportunities and higher pay down the line. Emotional Well-Being: Remember that money isn’t the sole motivator. A study found that emotional well-being rises with income up to a certain point, beyond which further income doesn’t significantly impact happiness. Consider other aspects of your job satisfaction beyond just the paycheck. Gender Disparities: Mostly women often feel greater pressure to accept dry promotions and may hesitate to negotiate. In many cases, women earn less than their male counterparts for similar roles. Advocating for fair compensation is essential, regardless of gender. In summary, while a dry promotion can be disappointing, it’s essential to weigh the pros and cons. Consider your overall job satisfaction, long-term career goals, and the value of networking and goodwill within your organization. Ultimately, life goes on, and you can continue to grow professionally even without an immediate raise or promotion.

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Misc on

by blacksmith

Nielsen IQ

Are you getting underpaid?! I know it sucks🤦🏻

Let's talk about being highly underpaid. It's a reality many of us face, yet it's often shrouded in silence. Whether you're in a corporate job, a creative field, or any profession, feeling undervalued and underpaid can be demoralizing and unjust. It's not just about the numbers on our paycheck; it's about the recognition of our worth, our skills, and our contributions. Too often, we find ourselves in situations where our hard work and dedication are not adequately compensated. We put in long hours, go above and beyond our job descriptions, and yet, when it comes time to discuss salaries, we're met with excuses or paltry raises that barely keep pace with inflation. It's a cycle that perpetuates feelings of frustration, resentment, and even imposter syndrome. But here's the thing: We don't have to accept being undervalued. We can speak up, advocate for ourselves, and demand fair compensation for our efforts. It might be uncomfortable, and it might require us to challenge the status quo, but it's essential for our well-being and the integrity of our professions. Employers need to recognize the importance of fairly compensating their employees. It's not just about the bottom line; it's about fostering a culture of respect, appreciation, and mutual benefit. When employees feel valued and adequately compensated, they're more engaged, productive, and loyal. So, if you're feeling highly underpaid, know that you're not alone. It's a widespread issue that deserves attention and action. Whether it's through salary negotiations, seeking out better opportunities, or advocating for change within our organizations, let's stand together and demand the compensation we deserve. Because when we value ourselves, others will too.

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Business Roles on

by Ashwatthama

Stealth

NEED ADVICE ON JOB OFFER DILEMMA!!

I find myself in a rather perplexing situation at work and could use some impartial advice. Currently, I am employed at an Indian e-commerce firm where I have put in a lot of hard work. However, during the recent annual cycle, I was not promoted, and my salary hike was disappointingly meager (CCTC 14.5LPA). Naturally, I expressed my concerns to my manager, who advised me to wait until the mid-cycle as my promotion case would be reconsidered then. In the meantime, I actively sought out new opportunities, and I have received an enticing offer from a Consumer Packaged Goods (CPG) firm with a significantly higher compensation of 24LPA. This is substantially more than what I'm currently earning, but less than my expected CTC that is around 28-30LPA. The confusion lies in the fact that my current firm has now initiated the promotion feedback process, and it's possible that I may get the promotion soon. I'm now torn between two choices: do I stay at my current job, potentially get the promotion, and then reconsider switching, or do I seize the opportunity at the CPG firm with the better financial package? I understand that both options have their pros and cons, but I'm finding it challenging to make a decision on my own. Any advice or insights you could provide would be immensely helpful in guiding me through this tough decision-making process. YoE: 4.1 Years Domain: Analytics Thank you in advance for your understanding and support.