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Getting promoted w/o a salary hike

Hey, so a little context here, I work as a product designer and just completed 6 months at this company and a product owner recently quit. They promote me to product owner and product designer and release the performance review late which shows that I only Meet All Expectations and hence am not eligible for a pay raise. And my manager says to me that this is sort of an intermediate step into being promoted and this is to give you more responsibilities so you can grow and get promoted. All this seems like complete fucking bullshit to me and idk how to navigate through this, any experienced professionals if you wanna share some advice?

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EarthDragon

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2 months ago

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Stealth

2 months ago

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TheOatmeal

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2 months ago

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Stealth

2 months ago

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Stealth

2 months ago

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InconsequentialPlacebo

Series A Startup

2 months ago

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Stealth

2 months ago

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by Ashwatthama

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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.