Work More, Earn Less: The Sneaky Rise Of ‘Dry Promotion’
While companies might see dry promotions as a positive way to motivate employees, it's not always well-received. (Representative image)
A dry promotion is a promotion without the raise that typically comes with it.Ever get promoted but your paycheck stayed the same? That’s a dry promotion. The dynamic global job market has witnessed various trends over the years, ranging from remote/hybrid work and the role of AI to co-working spaces. Amidst these, a new phenomenon is emerging, quietly but steadily – “dry promotion”.A dry promotion is a promotion without the raise that typically comes with it. You get a new title and potentially more responsibility, but your paycheck stays the same.While companies might see dry promotions as a positive way to motivate employees, it’s not always well-recei...