In today’s world of constant flux, the dynamics of the workplace are changing too and springing one surprise after the other. The latest one doing the rounds of workplace discussions is the trend of ‘dry promotions’.
Simply put, your employer may reward you with a higher position, a new job title or additional responsibilities. But you do not get the intended pay raise that should have accompanied the promotion. While this can be disappointing, a dry promotion can help you gain valuable management experience, develop your skills, and expand your resume to aid future career progression. You can see it as a positive investment in your growth potential.
At the same time, some of the cons could include feeling overworked, undervalued or a combination of both, leading to huge dissatisfaction.
Enrich your career
If you put aside the uncomfortable denial of compensation for a few minutes, dry promotions can provide enriching career capital for the long term. You can build management experience by developing leadership abilities and strengthening your skills’ repertoire by taking on non-routine strategic, technical and analytical responsibilities. The expanded qualifications can offer intangible benefits like valuable networking with higher-ups and the senior titles can also appeal to future employers and eventually a potential salary increase.
