Bosses are offering employees promotions without pay raises at nearly twice the rate they did seven years ago.
Thirty-nine percent of employers commonly give out promotions without salary increases, which is a 17-point increase from 2011, according to The Wall Street Journal.
The study also found that 64 percent of employees are open to promotions that do not come with salary increases, compared to 55 percent in 2011.
Administrative staffing firm OfficeTeam surveyed 300 human resources managers and 1,000 office employees to get the 2018 numbers.
Seventy-two percent of male employees said they would accept a promotion without a pay raise compared to 55 percent of women.
In addition, OfficeTeam found that willingness to accept a promotion without a pay raise decreases with an employee’s age. While 72 percent of workers between the ages of 18 and 34 would be willing to accept a promotion without a salary increase, only 61 percent of employees between the ages of 35 and 54 also would.
Fifty-three percent of employees ages 55 and older would accept a promotion without a salary increase. (RELATED: Doctors Call Out NYU Med School’s Free Tuition Announcement As Ignoring Real Needs)
OfficeTeam advised employees offered promotions without pay raises to “weigh the pros and cons” of the new title and negotiate other perks, like more time off, instead of a salary boost.
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