Vault Message Board: Management and Strategy Consulting
Topic Name:
Promotion
Message Name:
No Raise with Promotion
Date Posted:
01/29/2003
In Reply To:
I'm working for a former big five and am being promoted mid-year to a director position. The change is public knowledge but salary has not yet been finalized and I'm getting hints that a mid-year salary bump is not a certainty. This is a big jump in responsibility -- from zero direct reports to nearly 10. Is no salary increase even legal?
Message:
I work for a big 5 consulting firm. I was promoted to Manager from Consultant. Had been rated exceptional (top 5% in the firm) for last 2 years. I received no base pay raise. In fact I lost my overtime. I am eligible for "Variable Pay" which even if I recieve the highest award will not make up for my loss of OT. My base pay is also 25k less now than comparable managers sitting across the office from me. What are you going to do? Leave if you find something better. Not many other options. It's a great way to kill initiative within the company however.
