I received a lateral promotion. Since I started working at this job about 5 years ago my responsibilities have increased greatly. I’ve asked for raises, they were declined. I basically pitched the idea of having my position analyzed bc I felt my responsibilities were greater than my current tier. They agreed & I got this promotion. The promotion is only a 5k increase & I was moved from non-exempt to exempt. I am grateful but also feel I deserve more. What is a typical increase for lateral promo?

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Posting as :
works at
You are currently posting as works at

OP, I hate to break it to you, but at this point you probably need to start looking outside your company if you want a market rate. Companies just don’t value loyalty anymore.

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I have gotten raises but they were merit increases. Not a raise for my additional responsibility.

Leave. Look at the market rate and make your decision from there.

likehelpful

Leave. The only thing you’ll wish is that you did it sooner.

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Leave now. I wasted 7 years at a company that was a startup and is a big deal now and have a big chunk of my professional life that I regret because the Executive Vice President saw that I filled a special niche and wanted to keep me there to save money.

And then I got disheartened and got to focus on my family.

But now I am behind on the money I could have been either spending or putting aside. You really have to ignore that saying about "better the devil you know than the one you don't know." We get too use to our comfort status quo.

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You have spent about 3 years more than you should have at your current employer. It doesn’t seem like you are appreciated there.

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Time to find a lateral promotion elsewhere, you’re in the best position to do so since you just got a title upgrade

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My background: I’ve had excellent reviews each year, 15 years experience in the field & 2 masters degrees

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