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Seriously need to up the study game rn
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No. It depends on a lot of things, but mostly on how well they can negotiate.
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The salary band is a range though - not a fixed number. And within that range, one could be higher paid than the other.
Chief
^ CD 1 nailed it. Agencies want to pay the least amount possible so it comes down to negotiation skills
No. And depending where you are, you may receive a certain % boost when you’re promoted, like 15%.
Agree with this! They would get % increases and the %could also vary. So they wouldn’t necessarily come to the same level at all
All of these answers from people who have not ever set anyones salary speculating on how it’s determined… here’s some insight from someone who actually does this:
1. It’s possible for two people to be promoted into the same level and get different salaries. Current salary, experience, performance, skills, retention priority all go into this.
2. It’s also possible for two people currently at different salaries to be promoted and get the same salary. This is something I will do if I want to rectify what I see as an undue pay disparity that existed before; especially if that pay gap is correlated with race/gender/etc. I’ll use the simultaneous promotion as a chance to level the playing field.
3. Negotiation skills almost always have fuck all to do with this! When you are first receiving a job offer you have a lot of negotiating power, but when you receive a promotion you have low negotiating power because you’re already doing the job (probably not going to quit the day they promote you) AND because your new salary has already gone through multiple levels of approval before you see it. Very, very occasionally I am able to go back and get someone a bigger raise than we initially gave them - but only really in cases where I can prove what we’re offering is way off what we’re paying comparable employees. Even in the best cases the additional increase will usually be pretty small. This scenario people are describing where you deploy your ~smooth negotiation skills~ to reject your salary and magically get a much higher one, is not something that happens unless you have a competitive counteroffer in hand (and even then, maybe not).
The best way to ensure you are offered the most competitive salary with a promotion is to be indispensable before you’re promoted… and to work at a company that’s consistently hitting its financial targets, which is honestly the biggest factor in any of this.
THANK YOU this was so helpful!
It is possible that the two employees would jump to the same salary, but it is also possible that their new salaries would be different. The salary within a pay band is typically determined by factors such as years of experience, skills, and education.
Probably not. The new salary for employees in a pay band is typically based on various factors, including the employee's current salary and years of experience.
This is so sad! Mostly because I’m the one with less experience
Do not try and bend the spoon, that’s impossible. Instead, only try to realize the truth… there is no spoon. Then you’ll see that it is not the spoon that bends, it is only yourself.