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Can anyone tell me what does this really mean...
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I assume they can't go back on their word since it's a very senior role? I'd say something in lines of "I'd like to discuss the salary before I start the role just so i know beforehand and don't face any surprises later on"
Agreed and make sure you get it in writing, very important before you start the role
It’s not a promotion if the pay doesn’t align from day one.
Exactly!
Yeah I think a backpack would be fine, maybe throw in a water bottle and a sweat towel too, then all is well right?
HAHAHA this made me laugh. Its so true though.
Did they tell you why they were delaying the decision? I can see no reasonable explanation for the delay other than to save them money and/or to apply pressure on you to do a good job. Neither is acceptable. If you’re doing extra or more valuable work, you should be compensated accordingly.
Had a similar situation at my current role to a peer of mine. Basically he fought tooth and nail, made extreme arguments for his case and threatened to leave if not. He ended up getting the raise (which he rightfully deserved) and also got it for his fellow coworker in the same position. So I guess my advice would be get prepared for a full on debate (which I think you will easily win given you are rightfully owed for the extra burden)
Pro
Seems like a load of bs. Get it in writing that you get back pay for time spent in the role.
Backpay*
This makes so much more sense then backpack. LOL.
I can't imagine a good reason for that. Have a sit-down with your boss and at the very least, get it in writing that you'll get backpay. Extra work without extra pay is a big red flag to me.
You have to flag it from the very beginning, I like the approach FA1 has, it's definitely better that you raise it now
Start looking elsewhere just in case
I think your request is perfectly reasonable. Don't be afraid to ask your boss to set some time aside to discuss. It might also be helpful to obtain a competing offer beforehand, if you can. Otherwise, be prepared for your boss to simply say "no."
Yes this happened to me as well. I got promoted mid year but didn’t get my salary increase until January of the next year. Excuse I was given was because they couldn’t do merit increases in the middle of the year. Also because I had already gotten an increase (normal annual raise) , they couldn’t do it twice in a year. I thought that was unfair as well. I probably should have negotiated that but I had fought tooth and nail to even get the promotion so was just tired by then. You definitely should push more for it because of you decided to leave because you were getting a better salary offer they would definitely increase your pay so why not do it now?
Promotions shouldn’t start when the new position starts. Merit increases aren’t the same. I’d ask for that now.
Check the rationale behind it. I know that my firm’s fiscal financial year starts in April so all new salary is only effective April. I’m sure it is explainable through HR and not something he has control over.
We have a financial year too but we still do backpay. So in April OP would receive the payment difference from end of year up to April.
Good company shouldn’t do that unless you really want that title and more responsibilities without a pay raise. Raise should always come with promotion. Can you get them to issue a written confirmation that the new compensation will start from MM/DD?
I wouldn’t take this on? You’ve five months before this “might” come true. They can promote in place and give you a salary increase, this happens frequently in tech
You have a valid reason. A promotion necessarily includes additional pay. If your boss says no, then time to find a new job.
In my experience, Bank of America promises promotions that they have zero intention of delivering on. Seen it many times in my 10+ years.
Are you starting a new role (meaning you applied for it) or did they just ask you to do more? If it’s the first situation you could ask for back pay, doubt you’ll get it as it’s more something controlled by HR than your manager. If it’s the second situation you need to figure out if the added responsibilities are enough to change your C level. New C level= new position = opportunity to negotiate salary.
Then my suggestion is to just negotiate a higher pay and ask if they can back pay it. There is a limit to how far back they can go and most of it is depended on HR not your manager. I’d also ask if they can’t back pay can they give a sign on bonus for the amount. Unfortunately your stuck doing the work regardless of what they say.
Congratulations on your Promotion! You should definitely ask for what you need!