Yesterday I was promoted from a Level 2 to a Level 3 after two years with my company. The increase was only 2%, which was disappointing. Today I was given the new job description to sign and the Level 3 includes "acting as a backup supervisor" and "performing supervisory duties" and "training incoming teammates on all duties."

I feel like 2% is insufficient for the amount of potential responsibility expected from this higher level role. Are my expectations unreasonable? How should I proceed?

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Most definitely youre correct for 2% more after two year and then to put you as a onboarder plus back up would need to be at least 10% or higher. I would have a discussion with your manager and if you cannot come to conclusion for kore compensation I would stay at level 2 and look for another line of work with higher pay base wise.

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Still not enough to stress over. Even if you made 100k and you got that 5% increase 105k a year to make that transition is not worth it. I would definitely not do assistant manager or backup manager for less than 30% increase.

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First of all, congratulations on the promotion! That's exciting regardless. Second of all, I would definitely encourage you to negotiate. You don't have to accept a promotion, especially when the duties do not match the salary. You could negotiate for something like 5% based on the job description, or deny it if they aren't willing to budge.

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OP here! I talked to my manager and she agreed with me. Turns out no one has looked at that job description since 2022, which I suspected because it listed obsolete systems. Manager is contacting HR on my behalf to change the wording in the job description. I still think 2% is shy for a level change, but we'll see how this shakes out.

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I would not sign the papers and I would speak with your manager - others have made the point but 2% is hardly a COLA raise and it's at the bottom of the range for it.

7%+ on the low side for a promotion, but I would target 10%-15% minimum. I've always gone in asking for the stars (reasonably) AKA more than what I know they want to pay, but not out of reason. Sometimes, if you can justify it - you'll get exactly what you want.

Build a case on what you've done, where you go above and beyond, and how you'll crush the new role. Also use tools like pay surveys: Payscale, Robert Half, etc. this will help you target an industry average for your role, what is fair comp and have the numbers to back it up.

Plus management sure does love a good slide deck lol. Congrats on the new role!!

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Excellent advice!

You're not overreacting. If you don't initiate it, they will proceed as if everything is fine and dandy. You must address this and if they don't bidge, you see the true culture that you're dealing with..,and just maybe it is time for a permanent change.

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I meant if you don't budge.

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Was there a job posting that you looked at when you posted for this role? Did you not see those things listed?
If you did and they only gave you 2% of an increase to include those supervisory duties, hate to tell you you got ripped off.

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My manager told me prior to my annual review that she was putting me in for a promotion from Loan Servicing Specialist II to LSS III. It wasn't a question, just a thing she was doing on my behalf. This is a local bank, about $5B in assets and a little over 200 employees.

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be greatful you have a job 2% is better then being layed off the job world if tough right now yes its low give it time to negotiate you dont want to be replaced with somoene who will be willing to come accept lower then what you are making

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Wages are tied to responsibility, so it seems like significantly more responsibility so I agree the wages are not in synch. Feels like 10% to me. Are they saying you were already at the top of the last salary band or how did they come up with 2%? That’s less than a cost of living adjustment.

I agree with you that two percent seems really low. before signify I would see if you can have a convo about the terms of the new role and letter with your hr rep to see if there is any flex in salary. this is a super reasonable request!

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