A “dry promotion” refers to a job promotion without an accompanying salary increase.
It has become a trending concept in the job market, particularly used by some companies as a cost-cutting measure.
Employees receiving a dry promotion are expected to take on more responsibilities and possibly a higher position, but without any financial reward for their increased workload.
Companies may use dry promotions to retain talent while managing salary budgets, especially during economic uncertainties.
While it can enhance a resume, experts warn that the long-term benefits may be questionable, and it could lead to employee dissatisfaction.
If offered a dry promotion, it’s recommended to discuss terms with management, highlighting one’s contributions and the need for appropriate compensation.
This practice can lead to reduced productivity, damage the company’s reputation, and make it difficult to attract new talent.
Surveys show that many employees are not content with dry promotions, as they feel undervalued and overworked without corresponding pay.