ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Negotiating salary during promotion can be tough; woman shares tips to navigate the tricky terrain

"This is going to be kind of different than when you are accepting your job and then when you're negotiating a salary," she says.
UPDATED JUN 21, 2024
Cover Image Source: Woman offers tips on negotiating a salary when getting a promotion | TikTok | @SweatingatNapTime
Cover Image Source: Woman offers tips on negotiating a salary when getting a promotion | TikTok | @SweatingatNapTime

Negotiating salaries can always be intimidating, no matter where you stand in your career. However, there's no denying that negotiating salary during a promotion differs a bit from when you are accepting a job for the first time. This TikTok user, (@sweatingatnaptime) takes to the popular video-sharing platform to talk about how to negotiate a salary during a promotion. "Let's talk about negotiating a salary when you are getting a promotion," she says at the beginning of the video. 

Image Source: TikTok | SweatingatNapTime
Image Source: TikTok | SweatingatNapTime

"This is going to be kind of different than when you are accepting your job and then when you're negotiating a salary," she says. She goes on to say that the fact that you are already employed, you know people, and that the fact that the employer already knows how much you are getting paid makes the experience a bit different. "In most companies, every job has a salary band, a budget of what they pay for the role. Where your comp sits in the band is going to be determined by experience, skill, performance, all kinds of things," she adds.  

Rachel | TikTok
Rachel | TikTok

Then she talks about how many companies would often promote their employees to the lowest part of the next band. This is because the employer deems you new at the role. "The logic is that, 'you're new, you don't know what you are doing, why would promote you to the highest part of the band when you're brand new at this job?'" This is where her tip comes in. She talks about how it's important to get a copy of the new job description and match the work that you are already doing. She also recommends people pull up past experiences and convince them they are already skilled at some of the tasks required in the new role, so they should be placed somewhere higher in the band. She also urges people to directly ask what budget the company has set for the role so that one can negotiate better. 

Alyssa Graham | SweatingatNapTime
Alyssa Graham | SweatingatNapTime

"I would also call on previous experience in jobs that you've done in the past, and also your amazing performance review and sort of build this case for, 'Hey I am not like a complete brand new, I am already doing the job, and I am great at it and you should give me more money,'" she says. "In most cases, you are the high performer, the company wants to retain you," she adds. 

At the end of the video, she mentions that if one is solely focused on compensation, then it's best to look for a promotion in another company. "They will probably bring you in at the top of the compensation band. On average, the biggest compensation jobs have happened when you move from one company to the other.

Many took to the comment section and talked about how they weren't even given the chance to negotiate their salary. I just asked if I could negotiate my salary with my promotion and they said "No, congratulations on the new role!," writes @Dangerkitty, to which the creator replied, "Omg!!! Time to leverage that title for a new role."


@sweatingatnaptime By popular demand: Negotiating a salary during an internal promotion #career #salary #careeradvice #humanresources #bigsisteradvice ♬ original sound - SweatingatNapTime

 

Another user pointed out how people leave after getting a promotion, "Mercer did a study that showed 29% of people leave within 1 month of their promo. This is because they use their new title and comp to shop for a better role," writes, Jackie_Daytona. Look like negotiating a salary is easier said than done!

For more such content, follow (@sweatingatnaptime), on TikTok.

MORE ON MARKET REALIST
US consumers could witness another wave of inflation in March despite the IEA releasing oil reserves
3 hours ago
There are safeguards to the use of the technology but day-to-day activities are allowed.
4 hours ago
The contestant came quite close to winning but it was not to be.
4 hours ago
A budget watchdog has sounded the alarm, warning that this would not be sustainable.
6 hours ago
Multiple states are taking part in testing programs to ensure that the dream becomes reality soon.
7 hours ago
Homeowners are going for adjustable mortgage rates in record rates, reminiscent of the 2008 crisis.
1 day ago
The contestant’s win was impressive, as the game she played is not easy to get right.
1 day ago
The contestant was just happy to be on the show but a surprise win made her experience even better.
1 day ago
People are already struggling with affordability and the war could make things a lot worse.
1 day ago
If consumed, the products could pose serious health risks to some people.
1 day ago
The Trump administration has assured that prices will be back to normal within weeks.
2 days ago
The move reflects a broader shift in tech as companies redirect money from payroll to AI infrastructure
2 days ago
The Energy Secretary said that the uptick in gas prices would only a few weeks.
2 days ago
Carey even ended up having chili spaghetti after feeling the symptoms for the first time.
2 days ago
Find out the production oversight that led the company to the Class I recall from the FDA
2 days ago
The growing AI bubble will burst and workers will have to bear the brunt in the short term.
2 days ago
Small businesses account for a huge chunk of GDP and employ more than 62 million Americans.
2 days ago
Andrew Crapuchettes advises American workers to stay AI-enabled to face a tighter job market situation.
4 days ago
There were a total of 48,307 layoffs in February, down 55% from January.
5 days ago
There could even be a situation in which one may have to give away half of it as income tax.
5 days ago