June 9, 2023 | Eul Basa

This Is Why You Shouldn't Just Accept A Promotion


It can be easy to blindly say "yes" to a promotion on the assumption that it will always be better than your current position, at the very least in terms of pay and responsibilities. But the wiser approach would be to evaluate the promotion just as you would any other job offer because essentially, that's what it is.

Sarah Vermunt, a career coach from Toronto, warns employees to review the terms of promotion carefully as there are times when "moving up" could actually put them at a disadvantage. She says that while promotions are meant to be marks of honor and rewards for good work, they also usually come with potentially different workloads that may make employees less happy with their jobs. "The irony is they got the promotion because they were really good at their old job, which probably means they enjoyed doing it," she adds.

Taking on new responsibilities could mean having to learn new skills to excel at the new job, as well as having to get used to not being a top performer anymore. Then comes the issue of money. One should always ask: "Will the pay increase be worth the extra work, or am I comfortable with where I am now?" In the long run, having a higher salary may not be worth it if you start dreading going to work every day. Additionally, if the pay increase is not significant enough, it may be a good idea to discuss that. As mentioned before, a promotion is like a new job offer, so you are allowed to negotiate.

Happy,Black,Female,Employee,Get,Rewarded,For,Professional,Achievement,Handshake

Vermunt says there are some red flags that employees can watch for to protect themselves. For one, it is important to identify "vanity promotions," which are when employees are asked to say yes or no to the promotion on the spot. If there is no paperwork and the promotion is essentially just in name only (i.e., it doesn't offer an increase in pay or give an employee more influence in the company), then it's technically not real promotion. If the new position being offered is entirely different and takes an employee out of a role that he or she really loved, that could be a red flag as well.

"It’s totally okay to say, ‘I’m so thrilled that you see me in this position and I’m very grateful for the opportunity, but I actually see myself going in this direction and would like to work for a promotion to go that way instead,’" says Vermunt. "Movement could be possible, and a promotion is not a yes or a no, it’s a job offer like any other. You can and you should negotiate."

Source

 

 


READ MORE

children

Conflicted People Reveal Their Most Dark And Disturbing Family Secret

Here lie real accounts of the moments people who thought they were "normal", discovered that their personal family secret is darker than expected.
July 12, 2018 Eul Basa
Internal_Template

Divorce Lawyers Share The Most Ridiculous Reason A Client Has Filed For A Divorce

A divorce is most often always a painful event. Here, divorce lawyers share the strangest reasons someone has come to their office and asked for a divorce.
August 10, 2018 Eul Basa
expulsion

Ex-College Students Share Their Crazy Expulsion Stories

Between partying and struggling to make pass, there are many chances for you to meet trouble in your college years. Rarely, though, people face expulsion.
August 11, 2018 Eul Basa
socinternal

Therapists Share The Exact Moment They Realized They Were Treating A Sociopath

The sociopath condition isn't diagnosed as much as movies make us to think. That doesn't mean there aren't real-life sociopaths out there seeking analysis.
August 16, 2018 Eul Basa
1

Wise People Share What You Should Know About Marriage Before Proposing

Proposing to your significant other is one of the biggest commitments that you can make in your life. Let these veterans tell you why.
September 7, 2018 Eul Basa
funnytest123

Teachers Share The Most Hilarious Answers People Have Filled Out On A Test

When students are uncertain the answers to questions, they often just give it their best guess or leave it blank. Some kids are a little more creative.
August 13, 2018 Eul Basa



Dear reader,


It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.


Looking for a new home? Make sure you get a mortgage rate that works for you. That means understanding the difference between fixed and variable interest rates. Whether you’re looking to learn how to make money, save money, or invest your money, our well-researched and insightful content will set you on the path to financial success. Passionate about mortgage rates, real estate, investing, saving, or anything money-related? Looking to learn how to generate wealth? Improve your life today with Moneymade. If you have any feedback for the MoneyMade team, please reach out to [email protected]. Thanks for your help!


Warmest regards,

The Moneymade team