I am a bit confused, you say you are getting a raise but then your salary is not changing. To me that is contradictory
We always know it is an American company when they talk about Presidents and Vice Presidents. We say General Manager, Assistant Manager, Section (or Department) Manager etc.
In schools it is Principal, Deputy or Assistant Principal. (years ago it was Vice Principal but kids made too much fun of that term) then Head of Department.
Hello Brian,
The raise that I am getting this month is known here as an "annual merit increase", meaning that at the time of your yearly review, if you've done your job well, you are eligible for an increase to your hourly rate. If you have not performed up to standards, or excelled past the standards, you may not be given a raise.
Usually, if you receive a promotion, you receive a new title, you have a change in your job duties/requirements, and you get an additional increase in pay to reflect this. So when I was contacted I was told I was getting a promotion. However, there would be no change in my duties or responsibilities, and there would be no additional increase in pay. So basically, they are just giving me a new title.
If I had been given a true promotion, I would've received my annual merit increase, and then been given an additional increase in salary to go along with my new title.
Chuck, congrats on the good review, raise and bonus! And the title bump
Thanks Nancy! The bonus will come in handy!
Well, at least you got a raise, so the promotion does come with increased pay even if that's not why you got the raise. But also, I think there's some value in the title change if the new title sounds more "important" than the previous one. AVP sounds pretty impressive to me.
My son went to a college in LA and was able to go really inexpensively because my income was low at the time and the school gave him a lot of "need based" financial aid. When he graduated, he had good enough grades that they redefined all of his financial aid as a merit-based Mary Pickford Scholarship. (Yes, it's LA, where the closest airport is named after Bob Hope.)
He didn't get any more money, but the scholarship looks better on a resume.
Hello Katy. I may feel differently about it if I felt like the title change meant something. To me, it seems like the titles are handed out arbitrarily to employees, and there is no true status with it, so I don't see the point.