Offering a promotion without a raise? (Guest Commentary)

Short-term gain may lead to significant long-term pain
By Claudine Kapel
|Canadian HR Reporter|Last Updated: 07/19/2011

Your organization wants to promote someone, but there’s no money in the budget for a salary increase. What do you do?

One in five companies in the United States say promoting employees without salary increases is at least a somewhat common practice, according to a new survey by OfficeTeam.

Further, 55 per cent of the employee respondents said they would be willing to accept a promotion that doesn’t come with a raise.