Has anyone received a salary increase when transferring internally to a different position with the same corporate title?
5 replies (most recent on top)
Why on earth would anyone do this? Focus your energy on getting out of this sht hle.
You’re lucky to get a noticeable raise even with a proper promotion let alone a lateral move. Here’s a question though. If I left my VP role for another VP role in Nov, Dec, or Jan. Would I still receive the “bonus”
No, you must stay lateral with no increase in salary. AND... you are not entitled to any special consideration to be promoted at next year-end simply because you (had to) take a lateral move eventhough you should have received the higher salary/grade. You are subject to the same promotion process as your peers, there is no special treatment to be reviewed for a promotion, you are hoping to get one just like everyone else. The policy makes it seems like you WILL BE considered for the promotion eventually but in reality, the same procrss applies to everyone anyways.
I have heard one person got a bonus for a lateral move, Director level.
I have not seen this but as a manager, continually escalate the request to bump comp until someone extremely senior tells me to step off. Policy requires title and salary changes to occur early in the year following the transfer. The only exception I’m aware of (but haven’t applied myself) is if the person was below the salary band of the new role. In that case, there’s a way to bump it up. There’s a check for this, at least.
You currently cannot get an increase with a transfer at the time of the transfer. That doesn’t stop your new manager from promoting you at year end or giving you a raise commensurate with your change in role, assuming you negotiated this at the time of accepting the new role. That’s not a guarantee but I’ve seen it followed through upon a few times in the last year.
This has been the policy for 18 months or so, I have a feeling it might get rolled back over time but that’s how it works today.