‘Dry Promotion’: Corporate America’s Latest New Buzz Phrase
March 21, 2024 8:34AM EDT
Young man sitting at home with an empty wallet. He is left without money and thinking what to do next.
Here’s a new corporate buzz phrase you’ll likely start hearing more about: “Dry Promotion.”
You may not have heard that phrase, but many are definitely familiar with the concept.
A “dry promotion” is when an employee gets an upgraded title and more responsibilities, but it comes without a pay raise.
‘The Wall Street Journal’ reports employers offering employees “dry promotions” has increased by 13% between 2018 and 2024.
Have you received a “dry promotion”? Did it cause you to look for a new job?
More about:
