After investing long days, months, and years in the hope of a promotion, you finally receive it. However, it’s different from the rewarding leap you anticipated. Instead, it’s a dry promotion—a mere change in title with added responsibilities but no pay increase. Companies often resort to dry promotions to retain hardworking employees without increasing pay. While it may seem like a step up on paper, it’s primarily a tactic to prevent employees from seeking better opportunities elsewhere. This article dives into why companies are doing this, whether you should accept the promotion, and why a promotion should come with higher pay. Why Are Companies Doing This? There are different reasons why a company might function this way, but all of them indicate a lack of true appreciation for their employees’ performance. Some may argue it’s due to cost and the need to maintain a balanced budget, but that’s often just an excuse. In reality, dry promotions are a way for companies to get more...