So.. I’ve been at my current job for several years and have been consistently going “above and beyond” my title and pay grade to prove my worth and hopefully get meaningful compensation growth. Well, the title growth has been there but not the comp growth..promotions at my level are basically COLA adjustments (in a high COL city) while the mid/senior level folks get bigger salary increases in one year than I have gotten in total since I’ve been here. And of course, everyone pushes off all the work to the associates while they go MIA for hours (especially during WFH)
I’m frankly tired of this BS and “showing initiative” for peanuts, while everyone else gets paid more the harder I work. Has anyone been in a similar position to me and have started turning down deals and projects that the VPs are supposed to handle? If so, how did you manage to pull this off without pissing off your team? I don’t think a “sorry, I’m already covering 3x the amount of deals you do while getting paid half” response would end well.
Just leave. You are worth somewhere in between (1) the value you generate, and (2) the price you're willing to accept. You are worth what the market will pay you - go get em tiger.
Get the hell out. If these guys are fobbing you off with titles instead of meaningful compensation, then that situation will never get better and it's time to go.
I am the ONE person who thinks titles are actually underrated. While they're not worth much at your current job, they are helpful for getting a better role/compensation package at the next one. So pretty valuable long-term.
But I agree he should leave, sounds like it's time.
Titles matter, more so in some industries/positions than others, but they definitely have value. The problem is that OP's employer is trying to substitute a qualitative "promotion" for a quantitative raise or increase in compensation. That's the red flag - if you're getting promoted, that means new responsibilities and duties. That demands a corresponding increase in pay. If you aren't getting that pay, either your employer expects you to to do more work for the same amount of money, or they're trying to underpay you by rewarding you with an essentially meaningless title - any future employer will quickly figure out that the title of Managing Director is pointless if you're still grinding away on pitchbooks at 11pm every night
Agree
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