Turning down promotion due to salary

Question

Following an upcoming promotion that is set to take place at the beginning of the year—and what I expect will be an underwhelming salary bump—I am considering respectfully declining the promotion.

After testing the market, my current comp is about 40% lower compared to lateral/external opportunities. I can almost anticipate the updated comp is going to be well below what is acceptable.

With that, and to keep my dignity intact of not settling, is it advisable to decline the offer? Is it even possible to do so?

Bizbrunch1 · Accepted Answer

I would take the promotion AND look for other opportunities.

Also ask about any new and additional benefits. For example, my company offers unlimited PTO to people managers.

Also, job titles matter! You could source a better offer and appear more qualified to another company based on the job title and additional responsibilities.

peaaiur1 · Answer

I wouldn't decline before looking at the offer AND having another one in hand that you can accept. I don't see a point in turning it down otherwise. Is it because you don't want the additional responsibility (assuming there is)?

They might ask why you don't want it so advise to have an answer just in case. You dont want to burn bridges before you have another offer or two secured.

Turning down promotion due to salary

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