Navigating Your First Promotion: Salary Expectations and Negotiation Tips
Congratulations on your first promotion! Here's some advice about what to expect and how to navigate this situation:
Compensation Expectations
- Average Increase: Promotions typically come with a salary increase of 10-20%. However, in tech roles, it could range higher depending on company policies, market competitiveness, and role responsibilities.
- Benchmarking: Research salaries for the next level at your company or similar roles in the industry using tools like Glassdoor, Levels.fyi, or LinkedIn Salary. For example, if mid-level UX designers in your area average $120K, that could be a realistic target.
Negotiation
- Is There Room to Negotiate? Yes, there often is. Companies might offer a standard increase, but they may adjust for market rates, your contributions, or competing offers.
- Timing: Wait for the official offer. If it's below your expectations, thank them and express enthusiasm, but request a conversation to discuss adjustments.
- Be Prepared: Highlight your achievements that justify a higher increase, like specific projects that added value, metrics you improved, or leadership you've taken on.
Who to Talk To
- Manager First: It's often wise to share your expectations with your manager before HR gets involved. Managers usually have input into the promotion package and can advocate for you.
- HR: Once the formal offer is presented, you can negotiate directly with HR if needed.
What to Ask For
- Salary: Have a clear number or range in mind based on market research.
- Benefits: If salary flexibility is limited, consider negotiating other perks like bonuses, stock options, PTO, or professional development funds.