New job description and new job responsibilities, but the same old paycheck? Congrats, you just got a dry promotion. This type of promotion is great news for a company’s bottom line, since it means ...

Gen Z workers looking for promotions are seeing new job titles but not necessarily more money. Companies squeezed by a still-tight labor market and years of competitive pay raises are turning to an ...

(NewsNation) — Employers are cutting costs by offering employees what are known as “dry promotions.” Here’s what you need to know about the practice. “You get all the responsibility, you get all the ...

As American businesses seek innovative ways to cut costs in a tightening economy, employers may be enticed to promote employees but withhold a salary increase. This situation is known as a "dry ...

A “dry promotion” is a boost in responsibility and title without a pay raise. Employers “think this is a great thing.” For employees, however, that deal might not look so great, though experts say ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. (NewsNation) — Employers are cutting costs ...