Got a promo and a new career level, not sure if that maps to anything (Salary range/ VC target range, etc)
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Thanks and same to you!
Some moved into a new tier. I did. I was maxed out in my role trajectory, but got a promotion in my business until which bumped me into a new level. This was the reason for the 15% bump.
A 10% raise at this point isn’t bad. In the past I got a promotion once with a 5% raise, which was a bummer. Plus you’ll have a better VC target and that will pay off for you.
Congrats though!
I see other people comment on other posts where they get promotions and they all seem to be getting a 15% increase... meanwhile I only get a 10% increase... I guess it varies
"Got a promo and a new career level, not sure if that maps to anything (Salary range/ VC target range, etc)". When your manager gave you the good news of the promotion, did they not explain any of that to you?
Unfortunately some promotions don’t lead to a raise. If you’re at the same level in the hierarchy, then you can technically stay at the same pay. Your VC target should go up, and hopefully you get a small pay bump.
I got a promotion this go round, and I moved up the employee level code (or whatever they call it) so I got a 15% pay bump and higher VC target.
Congrats to you, and hopefully it comes with better pay.