Latest / Future Female Leaders
270| Merit Increase vs. Promotion vs. Market Adjustment
Shifting focus for the week, Nichole breaks down the three different types of raises and why knowing which one applies to you changes your whole approach.
In this episode:
Why "raise" usually means one of three things: a merit increase, a promotion, or a market adjustment
What a merit increase is, a small performance-based bump tied to your existing role, usually on a set annual cycle
What a promotion actually requires: proving you're already operating at the next level, not just deserving credit for your current one
What a market adjustment is, correcting pay that's fallen behind the market…
The skinny
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