Out of interest, do you think this a good deal?

[silverooo]

Promotion at work to the next level up. Private sector, big global corporate. Senior Management position, more responsibility and targets and stress!

Base salary has increased by 10 percent. Annual bonus based on targets from 35 to 40 percent - by no means guaranteed (this year we got a fraction of it). We usually get a company wide raise of 1-3 percent on top of our base salary at the beginning of each year - though again, not an absolute given.

Thoughts? To me a 10 percent rise on the base salary seems pretty tight.

I would say 10% is pretty standard for an internal promotion. If you want to increase salary more then you need to move. It has always been the same.

I know nothing about corporates but that sounds low to me for a promotion. Unless you're on 90-100k now in which case I would be ok with it.

@LadyDanburysHat - really? Ok. Been a while since I worked for a company this size and moving from the top of bracket to the bottom of next seems a little mean! For context, the difference to my annual salary is about 10k a year which barely makes a difference after tax.

@Blappengrap - it seems low to me too. I’ve been told there’s absolutely no room for negotiation.

I don’t know how much you earn but in my career £12k always seems to be the jump for me for promotions (that’s been higher than 10% as I don’t earn £120k.)

Yeah, I have been there in the past. 10% sounds decent, but never amounts to a life changing amount after tax etc.

They've given you 10% to recognise the change in grade/role. Now you need to prove you can deliver.

If there's a system where promotion is to the bottom of the next level, salary wise, then I guess a person could end up with a massive rise, or a tiny one, depending on how close current salary is to the boundary.

Is it negotiable?

Overall, if you're in the top tax bracket (which it sounds like from your comment about after tax difference), a 10% rise is probably under industry average.