What you can and should do if ever offered a dry promotion
Find out what to do if you’re ever offered a dry promotion on this episode. Then download your FREE Queer Money Kickstarter, a 9-step Guide to Kickstart Your Journey to Financial Independence.
How dry promotions impact employee morale and retention
Lots of dry things suck. Dry mouth, dry spells and dry eyes, to name a few. But there’s a new concept we learned about just last week called ‘dry promotions.’ What does it mean to be offered a dry promotion? And how do they harm LGBTQ+ people and other marginalized communities?
On this episode of Queer Money®, we’re discussing the pros and cons of getting an advancement in title, position and responsibilities without a corresponding increase in compensation. We offer six reasons to decline a dry promotion at work, describing how they exacerbate inequality and impact our mental health.
Listen in to understand when it might make sense to accept a dry promotion and learn how to decline a dry promotion graciously when it doesn’t.
Listen to get insight on dry promotion
Topics covered on dry promotion
- How dry promotions are defined as promotions that come without a raise
- The problem with being given additional responsibilities without additional authority
- 6 reasons to decline a dry promotion at work
- How dry promotions impact employee morale and retention
- Why a dry promotion can throttle your career progression and lead to burnout
- 5 ways dry promotions hurt LGBTQ+ people and minorities
- How dry promotions perpetuate marginalization, stifle authenticity and exacerbate inequality
- The mental health impacts of dry promotions on marginalized communities
- Why women, LGBTQ+ people and other minorities are more likely to accept a dry promotion
- How to maintain your professionalism and decline a dry promotion graciously
- When it makes sense to accept a dry promotion as a stepping stone for advancement
- Accepting a dry promotion under the condition of revisiting the salary increase
Resources on dry promotion
- Queer Money Kickstarter
- Wall Street Journal Piece on Dry Promotions on WSJ.com
- Tom Brickman on Queer Money EP303
- Farnoosh Torabi on Queer Money EP492
- Capital One Auto Navigator
- Wealth Builder’s Pyramid
- CreditWise
Connect with David and John
- Debt Free Guys on Facebook
- Debt Free Guys on X
- Debt Free Guys on Youtube
- Queer Money Facebook Group
- Queer Money on Instagram
- Subscribe on Apple Podcasts
- Email [email protected]
Watch this week’s episode on dry promotion
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We’re David and John Auten-Schneider, the Debt Free Guys (www.debtfreeguys.com), and the Queer Money® podcast hosts. We help queer people (and allies) live fabulously, not fabulously broke, by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs and 3) save and invest for retirement.