Internal promotion but no pay raise

Hey guys,
Just wanted to get your thoughts on this. I am currently working in a Helpdesk team in a supervisor/escalation role. I am now being promoted to the IT Operations team with a lot more responsibilities (SCCM, VMWare, AD/GPO, Azure, NetApp). After asking for a salary adjustments due to added responsibilities I was told that it was not possible due to COVID (company did lose money at the beginning of pandemic but is back on track and doing well currently). New manager said he will look into giving me extra stock options (one time company stock buy worth around 3% my salary), but that didn't sound too enticing to me.
I guess I can ask again a in year or two for the salary adjustment again when hopefully the world gets back to normal, but I'm sure from their end they will not want to do it since I'm doing the work already.
Just wanted to get your thoughts on the situation and if you had some advice?
Just wanted to get your thoughts on this. I am currently working in a Helpdesk team in a supervisor/escalation role. I am now being promoted to the IT Operations team with a lot more responsibilities (SCCM, VMWare, AD/GPO, Azure, NetApp). After asking for a salary adjustments due to added responsibilities I was told that it was not possible due to COVID (company did lose money at the beginning of pandemic but is back on track and doing well currently). New manager said he will look into giving me extra stock options (one time company stock buy worth around 3% my salary), but that didn't sound too enticing to me.
I guess I can ask again a in year or two for the salary adjustment again when hopefully the world gets back to normal, but I'm sure from their end they will not want to do it since I'm doing the work already.
Just wanted to get your thoughts on the situation and if you had some advice?
Comments
Your manager already knows what s/he can and can't give you. This sort of thing is discussed endlessly in management meetings under the category of "retaining employees." You will need to consider all other aspects of your new position and decide if your job it still worth doing despite the lack of an immediate salary increase. If not, start looking elsewhere.
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Proverbs 6:6-11Go to the ant, you sluggard! Consider her ways and be wise, Which, having no captain, Overseer or ruler, Provides her supplies in the summer, And gathers her food in the harvest. How long will you slumber, O sluggard?
When will you rise from your sleep? A little sleep, a little slumber, A little folding of the hands to sleep, So shall your poverty come on you like a prowler And your need like an armed man.
You obviously know your situation better than all of us combine. With that said (and I am working off of limited info) I would consider learning as much as you can for the next year in the role and then leverage it into a higher level OPS position.
I guess my first question is do you even like the new role?
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Upcoming Certs: VCA-DCV 7.0, VCP-DCV 7.0, Oracle Database 1Z0-071, PMP, Server +, CCNP
Proverbs 6:6-11Go to the ant, you sluggard! Consider her ways and be wise, Which, having no captain, Overseer or ruler, Provides her supplies in the summer, And gathers her food in the harvest. How long will you slumber, O sluggard?
When will you rise from your sleep? A little sleep, a little slumber, A little folding of the hands to sleep, So shall your poverty come on you like a prowler And your need like an armed man.
I agree - time to look elsewhere. I did the same thing a couple of decades ago, the big guy kept avoiding me until i submitted my letter of resignation. Then ...* POOF* - i was offered a raise but i didn't care, i left and never looked back. There is opportunity out there...just need to find it.