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  #41  
Old 21.06.2021, 06:35
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Re: Internal promotion from PM to director, what % salary increase?

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Generally private sector companies don‘t publish internal payscales on the intranet.
Mine doesn't publish payscales, but does publish benefit differences by function band, including vacation, time keeping requirements (i.e. what happens with overhours and overtime), ergänzungskasse v PK, etc. It's a valid point.
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  #42  
Old 21.06.2021, 06:40
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Re: Internal promotion from PM to director, what % salary increase?

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Some interesting advice on this forum.
I cannot understand how a bunch of expats in Switzerland don't want to encourage someone in this position with this kind of advantage to ask for market remuneration.

OP is clearly going to take the job and OP likes the company. OP isn't planning to jump ship in a year with the title. OP should 100% ask for what OP believes the position is worth. There is nothing to be lost.
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  #43  
Old 29.06.2021, 10:24
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Re: Internal promotion from PM to director, what % salary increase?

Hi all,

I wanted to give an update on my offer if this can be helpful for someone else.

In the end, I told HR my salary expectation was 160k CHF + 25% bonus, which was the higher end of my research outcome.

I got an offer yesterday for 150k CHF + 20% bonus, which is a 35% bump in overall compensation and 25% bump just in base salary. Pretty good outcome!!

So clearly not all companies in Switzerland lowball internal candidates for promotions, and the unwritten policy of giving a 10% salary increase max isn't always applicable. I hope this gives motivation to other people who are in the process of negotiating an internal step up, so they ask for what they are worth and hopefully get it!
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  #44  
Old 29.06.2021, 10:27
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Re: Internal promotion from PM to director, what % salary increase?

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Hi all,

I wanted to give an update on my offer if this can be helpful for someone else.

In the end, I told HR my salary expectation was 160k CHF + 25% bonus, which was the higher end of my research outcome.

I got an offer yesterday for 150k CHF + 20% bonus, which is a 35% bump in overall compensation and 25% bump just in base salary. Pretty good outcome!!

So clearly not all companies in Switzerland lowball internal candidates for promotions, and the unwritten policy of giving a 10% salary increase max isn't always applicable. I hope this gives motivation to other people who are in the process of negotiating an internal step up, so they ask for what they are worth and hopefully get it!
Congratulations!!!! Fabulous!
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  #45  
Old 29.06.2021, 10:32
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Re: Internal promotion from PM to director, what % salary increase?

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Hi all,

I wanted to give an update on my offer if this can be helpful for someone else.

In the end, I told HR my salary expectation was 160k CHF + 25% bonus, which was the higher end of my research outcome.

I got an offer yesterday for 150k CHF + 20% bonus, which is a 35% bump in overall compensation and 25% bump just in base salary. Pretty good outcome!!

So clearly not all companies in Switzerland lowball internal candidates for promotions, and the unwritten policy of giving a 10% salary increase max isn't always applicable. I hope this gives motivation to other people who are in the process of negotiating an internal step up, so they ask for what they are worth and hopefully get it!
Thanks for the update. A pretty good outcome indeed.
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  #46  
Old 29.06.2021, 11:04
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Re: Internal promotion from PM to director, what % salary increase?

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Hi all,

I wanted to give an update on my offer if this can be helpful for someone else.

In the end, I told HR my salary expectation was 160k CHF + 25% bonus, which was the higher end of my research outcome.

I got an offer yesterday for 150k CHF + 20% bonus, which is a 35% bump in overall compensation and 25% bump just in base salary. Pretty good outcome!!

So clearly not all companies in Switzerland lowball internal candidates for promotions, and the unwritten policy of giving a 10% salary increase max isn't always applicable. I hope this gives motivation to other people who are in the process of negotiating an internal step up, so they ask for what they are worth and hopefully get it!
Congrats that is a respectable salary and nice bonus percentage! Good on you for not following the advice from some in this thread who clearly had no clue what they were talking about on this particular topic and scenario vs some others of us who see this stuff regularly; and in the end of course your final outcome reflects that. There's a reason why "fortune favours the bold" is such an enduring proverb.

That salary also has room to grow as the years go by and if you had started on a lot lower it would have taken you several more years to achieve parity. Where possible (like when HR specifically ask you for salary expectations), always negotiate the highest possible reasonable salary going into a job.
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  #47  
Old 29.06.2021, 13:34
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Re: Internal promotion from PM to director, what % salary increase?

First time I've seen this post, and I was about to answer that from my experience of similar responsibilities, it seemed about right. Only I was Head of... not Director of...

Glad it worked out for you.
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  #48  
Old 04.07.2021, 06:22
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Re: Internal promotion from PM to director, what % salary increase?

Your request and outcome are reasonable and within market dynamics. I am also glad that you didn t lower your value.

Congratulations.


[QUOTE=PintePeps;3322479]Hi all,

I wanted to give an update on my offer if this can be helpful for someone else.

In the end, I told HR my salary expectation was 160k CHF + 25% bonus, which was the higher end of my research outcome.

I got an offer yesterday for 150k CHF + 20% bonus, which is a 35% bump in overall compensation and 25% bump just in base salary. Pretty good outcome!!

So clearly not all companies in Switzerland lowball internal candidates for promotions, and the unwritten policy of giving a 10% salary increase max isn't always applicable. I hope this gives motivation to other people who are in the process of negotiating an internal step up, so they ask for what they are worth and hopefully get it![/QUOTE]
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