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If you get promoted, does your pay get reevaluated?

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Mid-Level Software Engineer [Tech IC5] at Unity2 years ago

How does it work - Is it just a certain percentage or is there something more ad-hoc that could even be negotiated?

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    Robinhood, Meta, Course Hero, PayPal
    2 years ago
    • Pretty much every company will increase your pay after getting promoted.
    • It varies from company to company how the increase works. Some will be more ad-hoc and others have turned it into math
      • Startups/very small companies will be ad-hoc
      • Big companies will have it be math
    • IMHO, math is better as it's inherently more fair