Stephanie Heredia was promoted a year late and several dollars short. Heredia, 29, started an accounting job at a small company in Tampa, Florida, where she was promised a base salary of $60,000 that would rise to $100,000 in a year.
But at the last moment, she told wealth, the timeline became two years. Her final salary was $90,000, plus commission. As the company grew from 4 to 25 people, Heredia’s responsibilities grew as well. She was responsible for opening a new division in Puerto Rico that brought the company $2 million in additional revenue annually, but asking for a raise felt “like talking to a brick wall,” Heredia said.
“I was doing over $300,000 in sales a year, but with all the work I was doing with the clients I was bringing in (and) other work in the company, I was only making $90,000,” Heredia said, adding, ” Unfortunately, I have too much work to do.” Spreadsheet comparing the money I took home! “
“I started to realize that I was burning out very quickly,” she recalls. “I decided I couldn’t keep building other people’s dreams.”
Heredia is not alone. New research shows that employees who are promoted into management positions face increasing pressure. In fact, according to recent research, workers who are promoted to management for the first time are more likely to leave their employer immediately than workers who are not promoted. Payroll Processor ADP.And Gallup polling This week found that managers are more likely to feel burned out or disengaged than employees.
“Being the boss often comes with perks. Unfortunately, today it’s basically a hard job,” Gallup concluded.
Nearly two-thirds of respondents said their job responsibilities have increased, while 42% said their budgets have been cut. Perhaps not surprisingly, Gallup found that most managers are currently looking for new jobs.
For Heredia, the long-awaited promotion came just after she made the decision to leave. Her boss called her into the office and promoted her to partner and gave her shares in the company.
This will bring her total salary to $120,000, but she will no longer be eligible for commissions, meaning her total compensation will be cut. Still, Heredia said she accepted it out of exhaustion. “I worked so hard that I thought acceptance would dissolve my resentment and make me whole again,” she said.
But in fact, it’s not. Six months later, Heredia launched her own company, Taxes Tampa. A year after leaving, she insists she has “never felt better”.
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