I am an Appraiser III in my local county's Assessors office. At the Christmas party, in front of everyone, my boss announced that I was getting a promotion. This was very exciting, as it has been high stress and long hours and I felt like my hardwork was being recognized. I had also been contemplating breaking free - starting my own fee appraisal business (1 man shop, work from home, low overhead, be my own boss, flexibility w baby on the way). Then, during our annual reviews in February, I got top marks across every category. 3% performance raises were approved - they told me I earned 5%, "more than anyone else in the department." This was a great honor and my dreams of starting my own business have been quieted. They also commented that the raise was kind of irrelevant, as the promotion would be getting processed.
My raise went through, but only at 1%. Promotion still has not happened. Feelings of resentment have been growing and communication has been poor with supervisors. Turns out 5% really meant you get 1% to max out of the current category and a 1-time check for a couple grand. I understand now, but I don't know why this hadn't been communicated clearly, that 5% is not what's actually happening and to expect 1% because I'm maxed out in my category.
I also prompted the promotion paperwork to get processed. I do not like the terms. They are offering a slight pay bump, but going exempt (ie - salary instead of hourly) and nearly maxed out in the next category. This is upsetting because I log a lot of OT - part of how I've performed so well and why I thought these things were being recognized. I would prefer hourly, not salary. Also, they said if 3% is approved again next year, I'd get about 2.5% and be maxed out once again, after only 1 year in the new category.
It's frustrating because I feel like I've been on the hook, as this has been dangled in front of me for months and resentment has grown. Our first baby is due in July, so I should have taken the first few months of this year setting up my own business, but held out hope that they would agree to my terms - they have not. Now I feel like I'm screwed and have lost leverage and even if I take promotion, there's no future after a 2.5% bump next year. I think the solution is striking out on my own but don't know what to do. I'm thinking I should accept the new position for now, as it is a bit more money, take 12 weeks of FMLA with the baby, use all my personal and sick leave, and not come back. I think there is a possibility of contract work with the county - everyone can be replaced, but at least through the end of the year, they'll be in a tough place without me. Mostly ranting here, frustrated for sure.
Anyone ever been in a job that capped out in pay grade? Did you sit at the ceiling under FIRE? Accepting this career move will likely lengthen my time til FIRE. It's a decent job, 6% 401 match, just wish the pay would keep up with the market.