Hi Elpha community! I'm hoping to get some feedback on a promotion I was offered at my company, especially from HR/compensation folks. Here's the background:
I was hired in April of this year at a small startup (approx. 40 employees, ~6 years old, also has gotten a recent round of funding). I was hired for a senior level position, comparable to a regional director role overseeing one of the company's smaller markets. The company has 6 markets, 4 which are small and 2 which make up about 85% of the company's revenue.
About a month into my onboarding, there was a staffing change and a need arose for the company for me to step in to a lower level role but for the company's largest market that makes up ~45% of the company's business. I took the lower level role they kept my salary the same despite the role change.
Now, there is another staffing change, and I've been offered the original role I was hired for (comparable to a regional director), but instead of it being for a smaller market as I was originally hired for it is for the company's 2nd biggest market (this market is ~40% of the company's total revenue). I've been offered the role but with no salary increase as they said I was originally hired in this role's pay bracket. If I take the role, it would save the company money as they would backfill my current role with someone at a lower salary than mine since they would be hiring for the lower level role.
I asked if there would be additional compensation to take on this role and was told no. Looking for advice here... is it appropriate for me to ask again for compensation increase here, or should I take their no and just go for a raise at the end of year based on performance when we have performance evals? If yes, any tips on how to go about this ask?
Thanks in advance for your advice!! I've been asked to let them know by tomorrow morning (Friday 9/2) if I'd like the role.