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I am a software developer working at a technology company. Several months ago I talked to my manager about promoting me to the next level (i.e. from associate level developer to intermediate level). He instantly agreed that I deserved it based on my performance and claimed that the higher ups agreed as well. However, he said it would take a while to take effect.
Each month that went by, I continued to ask if there was progress, to which the answer was it will take a little bit. Fast forward to this week and I was on our companies HR website when I noticed that the job title by my name had changed to the promotion title; there has been no communication to me that this change has taken effect, no emails, conversations, nothing.
I went to the salary history and noticed that it had increased this week, however I was disappointed to see that the 'raise' was quite low - barely 3%. For reference, we get yearly merit increases and this year I also got 3% for that (which as most know is pretty much a cost of living raise to keep up with inflation). Although no raise amount was discussed (particularly because I had just been told it would take time before the promotion would happen), I had expected a raise from a promotion to be significantly more than the typical merit increases. Especially when considering I see job ads for similar positions all the time with salaries of 25-35% more than I currently make - which makes sense going from one job level to another.
I have a bi-weekly one-on-one scheduled with my manager for next week and I 'assume' we would talk about the promotion then...and if not, I'm wondering if I should bring it up since I haven't been formally told about it by anyone. My question is, should I bring up the fact that I am disappointed with the raise amount? Or should I simply be happy with the fact I got anything even though it is significantly less than the market rate for that position?
Basically, I find it hard to believe that's the offer they would make if they were trying to hire for the position from outside the company.