First of all, we must accept the aging process. At 50, your $137k pa is around $7-8k pm(after taking away the bonus and car allowances). That will put you in the top 20-25% of income earners in your age group. Not bad already.
Instead of complaining about the promotion, you must instead watch out for your job security.
Managers are easy to replace, especially if they don't have technical background relevant to their job. Is the recent assignment to a less prestigious department signs that the company sees less value in your contribution?
At 50, you don't really have much bargaining power inside the company or outside in the job market. And working 15+ years in a company though reasonably long is chicken feed to the many colleagues in my company who have stuck it out with the company through thick and thin for 30years and more! Quite a number of them, senior execs, are earning around your salary.
Quote:
Originally Posted by Unregistered
Hey guys, is this annual salary 137000 (including bonus and car allowance etc) normal for my age (very extreme early 50s). I have masters from a local uni. Manage 20+ staff (used to be 40+). The industry im working at is very small. Recently got transferred to another place, a less prestigious department of the company, while people surrounding me got promoted. Quite demoralised since i worked there for 15+ years.
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