I have been with my current organization for over four and a half years and four months ago transferred into a new position. I had assumed this position was a lateral move until I saw a job posting externally for our organization at the facility where I work. The position requires a BS in Mech/Elec Engineering(which I possess), 5 years experience(I have 4.5) and the lower level of the salary band is about 5,000 dollars more than what I make. About 90% of the responsibilities are the same with my position having some responsibilities not outlined in the job description for the posting.
Part of my move was to gain some new experience so I am not sure if it's appropriate to initiate compensation talks so soon after my move. However, we have had people leave in the last few months so there may be money allocated for raises in next year's budget.
Should I approach my manager/HR rep about this? Or just lay low?
Thanks in advance.