BLUF - My Boss recently gave notice and I have found out I am getting most of her responsibilities but I suspect will not get any raise. Is there any way to bring this up?
Here's the situation: I work for a major financial institution in the Fortune 100 that is a household name. My boss currently has 12 directs. One of them (not me) has another 15 directs under her, and the other 11 are individual contributors (including me). My boss gave notice that she is leaving for another company. My bosses boss sat down me, the my current boss, and my peer who has the 15 directs to tell us that everything is "frozen" due to the market and since there will be a "markup" if they hire from outside they are not going to hire from outside. Instead my peer will take her 15 directs and report directly to my current bosses boss, and the remaining 10 individual contributors and report to him as well.
I had already felt underpaid relative to the market, and now with these increased responsibilities feel more so. Is there any way to bring this up with him without appearing greedy -- I very much want the position as well. A tricky factor is that my current boss and have the same job-band for the company (it is huge company), so I'm not sure if HR won't view it as a promotion. Lastly, there are people who have been in the group reporting to me who quite possibly make more than I do because they have been there longer. Should that be a factor, or can it be a factor?
Thanks for the help.