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by Michelle Ferris on Sep 13, 2016

Most businesses certainly took some licks during the recession – but many are starting to pull out. And with the additional work you’ve put in during tough times, perhaps moving into a better position – with a better paycheck - is on your mind.

One of the most important steps you can take is to figure out if a promotion is really what you want. Ensure you are comfortable with the changes that the new job would require before pursuing it.

  • Will it pay off to take on the additional responsibilities?
  • Do you have the time available to work the extra hours, if it calls for it?
  • Is the monetary payoff worth the time you could lose at home?
  • Are you comfortable in a managerial role?

When you’re ready, discuss it with your manager. They have a more objective view about your skills, strengths, and weaknesses as an employee. They can help you develop skills to fit the new position. They may also know of opportunities for you to move up in the company, and can let you know whether they think you would be a good fit.

You should make sure that your skill set has the more advanced skills necessary to fill the new position you’re considering. If this means taking classes, getting certifications, licenses or degrees, you should start planning for this now and ensure you have everything under your belt necessary to making you the top candidate. In addition to this, if your non-technical skills (such as management, communication, or negotiation) need honing, you should start volunteering for things that will help you build your repertoire. This includes volunteering for things outside of work, which is also helpful to building your social and business network. Be sure to take advantage of this network, as you may learn of opportunities through them!

A promotion is a great way to advance your career, but remember that it isn't an all-or-nothing proposition. You're unlikely to jump multiple rungs on the corporate ladder in a single move. So keep your eye on the position you want to assume eventually and focus on the steps, even if they seem small, that will allow you to get there.


© 2018, PLC Insurance. The reader assumes all responsibilities for his/her own actions in regards to any items discussed in this report. Adherence to all applicable laws and regulations, federal, state and local, governing the use of any product or service described in this report in the US or any other jurisdiction is the sole responsibility of the reader. The publisher and author assume no responsibility or liability whatsoever on the behalf of the reader of these materials. The reader is encouraged to consult directly with his/her insurance professional.

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