Why Career Advancement Isn’t Always About Moving Up
Joshua Miller
Master Certified Executive Leadership Coach | Linkedin Top Voice | TEDx Speaker | Linkedin Learning Author ?? Coaching Fortune 500 leaders by upgrading their MINDSET, SKILLSET + PERFORMANCE
Something Silly:
86% of employees say they’d switch jobs for one with more chances to grow.
Something Serious:
Career advancement shouldn't always be synonymous with moving up the corporate ladder. Research and data reveal compelling reasons why moving horizontally within your organization or across industries can be a strategic career move:
1. Skill Diversification: According to a study by LinkedIn, professionals who switch roles within their organizations are more likely to acquire a broader skill set compared to those solely focused on upward mobility. This diversification enhances their long-term employability.
2. Market Adaptability: The World Economic Forum suggests that, in a rapidly changing job landscape, lateral career moves enable individuals to adapt better to industry disruptions. It helps them stay relevant in an ever-evolving job market.
3. Skill Transferability: Research conducted by the National Bureau of Economic Research indicates that skills developed in one role can often be transferred to others, sometimes in unrelated fields. This adaptability can be a career advantage, fostering resilience in an unpredictable job market.
4. Holistic Growth: A survey by Deloitte found that professionals value holistic growth experiences. Lateral moves can provide a more comprehensive understanding of an organization's operations, contributing to well-rounded leadership and decision-making abilities.
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5. Job Satisfaction: Studies by Harvard Business Review show that job satisfaction is closely linked to the alignment between one's skills and job tasks. Making a lateral move to a role that better matches your strengths can lead to increased job satisfaction.
Remember, career advancement is about achieving your professional goals and finding fulfillment. Whether it involves moving up or sideways, data-driven decisions can help you make the right move at the right time to steer your career in a positive direction.
Stay inspired, Joshua Miller
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9 个月Great insights Joshua Miller, I am a great living example of your newsletter because I have reinvented my career many times: ?? moved countries from Philippines to #Dubai, UAE ?? changed jobs - from taxation to internal audit ??changed industries - from Intel Corporation to Emirates ?? changed career - from Audit Manager at Emirates to CEO of a business I love I learned that the best thing is to define what success means to you and make it happen.
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9 个月Exciting opportunity, Joshua Miller.
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9 个月Skill transferability opens doors, embrace lateral moves for resilience. Joshua Miller
People & Culture Strategist: CEO Confidant & Culture Shaper | Board Advisor | Building Cultures of Belonging, Remote Work Excellence, and Purpose-Driven Leadership | AI Nerd
9 个月I dislike labels to differentiate success because up, down, sideways -it really doesn't matter with a growth mindset and curiosity. Just do the work, be a sponge to absorb all the knowledge, and be kind.
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9 个月Always a pleasure to listen to you, Joshua Miller