Many people change jobs to gain career advancement because they feel stuck where they are and see no likelihood of change in their current organization. Conventional wisdom suggests that moving “up the ladder” is the way to advance professionally, which might mean finding a new job in another company.
However, a relatively new trend in the work world indicates that not everyone thinks this way or adopts the traditional career growth path to achieve career satisfaction.
Although career growth has typically been viewed as a more or less continual upward climb, that view might no longer be as prevalent as it was years ago. It might still predominate, especially in times when the job market is at its toughest. However, lateral moves seem to be gaining ground as a desirable route to career satisfaction.
Harvard Business Review recently published an article titled “Don’t Underestimate the Power of Lateral Career Moves for Professional Growth.” Author Kirsten Helvey shared that her company did an online survey of 2,000+ American employees and found a preference for purpose and fulfillment over just promotion or a bigger paycheck. When they questioned why people would be willing to make a lateral internal move, they got these responses:
What does this suggest about lateral moves and why you might consider making one yourself?
A clear majority of the employees surveyed indicated that they’d look for opportunities within their company so they could stay there–but only if they could see potential for growth. Otherwise, they’d start searching outside.
The HBR article also mentioned that for many of the survey respondents, “learning is a big motivator…, and employers can use that knowledge to better keep employees engaged.” At the same time, many respondents indicated that their companies didn’t have a plan or program in place to provide opportunities for growth. That ought to be a wake-up call for companies that want to keep good employees. Is your company one of those enlightened organizations?
If you want more opportunity for growth, even if that growth doesn’t involve upward movement or substantially more money, you might want to think about the possibility of making a lateral move. However, you do need to go into it with your eyes wide open.
You might list one or more of the following as your reason for a lateral career move:
Once you’ve decided to seriously look at the possibilities for a lateral move, you have one potentially major factor to take into consideration: If, at some point in the future, you do want to change companies, how will that lateral move in your past be viewed by prospective employers? You need to be well prepared to position it as a strategic career move that significantly increased your value to future employers.
In other words, present it as a decision you made with careful thought and then pursued with energy. Be ready to give concrete examples of the value you gained and gave in the new role.