Wednesday, November 25, 2015
Monday, November 23, 2015
Research: Internal Moves Smarter Than Job Hopping
Job hopping has become more prevalent, especially as workers look for better paychecks and opportunities. But could you be making a mistake by leaving your current job, one that will hurt you financially and professionally in the long run?
New research from The Wharton School of the University of Pennsylvania finds that workers who take advantage of different opportunities in their organizations not only get a pay raise with these moves, but they also receive greater responsibilities. This includes doubling the number of people they supervise and receiving a more advanced title.
While workers who job-hop to another company often get a pay raise, they don't tend to also garner a bigger job title or more responsibility. Instead, the job is pretty much the same as their old job, and they are supervising about the same number of people.
Researchers say that while employees receive pay boosts with an internal job move, an external move may not have as much potential.
"[W]hen you move across firms, you get a pay raise — maybe 20%, or something like that. But what happens is, your time until the next promotion [is often delayed], so the trade-off there is a little more complicated. It does suggest that internal moves are quite important in moving ahead in your career," says Matthew Bidwell, a management professor and one of the researchers.
Still, Bidwell says no one should believe that this means they shouldn't accept a job at another company. You just need to be aware that while you'll get a bigger paycheck, a promotion may be slower in coming.
"I get a bit nervous when people tell me about their career plans: 'I’m going to go to this job. There’s not a lot of head room, but I’ll get great experience and I’ll use that experience to get hired into a higher-level job somewhere else.' That turns out to be quite a hard transition to make," he says. "So find a job where there is a room to grow inside the organization. You may not want to stay at that organization forever, but a least get a rung or two up the ladder, enabling you to move out to a higher rung elsewhere. That seems like a smarter career strategy."
Recent research shows that while 83% of millennials admit that job hopping may not look so great on a resume to potential employers, 86% agree it won't stop them from pursuing their professional or personal passions.
Even baby boomers have about 11 job between age 18 and 48, no longer believing they can stick with an employer for 30 years and then collect a pension and gold watch.
But based on this new research, it may be a good idea to consider whether you've really plumbed the possibilities at your current company before making a leap.
Wednesday, November 18, 2015
Monday, November 16, 2015
How to Never Be a Victim Again
Remember what 2008 felt like? And 2009?
Pretty grim years. Thousands of people lost their jobs, and didn't have the foggiest idea of where to turn.
Now, with unemployment at its lowest level in seven years (5.4%), those memories may be fading for many people.
No one should ever forget what that felt like. The panic. The sleepless nights. The internal scolding of "Why didn't I network more?" "Why didn't I look for a new job sooner?" "Why didn't I keep my skills/certifications up-to-date?"
It's never a good idea to lull yourself into thinking that your job is safe or secure, because it's not. No one is safe from a layoff or immune from an industry suddenly hitting the skids.
So, repeat after me: "I will never let myself be complacent about my career. I won't ever be a victim again."
How do you do that?
1. Once a week reach out to someone in your network, either through LinkedIn, a phone call or email. Catch up on what the person is doing, such as the current challenges. Ask how you can help.
2. Learn something new. Take a free online course, sign up for a community college class or attend a seminar. Promise yourself you'll spend as much time learning about a new technology, for example, as you do playing fantasy football or reading about the Kardashians.
3. Play "what if." If you were to get fired today, what would you do? Do you have a resume ready? Do you have at least a handful of connections you could ask to help you? Are your skills up to date? Do you have a Plan B, such a a new career path?
4. Keep up with industry news, and understand the financial health of your own company. Be vigilant about trends in the industry that may signal a downturn, or hints within your company that it's financially struggling. Don't wait for the hammer to fall -- be proactive about searching for other opportunities before you lose your job. It's much more difficult to find a job when you're unemployed.
5. Up your game. Look around within your organization or industry and determine who is in a job you would like to have within three to five years. Look at the person's skills, education, background and connections. Are you on track to have those same qualifications so you can move into this job in a few years? If not, determine what you need to do and immediately take the steps to get there.
What other mistakes should be avoided in a career?
Thursday, November 12, 2015
Tuesday, November 10, 2015
How Your Oversharing is Hurting Your Career
All you have to do these days to know some of the most intimate details of someone's life is to check out Twitter or Facebook or read the person's blog.
Some people like to share -- a lot. That's OK if that's what they want to do, but the rules are different in the workplace.
The "transparency" and "authenticity" that someone may adopt online doesn't need to also be translated to the workplace -- and doing so can hurt careers.
For example, how many times has a co-worker shared the details (and I mean DETAILS) about the birth of a recent child? Or a colleague regaled you with the exploits of his recent hook-up with a former college girlfriend?
Not only is this kind of sharing inappropriate in the workplace, but it puts the boss in a bad position. The boss may be aware that co-workers don't want to hear this personal information -- but it also serves as a distraction that can hurt productivity.
At the same time, it can be difficult for some people to know when to curb their desire to be "approachable" by sharing personal details. Aren't we always told to be more open with other team members and be more likable by showing our own vulnerabilities and likes/dislikes?
Yes, it can be tough to navigate how much to share, and when to do it. Let's consider a few things about sharing in the workplace:
- Scan the area. Look at those sitting within six to 10 feet of you at work. Chances are that if you share something personal with your mom on the phone or your bestie in the next cubicle, others will overhear. You haven't just shared something with one person, you've shared it with several colleagues. Do you really want to announce the results of you colonoscopy with 10 of your co-workers? Put another way, do THEY want you to share it?
- Stick to the headlines. If you want to share news of your daughter's first date, provide the headline: "She went to the latest James Bond movie with a boy from her chemistry class." Colleagues don't need to know that she then came home drunk, threw up in the azalea bushes and you called the police on the boy passed out on your front lawn.
- The reflection on your professionalism. Of course it's cute that your daughter had her first date, but you must be a lousy parent if the kid came home drunk with a loser boyfriend, your colleagues (and boss) may be thinking. Maybe that makes you a lousy employee, as well? The rule of the jungle applies here: It's not a good idea to expose a weakness, or you could be tomorrow's lunch.
- Mitigate the drama. When you're going through a rough patch in your personal life, co-workers can provide real support. A boss can ensure you're getting benefits or other professional assistance. But don't go overboard and think that gives you free rein to unload drama every day. Remember that your teammates care about you, but they also have their own problems and challenges. Be aware that taking advantage of their concern isn't fair and may limit their tolerance for your problems in the future.
Finally, sharing with colleagues isn't wrong or even unprofessional. But think about the lines you should not cross -- and then don't cross them if you want to keep your career on track.