The Pros And Cons Of Promotion
10/11/2020 by MRL
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First of all, congratulations on not only being considered for career advancement, but for being offered the role! It proves that the company you are working for believes that you are ready to take the next step up. Perhaps the most crucial aspect for you is the payrise that often comes with the territory.
However, no business is going to offer you more money without getting something in return. You must understand how progression will impact your day-to-day role and decide whether or not you want to accept.
When offered a promotion, we always recommend thanking your employer or boss, whomever you are in discussions with, and requesting time to consider. This will allow you time to contemplate and decide if this is a move you really want to make. It also allows you the space to think about whether you would like to negotiate specific terms of the offer.
We believe that every career decision is a personal one. You should never feel pressured to follow a specific career path. Below is an overview of the pros and cons of a promotion offer.
Quick answer: A promotion often refers to an employed individual gaining a higher job title and salary in return for increased responsibilities.
In-depth answer: Many people view workplace advancement as a confirmation that you are doing a good job and are ready to take the next step in your career. After all, why would a company take a risk on you if they weren’t 100% sure you could deliver?
It also means a salary increase. If you have been offered an elevated job role without an increase in annual pay, we highly recommend you enquire why this is the case. You shouldn’t be expected to give more of yourself without taking on a higher salary in return.
A promotion is often a quid pro quo agreement. In exchange for a higher job title and salary, you will be expected to take on additional responsibilities. These increased responsibilities could be a range of things depending on your current role and the role you will be taking on.
We highly recommend asking for the proposition to be sent to you in writing. During the meeting where the advancement is offered, there will be many thoughts running through your mind, distracting you from the minute details you will need to know throughout the decision-making process.
Being promoted at work comes with an abundance of benefits; particularly if the offer falls in line with how you want your career to develop. Just a few of the positives that could come from accepting a promotion offer include:
While there are many potential benefits to accepting a promotion offer, there are also disadvantages. These include:
Whether you accept or reject a promotion offer is a decision that only you can make. We recommend sitting down with an outline of the proposal and ask yourself:
Look at it without rose-tinted glasses and try to see it for precisely what it is. Perhaps you have a mentor that you can use as a sounding board when deciding whether accepting a promotion will make you happier.
You could also seek the advice of trusted friends and family, but remember that while they can offer their opinion, no one can make this decision for you.
Quick answer: As with most things in life, there are pros and cons to rejecting a promotion offer. The most important thing is how you handle the situation.
In-depth answer: As mentioned, there are multiple reasons why you may want to reject an offer. We recommend asking what the implications are if you do not accept so that you have an understanding of how both avenues will impact your career. If you are planning on rejecting an advancement offer, have a reason ready that you are happy to share with your employer or boss.
Always approach a promotion rejection with appreciation and provide an outline of why you need to maintain your current position. Highlight the aspects of your current role that are vital to your professional satisfaction and how you add value to the company within that role. Reiterate your commitment to the company and perhaps share your own ideas regarding your professional development along with any plans you have in place to continue growing. This approach will help you maintain your relationships with your employer or boss while politely declining their promotion offer.
If you would like some impartial advice outside your circle, why not get in touch with us for an unbiased ear?