Roughly a quarter of American professionals hit a wall in their careers
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Re: Roughly a quarter of American professionals hit a wall in their careers
#2Re: Roughly a quarter of American professionals hit a wall in their careers
#3There's no reward for loyalty any more, and it's caused everyone to job hop (at least while that was possible), including me. At the time, employees complained about it, and in the same breath refused to give out any promotions and/or reward employees. Or they'd reward them with some shitty voucher.
The world has literally become the people vs corporations. There is no soul in working any more.
Re: Roughly a quarter of American professionals hit a wall in their careers
#4This has been true for at least since 2008.
The only times Ive gotten promotions was to get hired elsewhere. Better title, more money.
Its well known that retention budgets are laughable or nonexistant, and new hire budgets are well stocked. That means that if you want to grow from what youre doing, you gotta leave.
Re: Roughly a quarter of American professionals hit a wall in their careers
#5This has been the case for most of Gen X's career: there was very little mentoring, very little succession planning and career shaping. Instead Boomers (who came into an economy where these things, along with pensions, etc. still existed) took over early and have stayed in leadership roles longer than previous generations. A look at congress provides a template.
Re: Roughly a quarter of American professionals hit a wall in their careers
#6Re: Roughly a quarter of American professionals hit a wall in their careers
#7There's no reward for loyalty any more, and it's caused everyone to job hop (at least while that was possible), including me. At the time, employees complained about it, and in the same breath refused to give out any promotions and/or reward employees. Or they'd reward them with some shitty voucher. The world has literally become the people vs corporations. There is no soul in working any more.
[deleted]
Re: Roughly a quarter of American professionals hit a wall in their careers
#8This has been true for at least since 2008. The only times Ive gotten promotions was to get hired elsewhere. Better title, more money. Its well known that retention budgets are laughable or nonexistant, and new hire budgets are well stocked. That means that if you want to grow from what youre doing, you gotta leave.
Every few years companies give a large raise to everyone when they notice they can't hire people and the ones they have are leaving. So if you don't manage to find a new job it isn't hopeless, so long as enough people are leaving.
Of course if you don't leave they may lay you off at any time. However assuming that doesn't happen they will eventually give you a large raise.
Re: Roughly a quarter of American professionals hit a wall in their careers
#9I was at my previous company for almost 10 years, I had annual promotions and I roughly 4x'd my annual income in this period, which averages to about 15% of year-on-year pay increases. Part inflation, part growth in skills.
Virtually all of that happened in the first 8 years. In the last 2 years I also stalled and saw minor inflation corrections of 2% a year, so I quit.
In my experience it had everything to do with me. In the first 8 I was very hungry, and always willing to take on something more or different. In the last 2 I was very much set on just coasting and doing what I was already doing, and it translated in them paying what they had always paid me, plus a little for inflation correction.
I think the truth is usually that if others don't stall and you do, that the solution probably sits with you as well. That having been said, I think now with AI the value-add of an employee sees so much pressure, that I think stalling will be a major trend.
Re: Roughly a quarter of American professionals hit a wall in their careers
#10not getting laidoff is like a promotion now