Wage Stagnation! Is Making A Lateral Career Move Worth It?

If you are upwardly mobile, then pay close attention. Are you looking at a new opportunity to increase salary, benefits, or take on new responsibilities? Beware of the lateral move!

A lateral move is when you are gunning for a promotion and human resources turn it into an internal transfer. That 20% to 30% salary increase becomes 2% because they couldn't get top management approval.

Your salary stagnates, you get more responsibility, and the company gets your labor on the cheap. The truth is a lateral move is a cost-cutting measure in the human resources industry. In today's episode, you get tips on handling such a letdown.

Remember, corporations want to pay as little as possible for top talent. Employees want to earn as much as possible for the least effort. Putting these truths together creates adaptations that include lateral move salary adjustments.

Should you take a lateral move? That depends on whether you are trying to escape something or move towards something else. In most cases accepting an outside position at a market, the rate is always going to be in your favor.

In all cases, a lateral move is NOT a promotion. It is a cost-cutting measure that rewards human resources for your gullibility and lack of understanding of market rates. This is the harsh reality of high-income jobs. Part of a career trap.

Not all lateral moves are bad if they give you access to upper-level decision-makers. Then again, a lateral move may make you look like a corporate simp. To make the best salary decisions you need the broadest market information, don't take the word of human resources.

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