From the course: Job Market Basics for Business Leaders
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Move around to move up
From the course: Job Market Basics for Business Leaders
Move around to move up
- A lot of people talk about climbing the corporate ladder, but very often it looks more like corporate shoots and ladders because people go up here and then they move over here and then they come back again and there's sort of a boomerang, right? This happens because oftentimes, companies won't necessarily promote people internally as quickly as they could if they're hiring externals. The reason for this is simple, they have people in a certain structure and even if people are highly talented, they need a reason to have them leapfrog over people. By doing it internally, this could often upset the applecart and create management problems. So if you're a high performer or a leader or if you have any role at all, oftentimes the best way to have a higher rank at your current company is to leave your company, go somewhere else, get some new skills, and then come back again. Now, some companies have a specific bands on…