Career GuidanceCareer Tips

Is it Time to Consider a Lateral Move in Your Company?

A job transition known as a lateral move is accepting a new position that is on par with your current employment in terms of level or pay. Know if it’s time for lateral move within your company. Now, if you’re considering changing careers, you’re not the only one. Career trajectories are rarely linear, as most people are already aware. We are people. We need to try out many things to determine what we like and don’t like. After learning, we make the necessary adjustments to guide our job paths. 

No matter where you are in your career, you may consider making a lateral move. Depending on your career and personal goals, a lateral transfer could be the perfect decision for you. It might be a chance to find room for improvement, flexibility, or even both, as well as the drive and inspiration for the following phase. This blog will discuss the importance of lateral movement and if it’s time for lateral move.

Let’s examine what constitutes a lateral move in more detail, the advantages of lateral movements, and why now might be the ideal time to make the leap.

What is a Lateral Move?

Even if the transfer doesn’t represent a rung on the corporate ladder, career progress frequently entails switching things up and looking for new jobs that will present fresh prospects. A lateral transfer can be a good alternative if you wish to learn new skills, fit into a unique corporate culture, change career paths, or have a better work-life balance. 

A lateral career move is when an individual quits their current employment in favor of a new one with a comparable title, responsibility, or pay grade. This move is when a person moves to a new firm or a different department within their current one. A lateral work change is not always a step backwards, even though it is not a promotion.

What are the Benefits vs Challenges?

There are several reasons why a lateral move might be helpful for you (and your company). Everybody has various needs, abilities, and opportunities to pursue. As a result, their professional progression will be different. 

Lateral mobility has its advantages and difficulties. A lateral transfer might be an appealing and wise next step, even though it won’t get you to the top of the corporate ladder soon. A lateral shift might signal the beginning of a more rewarding career for the proper candidate and circumstance. Your dream job could very well result from it.

as most people are already aware.

Benefits of Making a Lateral Move

Even though a lateral job move is not a promotion, many potential benefits might go along. 

1. Job Stability 

Some people may migrate to the side if they believe their current position is precarious. To keep your job, if your current firm is making layoffs, it would be a good idea to look into a similar role at a different company.

2. Expanded Professional Network

Business benefits of internal mobility have been established. Your professional network will only grow if you make a lateral shift within your current organization. You’ll engage with new teams, departments, and new management. Your interactions with new clients or potential employers may depend on your new position. You are building your social capital when you have a more extensive professional network. 

There are several advantages to expanding your social and professional networks, including: 

  • Exposure to many novel viewpoints 
  • Access to new employment possibilities and duties 
  • Knowledge exchange and fresh learning possibilities 
  • Opportunity to establish new ties (including mentorship)

3. Upskilling

People who feel their current positions leave no potential for advancement or development may benefit from making a lateral transfer. 

Upskilling and gaining new skills became a new focus for many in the global workforce throughout the ongoing pandemic. The appeal is not limited to learning new talents, though. According to data, about two out of every three workers believe that upskilling has improved their level of living and quality of life.

4. Improved Work-Life Balance

A lateral shift might provide flexibility or mental and emotional room if you’re overworked, exhausted, and ready for a substantial change. It might enable you to balance your personal and professional lives. A lateral transfer could enable you to reallocate your time in ways that are important to you if you are finding that you are sacrificing family time for your profession.

5. Better Culture and Leadership

When the values are out of sync, you might think about making a lateral career move to a similar position at a different organization. People frequently find themselves in jobs or roles that they genuinely enjoy. The leadership, culture, and ideals may not be the best fit. If you find yourself in this circumstance, you might consider making a lateral career shift. A change of scenery can also give you the reviving boost you need to advance your career.

Challenges of Making a Lateral Move

Of course, not everyone should make a lateral move. It differs depending on the circumstances, just like any decision in life. When looking at some negatives, it’s crucial to keep these subjects in mind. It can bring with it a fresh set of problems to think about.

1. Perceived Ambiguity 

It’s okay to deviate from your intended job path. However, an employer can become alarmed if you’ve strayed far enough from your career path. Even though most people’s professional trajectories aren’t linear on paper, be sure you can articulate your main objectives for changing careers. This is crucial if you’ve made a lot of lateral shifts in the past.

2. Compensation 

A lateral career change frequently doesn’t result in a significant income increase. The finest lateral job transfers typically result in a slight income increase, although this is not always the case.

3. Stagnant Career Development 

Starting anew can be frightening. Some lateral movements could make you feel like you’re starting over. A lateral shift can prevent you from advancing toward your goal if you want to position yourself to take on a specific management or leadership role. Consider your reasons for moving, and discuss them with your management now. It would be worthwhile to stay if they can assure you of promotion soon.

Conclusion

Making a lateral move in your job could be one of the best things you ever do. A lateral move might not be appropriate at this time, too. I hope you now know more about what’s best for you. Working with a coach can be beneficial no matter where you are in your career. Conversation with a stranger can be quite helpful for your overall development and help you gain perspective on your options. One size does not typically fit all. The direction your career takes is entirely up to you, with the assistance of a reliable co-pilot for the lonely stretches.

FAQs

1. Should I make a lateral move at work?

By making a lateral transfer, you increase your level of relevant experience, which elevates your candidacy. When you apply for similar roles at different businesses, you can use this information to negotiate a higher wage. 

2. What moves are regarded as lateral ones? 

A sideways or “lateral” shift, described as a change within your current firm or to a new organization with equivalent title, income, and responsibilities, maybe a calculated decision that pays off handsomely in the long term.

3. When should you change your career? 

Consider making a shift in your career when:

  • You’re uninterested and smug. 
  • You doubt your efforts are having an effect. 
  • You dread having to go to work. 
  • Your discontent is so great that not even your income can make it up. 
  • Your employment is impacting your personal life 
  • You fantasize about starting a new job 
  • Give explicit examples of what doesn’t work.
Show More

Leave a Reply

Your email address will not be published.

Back to top button