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What Kewho Min Wants You To Know About Lateral Career Moves

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Page 1: What Kewho Min Wants You To Know About Lateral Career Moves

SHOULD YOUCONSIDER A

LATERAL MOVE?B Y K E W H O M I N

Page 2: What Kewho Min Wants You To Know About Lateral Career Moves

THIS MONTH , HARVARD BUSINESS REVIEW REPORTED THATEMPLOYEE MAY BE INTERESTED IN LATERAL MOVES WHEN IT COMES

TO ACHIEVING THE CHANGES OR TRANSITIONS THEY CRAVE .

KIRSTEN HELVEY AT CORNERSTONE ONDEMAND OUTLINES VARIOUSINFLUENCES THAT AFFECT THESE TYPES OF CAREER DECISIONS .

WORKING WITH KELTON , A LEADING GLOBAL INSIGHTS FIRM ,

CORNERSTONE ONDEMAND CONDUCTED AN ONLINE SURVEY OFMORE THAN 2 ,000 FULL-TIME AMERICAN EMPLOYEES ACROSS

VARIOUS INDUSTRIES . THEIR FINDINGS SUGGEST THAT AMERICANEMPLOYEES WANT MEANINGFUL PROFESSIONAL GROWTH

(PURPOSE , ENGAGEMENT) AND NOT NECESSARILY A PROMOTION ORA BIGGER PAYCHECK .

A P R O M O T I O N I S N ’ T T H E O N L Y W A YT O C H A N G E P O S I T I O N S I N Y O U RC O M P A N Y — O R I N Y O U R C A R E E R .

Page 3: What Kewho Min Wants You To Know About Lateral Career Moves

So, are employers underest imating the

power of lateral career moves for

profess ional growth?

It looks that way. One of the survey’s

most surpris ing f indings : People are

wil l ing to make lateral career moves

into posi t ions with s imi lar t i t les and pay

grades in different departments . And

this feel ing is shared across generat ions

with the majori ty of both Baby Boomers

and Gen Xers feel ing this way.

Page 4: What Kewho Min Wants You To Know About Lateral Career Moves

“When asked why they would be wi l l ing

to make a lateral career move, the most

common answers were to f ind greater

personal sat isfact ion (57%) , to pursue an

entire ly new career path (41%) , and to

take up a profess ional chal lenge (40%) . ”

SAYS HELVEY :

Page 5: What Kewho Min Wants You To Know About Lateral Career Moves

Helvey goes on to cite a LinkedIn survey, “Why and HowPeople Change Jobs,” that revealed one in three people

who recently changed jobs changed careers entirely.“They found that these career changers wanted to be

challenged, found their old job a poor fit for their skills,and were curious to try out a new industry,” Helvey

writes.

“Employee development not only helps with engagingand retaining top talent but also drives better bottom­

line results,” says Helvey.

M O R E S T A T I S T I C S

Page 6: What Kewho Min Wants You To Know About Lateral Career Moves

A S I T T U R N S O U T , L E A R N I N G A N D G R O W T H A R EK E Y M O T I V A T O R S F O R E M P L O Y E E S . I F Y O U ’ R E

F E E L I N G S T U C K I N A J O B R U T , H A V E Y O UC O N S I D E R E D T H E L A T E R A L ­ M O V E O P T I O N ? T A K E

S O M E T I M E T O A S S E S T H E G R O W T HO P P O R T U N I T I E S Y O U ’ D L I K E T O E X P E R I E N C E I N

Y O U R C A R E E R , A N D T H E N C L E A R L YC O M M U N I C A T E T H O S E I D E A S T O Y O U R

E M P L O Y E R .

Page 7: What Kewho Min Wants You To Know About Lateral Career Moves

APRESENTATION

BYKEWHO MIN

K E W H O M I N . C O M