Here is what you need to know about Career Advancement, especially if you live in Nigeria
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February 14, 2023
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Career advancement simply means moving forward professionally by taking on greater responsibilities and breaking new ground. For many people, career advancement is an essential part of their professional development and provides a sense of gratification and contentment. In the highly competitive job market today, it has become a norm for people to want to be better professionally. Usually, career advancement is long-term, and this allows you to take your plans one step at a time.
Types of Career Advancement
There are different career advancements and each comes with its perks and challenges. This is to say that growth is a journey, but the result can be thrilling if you put in the work. Some of the most common types of career advancement include:
Vertical advancement
This career advancement allows you to move up the ladder within a single organization. This implies that you move from a lower-level position to a higher-level position, and is achieved through promotions, taking on additional responsibilities, or earning a higher salary. Examples of vertical career advancements are:
- Sales representatives to sales manager
- Customer service representative to customer service manager
- Software Developer to Technical lead
- Human resource coordinator to Human resource manager.
Horizontal advancement
Horizontal advancement means taking different roles within an organization that is at the same level as your current role but involves different responsibilities and skills. This type of advancement is often chosen by employees who are looking to gain additional experience and exposure to different aspects of a company or to pursue different areas of interest within their field. Horizontal advancement can be from the position of:
- An Accountant to a Financial Analyst
- Marketing Coordinator to Marketing Specialist
- Sales representative to Business Development manager
- Human resources manager to Recruitment Specialist
Entrepreneurial Advancement
This type of advancement involves you starting your own business or becoming self-employed. Majorly, it requires you to identify a business opportunity, create a business plan and bring the plan to fruition. While it can offer flexibility, freedom, and control, it requires a significant amount of risk and hard work. However, the rewards of entrepreneurial advancement can be substantial, and this includes the unlimited earning potential, the satisfaction of building something from scratch, and the opportunity to create a positive impact on society. It is also important to note that this type of advancement is not for everyone but for only those willing to be resilient. Entrepreneurial advancement may be any of the following:
- Starting a fashion brand
- Starting a vlog
- Starting a consulting business
- Launching an e-commerce store
To become an entrepreneur, the idea and decision must be well thought-out.
Why you should consider Career Advancement
One of the best ways to live life is to grow and learn about new things, which is why it is essential to move your career from where it used to be to another level. With every new stage comes new benefits and opportunities, and this comes with so much commitment. Advancing in your career can lead to higher salaries and bonuses that can provide financial stability and security for your family. Furthermore, because you will be acquiring new skills and knowledge as you climb up your career ladder, you expand your capabilities and become a more valuable employee.
How to achieve Career Advancement
If you plan to walk the career advancement path, take the following tips to heart.
Don't stop learning
Check out training opportunities, workshops, and conferences; you can also read books and articles to stay aligned. Embrace a lifelong learning mindset that keeps you ahead and helps you maintain your job satisfaction; take new courses to earn a professional certificate or an advanced degree, whatever earns you a new potential. See this as a way of investing in your development and reaching new heights in your career.
Show your value
You can demonstrate your value to your employer by showing your commitment continuously. Get involved, showcase your skills and knowledge, bring new ideas, and join and volunteer to assist in projects that align with your career because, in the end, it can mean a lot for you. While doing all of these, you can also seek feedback that you can leverage to improve and increase your value. The more you can show your value, the more likely you are to be considered for career advancement opportunities.
Improve your networking game
Building great relationships can be extremely beneficial to your career. Meet with people you admire in your field, have conversations, and share ideas. This can launch you into valid opportunities and provide valuable support as you navigate your career.
Embrace change
Being open and flexible to new developments is important if you want to advance your career. Be open to new projects, new opportunities, new jobs, and new challenges because these activities pull you out of your comfort zone into a more positive and productive environment.
Put yourself on reviews
It is important to measure your progress and document your successes; you can share them during performance reviews and identify areas for improvement. Also, it will help you recognize the impact you have made in your role while still on the journey.
Fintech company Equitybee plans to cut 25% of its workforce in the second phase of layoffs.
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