When it comes to career advancement, timing is everything. According to Ian Siegel, CEO of ZipRecruiter, early career employees should aim for promotion every three years. However, many companies are hesitant to appear as if they are playing favorites. As such, 18 months or two years is usually the minimum amount of time to wait for a promotion, unless you've had a discussion about shortening that deadline even before you're hired. The most likely time to receive a promotion is in your third year with a company.
Research conducted by Visier found that promotions dropped significantly after 10 years with the company. But when is the right time to ask for a promotion? Or if you're considering looking for a new job, when is the best time to leave your current company? And is leaving your company even the right decision?
When it comes to asking for a promotion, it's important to be strategic. You should have a clear understanding of what you bring to the table and how you can contribute to the company's success. It's also important to be patient and understand that promotions don't happen overnight. You should also be aware of any internal policies or procedures that may affect your chances of getting promoted.
If you're thinking about leaving your current company, it's important to weigh all of your options carefully. Consider the pros and cons of staying and leaving and make sure that you have a plan in place for your next move. It's also important to understand that leaving your current job may not always be the best decision. You may find that staying with your current employer can provide more stability and better opportunities for growth.
No matter what stage of your career you're in, it's important to remember that timing is key when it comes to asking for a promotion or considering a new job. Be strategic, patient, and informed when making any decisions about your career.