May 30th 2024.
When it comes to career progression and promotion, showing up at the office can have some serious benefits. It's often believed that if you work hard, you will be rewarded with a promotion. This could mean a fancy job title, a comfortable salary, and even a seat at the decision-making table. However, the reality is that work doesn't always play out as smoothly as we hope. The path to a promotion can be more like a rollercoaster than a straightforward climb, especially for recent university graduates.
It's not uncommon to be passed over for a promotion, or to work for a company that prefers to hire externally rather than promoting from within. You might also find yourself in a job that doesn't offer any room for growth. In these cases, it may be worth considering looking for a new job. And if you're on the hunt for a new job, why not try Metro's Jobs Board?
Metro has partnered with Jobbio's Amply network to bring you the latest careers news, trends, and tips. This partnership aims to make it easier for job seekers to find their dream role by transforming the way job opportunities are shared.
On the Metro Jobs Board, you can find thousands of fantastic career opportunities, including three exciting job openings we've handpicked for you:
1. Delivery Lead – UK&L Delegated, AXA, London
2. Key Account Manager – UK&I, SumUp, London
3. Shop Manager, NFP People, Newcastle upon Tyne
But before you make any career moves, there are a few things to keep in mind. One trend to watch out for is the rise of "dry" promotions. This is when you're offered a new job title and responsibilities, but without any additional perks like a raise, extra vacation days, or a pension contribution bump. Unfortunately, dry promotions are becoming more common, with a Korn Ferry report showing that 37% of companies gave out dry promotions last year.
But that's not the only promotion trend to be aware of. Companies like Dell are now implementing policies that disadvantage remote or hybrid workers when it comes to career progression. In a recent memo, Dell made it clear that if employees want to continue working remotely, their chances of being promoted will be limited. And Dell is not alone in this decision. Other companies, such as UPS, have also announced a return to in-person work and have even cut management jobs for those who choose to continue working remotely.
It's no surprise that remote workers are feeling worried and frustrated. Recent data from employment-data provider Live Data Technologies shows that remote workers were promoted 31% less frequently than in-office or hybrid workers over the past year. This is backed up by a survey from KPMG, where nearly 90% of CEOs said they are more likely to favor in-office employees when it comes to promotions, raises, and projects.
But it's not just about promotions. The trend towards returning to the office also has implications for salary and job opportunities. In the US, there has been a significant decline in high-paying jobs that offer remote or hybrid work options. In fact, remote work now only makes up 9% of six-figure career opportunities.
Despite all of this, there is some good news. A study by Boston Consulting Group and Scoop Technologies found that companies with liberal remote work policies actually have the edge when it comes to revenue growth. So whether you're looking for a remote, hybrid, or in-office role, you can find your dream job on the Metro Jobs Board.
Let us know your thoughts in the comments below. Do you prefer working from home or in the office? Have you experienced any challenges with promotions or job opportunities due to the pandemic? We'd love to hear from you.
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