Is the Promotion too Good to be True? Five Things to Consider Before Accepting a Promotion

When you dedicate your time and energy to a job, you want to know that your effort is appreciated. Therefore, being offered a promotion is exciting and rewarding. You might be tempted to immediately accept, but a promotion could affect your life in many ways. Before you agree to the promotion, consider these factors.

Pay Increase

When most people think of a promotion, increased wages is the first thing that comes to mind. If you are going to take on extra responsibilities, you want to make sure that the compensation that you will be receiving is fair. Do your research and find out what other companies pay employees in similar positions. With proper knowledge and research you may be able to negotiate a higher pay raise.

Schedule Changes

In some cases, a promotion can equal a schedule change. You might need to think twice about accepting a promotion if it requires you to work evening shifts instead of day shifts. Ask your employer for details about the schedule for your new position, and make sure that the schedule meets your needs before you accept the promotion.

Job Stability

If the company is creating a new position for you, it is important to think about the future stability of that position. Is the position a temporary measure to get through a certain period or event or will the position be necessary well into the future? If the position is cut, will your old position still be available or will you be out of work? This is one of the many considerations to make before you’re promoted at work.

Time Commitment

Even if your basic work schedule will remain the same, a promotion could equal a larger time commitment. Your time is valuable, so you want to make sure that the extra money makes the additional time commitment worth it. Is overtime mandatory in your new position? Are you required to be available via phone or e-mail in the evenings and on the weekends? Will your vacation time remain the same? Getting answers to these and other questions can give you a clear understanding of the time commitment for your new position. Do the math and find out if the additional hours are worth the new salary.

Stress Level

More responsibility and money are exciting, but it is also important to make sure that the promotion will not affect your mental health in a negative manner. For instance, a promotion might mean that you are now working in an area that does not interest you or fit with your skills. A position like this might not be the best fit for you, even if it comes with more perks and increased compensation. You may also be responsible for more employees and be expected to ensure quality of all their work. If you aren’t a natural leader and can’t handle the stress of having to back such a big project, the promotion may not be the best choice for you.

When you are offered a promotion, do not be afraid to ask for some time to think about the offer. This gives you time to carefully consider each aspect of the new job and discuss the details with your family. Don’t be afraid to ask questions about the job requirements. The more knowledge you have, the easier it will be to decide whether or not the position is right for you.

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