Career Growth

08/11/2021 read 1 min(s) Category:
HR GLOSSARY

Career growth is a job or financial change in an employee’s career based on professional and personal qualities.

Career Growth Types

There are three types of career advancement: horizontal, vertical, and diagonal. Each of them has its pros & cons.

Vertical

It’s a career growth within one company. For example, an employee signs up as a Junior Development, and eventually becomes Middle, and then Senior, etc. This type of career advancement has advantages and disadvantages. 

Strengths of vertical career growth:

  1. Success;
  2. Satisfying ambitions;
  3. High payment;
  4. Great opportunities;
  5. Useful contacts.

Weaknesses of vertical career growth:

  1. Great responsibility;
  2. Busy schedule;
  3. Irregular working hours;
  4. More administrative tasks;
  5. Tensions with employees.

Diagonal

Diagonal career growth is the transfer of a specialist to a new company with a position higher than at the previous work place.

Strength of diagonal career growth:

  1. Dynamism;
  2. New acquaintances;
  3. Pay rise.

Weaknesses of diagonal career growth:

  1. Bad reputation as an irregular worker;
  2. Infusion into a new team;
  3. Lack of competence if a person climbs up the career ladder too quickly.

Horizontal

It is the transfer to a new company for the same position with a pay rise. Another interpretation of the term “horizontal career growth” is deepening competencies and expanding responsibility within one position.

Strength of diagonal career growth:

  1. Pay rise
  2. Professional development
  3. Less area of responsibility than vertical growth.

Career Growth and Professional Development: What’s the Difference?

Career growth, in most cases, is impossible without professional development is the personal improvement in line of work, acquiring new skills, and work experience that can help achieve a career goal.

Together, growth and development form the backbone of a successful career plan that brings satisfaction and good rewards.

You can find more details in the article “Professional Development”.

You may also like
Stay on top of everything!
Stay up to date with all the news and promotions with PeopleForce. Just enter your mail and click the "subscribe" button.
Stay on top of everything!
Stay up to date with all the news and promotions with PeopleForce. Just enter your mail and click the "subscribe" button.
Stay on top of everything!
Stay up to date with all the news and promotions with PeopleForce. Just enter your mail and click the "subscribe" button.