Most people seek career advancement. Moving up the ladder gives you additional opportunities, greater autonomy, more chances to think strategically, a higher level of prestige, and (of course) a bigger paycheck. And at some point, you’re going to feel like it is time for you to get that promotion. So, how do you know whether it is the right time to really push for it?
Finding the right timing requires being aware both of your own capacities and the current situation in your organization. The stars have to align for you to be successful in your efforts. Here are three things to consider.
1. Are you ready?
If you’re going to really push for a promotion (and not just hope for one), you have to do your best to be ready to take it on. You’ll never be completely ready for a new position, of course. There are always things you must learn along the way in order to succeed. But, you do want to ensure you have the bases covered.
Operational excellence at your current role is an important signal to leadership in your organization that you are a candidate for a promotion, but it isn’t enough. The higher you rise in an organization, the more that your job is likely to involve strategic insight rather than operational excellence. The capacity to think strategically is not the same as the ability to get things done. So, you have to ensure you have had practice with strategic engagements.
In addition, many promotions involve additional managerial responsibilities (though this is not always the case). Managing others requires a number of additional skills including the ability to provide mentorship to those who work for you as well as the ability to give clear and constructive criticism.
Before pushing hard for a promotion, find out what mix of capabilities it will require. Ask others who have had that role what it entails. If there are obvious gaps in your skills, work to fill them before you push hard to get promoted. You don’t want to get a reputation for asking to be promoted into positions that you are clearly not qualified for.
2. Are the economics right?
Even if you’re completely ready for a promotion, the universe may be conspiring against you. Right now, for example, many industries are experiencing an economic downturn. If your firm is in the mode of cutting costs, then this is probably a bad time to be angling for a role that will pay you substantially more money. Indeed, lots of organizations enter rough patches by thinning the managerial ranks.
