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Sundae
Dec 1, 2005
I'd like to add one quick "looking forward" suggestion:

Make sure to compare the numbers of promotions to external hirings at the rank you want to progress to in your company. Depending on your company, what you want may simply not happen. If your company institutes ratios at each level or mandatory years-in-position prior to promotions, you may very well lose ground by staying.

Examples of how this can happen:

#1 - "Market competitive" salaries to fresh hires, but annual raises / promotion raises that don't keep up with fresh market rate once you're there.
#2 - Staff 'pyramid' ratios mandating certain relative quantities at each rank, possibly blocking you from moving up. (You want to get to Rank 4 from Rank 2, but there are a glut of Rank 3 people already, so we have to not promote you until some of them retire / quit / move up themselves in order to keep from falling even further outside HR policy.)
#3 - Company mergers & acquisitions or general willingness to hire external experts to higher positions getting priority over promotions.
#4 - Rank 1 employee wants to get to Rank 4, but has a 5-years-in-rank requirement per promotion, minimum, for a position that requires 10 years experience. (15 years of service minimum versus an external hire needing only ten).
#5 - Glass ceilings by degree/promotion quantity that don't apply to external hires. (Never get there without a PhD internally, but we'll hire a M.S + 10 to do it externally, for example.)

I am not saying that the only way to move up ever is to jump ship, but sadly, in some companies this is true. Evaluate what your company actually does versus what it says it does to determine your chances of getting where you want to be.

If you've got a ton of new faces in your organization for mid-career ranks and very few promotions, your odds are not good. If, on the other hand, your company hates to hire externally and loves to promote from the base ranks, maybe you've got a shot. Just make sure you know where you stand.

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Sundae
Dec 1, 2005
Also, make sure your buddy is being realistic on the 40-hours thing. Plenty of places say "oh, it's maybe 40-50 hours except during those rare rush times" and then slam you with salaried-exempt and 70+ forever because every time is rush time.

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