IT Firms & Career Promotion
IT firms are in hire-or-poach mode resulting in sky-high salaries. This is the best time to ask for the promotion you’ve been eying.
IT sector is hit by shortage of skilled workforce which has led to a talent war. IT firms are in hire-or-poach mode resulting in sky-high salaries with several tapping even non-engineering grads to bridge the skills gap. This is the best time for you to ask for a promotion. Putting yourself out there to higher-ups can be intimidating, and competition can be fierce, especially in the current economic climate. And, of course, what if they say no?
But it’s also one of the most important things you can do for your career. If you want to move forward in your company or field, promotions are part of the game, and they won’t just be handed to you, you have to work (and ask!) for them.
Here’s what to know before the big conversation:
1. Do your homework
The most important part of asking for a promotion is preparing ahead of time. When you make the ask, you’ll need to prove that you’re ready for the next step.
You have to emphasize to your manager what you’ve brought to the table so far. Make a list of all of your accomplishments to use as your talking points. Doing a great job in your position isn’t enough to make your case, you’ll need to show that you’ve gone above and beyond.
2. Identify the position you want
Identify the specific position you want, and why you’re ready to take it on. If you’re asking to become assistant manager, know what that entails and then demonstrate that you’ll be able to fulfill the position. If you want to be a team leader- give examples of how you’ve successfully managed smaller projects or groups of people, like coordinating your department’s internship program. Find concrete examples that prove that you’re the right person for the job
3. Plan the timing
There’s no “perfect” time to ask for a promotion, but sometimes are definitely better than others. However the current talent war in the IT industry serves as a great groundwork to set a good timing. Companies are struggling with high attrition rate, even TCS, Infosys and Wipro are not spared.
Smart employers understand that their employees are one of their most valuable assets, and they’ll want to retain (and reward) the best of them.
4. Ask for the meeting
Before you approach your manager, send an email requesting a meeting, and make it clear that you’d like to discuss your performance and potential. You don’t want to show up to a meeting and catch your manager off guard. By giving him/her advance notice, they’ll have time to reflect on your performance and what the company will be able to offer you, position- and raise-wise.
5. Know your numbers
One of the biggest career mistakes we make is not negotiating the salary. Though you shouldn’t discuss numbers until you’ve actually been offered a promotion, but you should be prepared to have the conversation if it arises. Do your research and know what you’re worth, both within the company and outside of it. Then, when negotiation talks begin, don’t sell yourself short. It doesn’t hurt to ask for too much.
6. Follow up
If you get the promotion, great! Go out and celebrate – you deserve it! But if not, know that it’s not the end of the world, and more importantly, don’t just close the conversation just yet.
Make sure you leave the meeting with an idea of what will happen down the road. If now is not a good time for the department to be offering promotions, ask your boss when you can revisit the conversation. If he or she said no based on your current qualifications, get feedback on steps you can take to gain experience and be considered for a promotion in the future.
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