From what I've noticed, knowing the right people seems to count for more than doing great work when it comes to promotions. And after all that effort, you might get a small raise and still end up on the layoff list.
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I’ve been here a long time. It’s usually the way it goes. Build and expand your internal relationships and network. The tactic that was most successful for me was signing up for projects that put me in a better position to later leverage the relationships made while I was on the project or initiative. How and when you show up matters just as much as the quality of work. It’s hard if you’re an introvert, but make sure others see and know your accomplishments and capabilities.
I work in HR. We’ve had plenty of questionable promotions. Whomever has the prettiest LinkedIn posts get promoted. “Branding” 🤦♀️
Most of the growth problems and business line challenges at Elavon/MPS can be directly attributable to putting the wrong people in roles they cannot perform, do not have the background or experience for and you wonder why Elavon is staring at 2 percent year over year growth (maybe), in payments false favorites fail, envied experience excels.
Is it worth what? You'll always move up faster and get greater increases by changing jobs (internally or externally) compared to waiting for an inline promotion. External has the greatest potential increase, but it's also the biggest risk of the unknown. None of this is unique to USB... this is just how corporate jobs work.
Yes if you move up salary grades you can get more severance and a larger bonus when you are laid off.