What Is the Meaning Of Lateral Move & Its Importance
5-6 minutes read
The expression ''lateral move'' actually means a change in professions or, more docile, the movement into another job where the quantum of clear exchange of title, compensation, or level is fewer.
An instance of a lateral move would be an internal change of position between a department that maintains the job level and the salary level.
For instance, if a person among the marketing team and is working as a content writer becomes a part of the public relations department as a communications specialist within the same company, now this type of move will be considered a lateral move.
For instance, a lateral move would be comparatively much easier to pull off than taking a promotion. Plus, it can help individuals acquire some new skills and open the gate for taking opportunities, not only right now but for their future roles.
But that won''t be a complete answer. If you see, then a lateral move can also be a little risky for your career as with this move, you''ll receive the exact same title and salary, yet, you''ll have to start from scratch for raises and promotions.
Still, many people opt for it and there are many reasons why they do so.
And the main reason for a lot of lateral moves, Cultivated Culture founder Austin Belcak said, is this: ""Finally, they come to the realization that they''re on a path that isn''t the one for them.""
""That can be for a variety of reasons, but typically what it comes down to is value-based, passion-based, financially, or a combination,"" Belcak said. ""Typically, somebody who''s going to forego a vertical leap has realized that they need to explore something else, and they already have a clear idea of what that something else is.""
Most people also opt for a lateral move when they feel they have reached the final ceiling of their present job; for example, if you are directly reporting to the CEO at the age of 32, you may consider opting for a lateral move.
A lateral move, already discussed, is when one is moving within the same company, same team or department, from their current role to another in a new role with the same salary where the level and position remain the same.
On the other hand, a vertical move—as the name suggests—is when you''re trying to climb the corporate ladder and you keep moving with promotion after promotion, or you keep applying for a senior role and eventually reach the C-executive level or other levels considered above.
There are plenty of risks involved in a lateral movement.
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