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The Promotion Trap
You worked your tail off for that promotion. A few weeks in, you realize you hate your life. Good times!
This happens to more women than you'd think. This week I break down why so many women are quitting within months of getting promoted, and why the math never worked in the first place.
I walk you through what a "promotion" actually does to your hourly rate once you factor in the extra hours nobody warns you about. I get into the ADP research showing 29% of newly promoted workers quit within a month, and why the raise that came with your new title probably won't even stick around once stress spending kicks in.
I also share my own story. The ER visit. The FMLA leave. The system I should have walked away from years before it walked away from me.
Plus four things you can start doing right now, while you're still employed, to build your own exit ramp before your body forces the decision for you.
If a promotion is something you're facing, and something in your gut says wait, listen to this one before you say yes.
Sources:
ADP Research Institute, "The Business Impact of Promotions and Measuring Employee Motivation and Commitment" (2023)
LendingTree/PYMNTS Paycheck-to-Paycheck Survey (2023)
Journal of Consumer Research, Durante & Laran, "The Effect of Stress on Consumer Saving and Spending"
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BreakUpWithCorporate.com by Debbie Mitten, Business Mentor at Virtually Debbie.