Benefits of Making Lateral Career Moves

Making lateral career moves can lead to higher earnings and greater success in the future. Studies indicate that moving sideways in an organization can boost retention rates significantly more than pay raises. Employees who make lateral moves are not only more likely to be promoted but also experience higher wage growth throughout their careers. Furthermore, good management skills and lateral moves are interconnected, with successful managers often associated with more intra-company transfers, many of which are horizontal. This suggests that moving laterally can enhance an individual's career prospects in the long run.