JupiterJones wrote:I haven't so far, because I've still managed to maintain a good work/life balance in all my positions. But I am now at the point where the next promotion would probably make me ask the same questions you're asking, so I get where you're coming from.
I guess the thing I'd consider is the degree to which I, as a manager, would have the power to reshape the position to be more suitable to me. Would I be able to get those morning meetings changed (or reduced/eliminated)? Could I delegate responsibilities more than my predecessor? Are there efficiencies to be found that are currently being missed or ignored?
Sometimes a job seems like a Type-A insane asylum not so much because that's inherent to the position itself, but because it's brought to that job by preferred work style of the person currently holding it.
JJ
Wannaretireearly wrote:I'm interested to know whether any of y'all have ever regretted a promotion.
If you have, please share the promoted position and the old position & reasons for regret.
I'm a Program/Project manager with a relatively good work/life balance. I see the next steps up towards Sr. Manager/Director as a cluster with daily early meetings (7am/8am), wide responsibilities & generally too much work to actually ever feel 'above water'.
Anyway, interested in knowing the experiences of fellow Bogleheads. Especially as our community here seems mostly made up of non-type A's.
Cheers.
Oh, and no weekends at my current position either.stan1 wrote:I think it would be a mistake to say that we aren't Type A's here. We probably have more than our share of introverts, but I suspect we have quite a few introverts who are very passionate about our work (as we are about investing).
I advise my direct reports, formal mentees, and informal mentees to strongly consider lateral opportunities as well as upward opportunities. Human beings flourish when we are learning new things and are mentally challenged. I've seen many very smart, capable people get in a rut because they have stopped growing in their careers. If you don't feel the passion for the more senior job you shouldn't take it, but at the same time you should make sure that you continue to learn and remain mentally challenged in your professional career.
pennstater2005 wrote:Agree, especially about staying challenged in your career. I have the ability to take continuing education courses and receive certifications in areas of specialized skills.
stan1 wrote:I think it would be a mistake to say that we aren't Type A's here. We probably have more than our share of introverts, but I suspect we have quite a few introverts who are very passionate about our work (as we are about investing).
I advise my direct reports, formal mentees, and informal mentees to strongly consider lateral opportunities as well as upward opportunities. Human beings flourish when we are learning new things and are mentally challenged. I've seen many very smart, capable people get in a rut because they have stopped growing in their careers. If you don't feel the passion for the more senior job you shouldn't take it, but at the same time you should make sure that you continue to learn and remain mentally challenged in your professional career.
Alskar wrote:I have definitely regretted a promotion. Several years ago I was working for a well known photonics company. I had only been there about 18 months when I was asked if I wanted to be promoted from my position as a Staff Electrical Engineer (Staff Engineer was more senior than Principal Engineer at that company) to the manager of the Electrical Engineering and Software (EE & SW). I was offered an 8% raise in salary and the potential for another 20% in management bonus to compensate me for the additional responsibility. I readily accepted the new position without asking enough questions.
As it turns out, the new position was a so-called "working management" position. That is, I kept my individual contributor responsibilities in addition to my new management responsibilities. Good engineering requires huge expanses of uninterrupted time. Good management requires an open door and a lot of walking around to check on the troupes. So in my experience, a "working management" position is a guaranteed failure. One of three things can happen: 1) You focus on your engineering work and you're perceived to be a terrible manager; 2) you focus on your management work and you're perceived to be a terrible engineer; or 3) you manage by day and engineer by night spending endless hours at work and eventually hate life to the very depths of your soul. I chose #3 and ended up hating life to the very depths of my soul.
My situation was made worse by the fact that the manager that promoted me wouldn't give me hire and fire authority. He felt I was too green to have those responsibilities. During the early months of my new position, my employer acquired a competitor and went about assimilating them. Turns out that the competitors engineers didn't want to be assimilated so they quit. I ended up having to hire about six new engineers in about 6 weeks. That led to some extremely bad hiring decisions. One new-hire turned out to be a sociopath. His references said as much when I called them, but my manager said "He meets the minimum requirements for the job, hire him and move on". So I hired him. I then spent the next 18 months managing this one guy by day and doing my engineering by night. This problem employee was on and off PIP's (Performance Improvement Plans) every few months. The corporate attorney's wouldn't let me fire him for fear of a lawsuit. Eventually he filed a "hostile workplace" complaint against me because I was "riding his behind all day".
Meanwhile the economy was going into freefall (this was mid-2008 through 2009). That meant mandatory time off without pay. The management bonus hardly paid out. My pay was cut 15% by the mandatory time off. So as a result, I was making LESS money than I had made when I was "just an engineer".
There is simply not enough money on the face of the earth for me to put up with that kind of crap all day. When I gave notice they offered me increasingly large sums of money, and a demotion back to being an individual contributor if I would stay. Eventually they offered me a $30K a year raise to stay. I'd had enough and I left.
Everybody is different, so I can't tell you what you should do. However, if you don't enjoy clusters and daily early meetings, and feeling overwhelmed, I recommend that you don't move up. If you do take the position, make sure that the financial remunerations are worth the loss of work/life balance and stress.
To answer your questions directly: I was promoted from Staff Electrical Engineer to Sr. Manager of EE & SW. I regretted the loss of my free time, my equanimity, and my sense of competence. I may take another management position in the future, but I will not accept another working manager position. That's a guarantee of failure.
Hope that helps!
VictoriaF wrote:I doubt many people have regretted promotions along the professional/technical ladder. Most concerns I am familiar with are about transitions from being a top performing engineer to becoming a supervisor. Frequently, there is a distinction between being a team lead, a technical role, and being a supervisor, a managerial role. A supervisor gets dragged down into numerous planning, reporting, financial, personnel, and other issues that have little to do with his technical expertise. And the open-door policy is a menace for those who like to think. ...

Sam I Am wrote:I worked for a large company, and never stayed in the same management position for more than a couple of years.
I thrived on going into a brand new job and learning new things. The further away from my present job the better. Some were lateral moves, and some were promotions, probably about the same number of each.
I was fortunate enough that upper management allowed my frequent moves, sometimes over the objections of my immediate manager.
What I found was I had energy to improve things, as often a new set of outside eyes could do. But after things were running to my satisfaction, I tended to get bored. Bored employees aren't good, and I knew myself well enough to start making preparations to move on before I started declining.
Honestly I don't think I would have had the same opportunities in a large company today, most likely my changes of scenery would have had to have been through seeking a job with another company.
Company changing wasn't the norm for most in my generation, but it certainly is for my daughters' generation. My oldest is in the business world and is on her third great job, and she is only 33 years old. Each job she has held was found on monster.com. Each job gets her higher up on the food chain. She has worked for a defense contractor, a soft-drink company, and now works for a large European company. I honestly didn't think such outstanding jobs could be found on a site like monster.com, but she sure has found some great ones. My fear is she might have to do a stint in Europe, and I would really miss my grandkids, but it would give her career a boost, I imagine.
Wannaretireearly wrote:Thanks. That does help. I fear the same as what you experienced. I've been told I would be 'in-line' for a promotion next year. However, I know that the pay increase would be small or none, as I'm already at the same salary grade as a manager. The bonus would likely be 5 or 10% larger, but that is the only real remuneration upside.
burt wrote:Yes, I have regretted a promotion.
Got a promotion with only a bonus, no pay raise. Now being measured against higher level performers. Your ratings against peers has to go down.
There is a big salary overlap between pay grades.
Be careful.
burt
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