At its core, a lateral jump is when a person moves from one job to another within the same industry but with a different company. It can also refer to a person moving from one job to a completely different industry or field. Lateral jumps are different from promotions, which refer to a person moving up within an organization or industry.
Why Do People Make Lateral Jumps?
People make lateral jumps for a variety of reasons. Some people may feel that their current job is not challenging or fulfilling enough. Others may be looking for a change of pace or a fresh start. Still others may be looking for a higher salary or better benefits. For some, it is simply a way to expand their skill set and gain experience in a new field.
What Are the Benefits of Making a Lateral Jump?
Making a lateral jump can be beneficial in a number of ways. It can open up new opportunities, such as a higher salary or better benefits. It also allows you to gain experience in a new field, which can be valuable when looking to move up in the future. Additionally, it can provide a much-needed change of pace and a chance to explore new interests and skills.
What Are the Risks of Making a Lateral Jump?
Making a lateral jump can be a risky move, as there is no guarantee of success in a new job or field. Additionally, it can be difficult to transition from one industry to another, as you may need to learn new skills or gain experience in the new field. Additionally, there may be a decrease in salary or benefits in the new job, so it is important to consider these factors carefully before making a lateral jump.
What Should You Consider Before Making a Lateral Jump?
Before making a lateral jump, it is important to consider a number of factors. First, it is important to be sure that you have the necessary skills and experience for the new job or field. It is also important to research the new job and company thoroughly and make sure that it is a good fit for you. Additionally, it is important to consider the potential salary and benefits of the new job and ensure that it meets your financial needs.
How Can You Make a Successful Lateral Jump?
Making a successful lateral jump requires careful planning and preparation. It is important to research the new job thoroughly and ensure that you have the necessary skills and experience. It is also important to create a strong resume and cover letter that highlight your experience and skills. Additionally, it is important to network within the industry to make connections and build relationships that can help you in the transition.