In a rapidly changing work environment, it is crucial for employees to ensure that their accomplishments are recognized in order to advance in their careers. A recent study has revealed that individuals aged 35 to 44 are more informed about promotions compared to younger individuals aged 18 to 24, with men being more confident in their understanding of how promotions work compared to women. Lack of clarity on progression paths can negatively impact staff tenure and employee engagement, prompting businesses to focus on increasing the impact of their endeavors to drive productivity and employee retention in 2024.
According to Gallup, when recognition and career advancement align, employees are four times more likely to be engaged, underscoring the importance of aligning career progression with individual achievements. Kenzy Goodwin, Managing Partner at Finceler8 Limited and Chair of ‘100WFintech’, advises individuals to take ownership of their career plans and set specific milestones to track progress. Identifying the skills required to reach desired positions and aligning personal priorities with those of the organization are key strategies for career growth.
Cecil Adjalo, Co-Founder and COO at Foundervine, emphasizes the need to go above and beyond great work, as it is merely a baseline requirement for promotion. He suggests collecting evidence of achievements and seeking testimonials from colleagues to advocate for oneself. Tina Shata, a Senior IT Analyst at TD Securities, stresses the importance of networking to increase visibility and have the right people support one’s promotion and progression within an organization.
Laura Rofe, Director of EMEA Account Management at Thunes, highlights the significance of continuous learning through feedback in achieving career progression. By giving and receiving feedback from peers, individuals can identify areas for improvement and demonstrate dedication to personal growth. These examples underscore that recognition is a fundamental aspect of career advancement, with an emphasis on evidencing achievements, leveraging networking opportunities, and seeking feedback to propel one’s career trajectory forward.
As the year progresses, embracing these principles shared by fintech leaders can enhance one’s chances for success and career growth. By proactively seeking opportunities to showcase achievements, expanding networks, and seeking feedback for personal development, individuals can position themselves for advancement and increased recognition within their organizations. Ultimately, the focus on recognition and progression will be a defining factor in navigating the evolving work landscape in 2024 and beyond.
