The Private Small Business Society is sponsored by:
The Private Small Business Society is sponsored by:
AVERAGE VS EXCEPTIONAL
Entry-Level to Junior/intermediate-level
Timeline: 1-2 years
Focus: Building foundational skills, understanding company processes, and contributing to team objectives.
Income Range:
Starting: $35,000 - $55,000 annually
After 1-2 years: $40,000 - $60,000 annually
Junior/Intermediate Level to Senior Level
Timeline: 2-4 years
Focus: Gaining specialized expertise, leading smaller projects, and beginning to mentor others.
Income Range:
Starting: $50,000 - $70,000 annually
After 2-4 years: $60,000 - $80,000 annually
Senior Level to Team Lead/Supervisory Role
Timeline: 3-5 years
Focus: Demonstrating leadership abilities, managing larger projects or teams, and contributing strategically to the company.
Income Range:
Starting: $70,000 - $90,000 annually
After 3-5 years: $80,000 - $100,000+ annually
Team Lead/Supervisory Role to Management Level
Timeline: 5-7 years
Focus: Overseeing multiple teams or departments, making significant strategic decisions, and having a substantial impact on business outcomes.
Income Range:
Starting: $90,000 - $110,000 annually
After 5-7 years: $100,000 - $130,000+ annually
Factors Influencing Progression
Performance: Consistently exceeding job expectations and delivering results.
Professional Development: Continuously upgrading skills and knowledge relevant to the role and industry.
Networking and Mentorship: Building relationships within the industry and seeking guidance from mentors.
Networking And Mentorship: Faster growth can lead to more rapid promotion opportunities.
Personal Initiative: Taking on additional responsibilities and showing potential for leadership.
Additional Considerations:
Location: Salaries and promotion timelines can vary significantly based on geographic location.
Industry Trends: Certain industries may have faster or slower progression rates.
Company Culture: Some companies may have a more aggressive promotion policy than others.
Remember, these are approximate timelines and income ranges and can vary. Individuals should also consider personal career goals, work-life balance, and job satisfaction when planning their career progression.
