Should Your Boss Promote You Now?
Image sourced by Amy Hirschi @amyhirschi
The other day, Frankie, one of our employees, Stormed into my office and Demanded a promotion.
I am very familiar with Frankie’s work quality and I have to say it’s very good.
But not quite at the level for the position one level up.
But truth be told, we gave him a nice raise last year and a promotion the year before.
What’s more, he joined our company Only four years ago.
Depending on your point of view, I’d say that we have treated Frankie very well if not fairly.
But here’s the thing. . .
Every company including ours has a job description and a set of criteria for promotion for each position (job level).
Last weekend as usual, I was reading Barron’s newspaper, which is an excellent newspaper if the stock market and investing are your thing. . .
Barron’s offers great information and in depth analysis about leading companies and the stock market.
They publish the weekly issue on Mondays and make it available on newsstands Saturday mornings.
Anyway, the recent issue talked about a change in CEOs at three of America’s leading companies: Wal-Mart, Berkshire Hathaway and Apple.
These companies’ Boards of Directors appointed:
John Furner to become CEO of Wal-Mart.
He was formerly President and CEO of Wal-Mart U.S.
Greg Abel to become President and CEO of Berkshire Hathaway, the conglomerate and investment powerhouse.
Where legendary investor Warren Buffett held the top seat from 1965 to New Year’s Eve 2025 – approximately 60 years.
Abel was formerly Vice Chairman of noninsurance operations; and,
John Ternus who is expected to take the helm at Apple.
When CEO Tim Cook moves on to new vistas.
John Ternus is currently Senior Vice President of Hardware Engineering.
If you’re like many Budget and Grow Rich® readers, including but not limited to Billy from Biloxi, you might be thinking that Arthur V. is a Pompous A$$ and wondering:
“Where’s he going with all this?”
And that could be a Fair Question!
The point is that these executives have Been with Their Companies for a Very Long Time – Decades Before they were promoted to Run the House and Lead the Charge:
John Furner: 33 years!
Greg Abel: 27 years; and,
John Ternus: 25 years!
That’s a Lot of Years! And in dog years, even more.
I think it’s Safe to Say that these executives know their craft; navigated a number of business cycles; had to overcome a bunch of challenges and obstacles; have been kicked in the teeth more than a few times; and have a super-deep understanding of and insight into their company, the culture, how the business works and how it works.
How about You?
Where do you stand?
Before you sign off and slam your browser shut, I must ‘fess up and tell you that when I was at Citibank, I had one particular assignment and well, it just wasn’t going right.
I wanted to earn more money and get promoted but if I want to be completely honest with myself (and with You), I did Not have the best attitude. My on-the-job performance was OK but nothing stellar. And. . .
If I look in the mirror and we want to be fair, most of the responsibility for my mediocre performance and iffy at best attitude was ON ME!
What’s Your story?
When I was a Vice President at Citibank years ago, I financed a number of aircraft for United Parcel Service (UPS). Historically, all the UPS executives started out at the company as truck drivers, delivering lots of packages. I think it’s safe to say that these people learned all about the company’s operations – logistics! They learned how things work, from the inside out; or perhaps more accurately, from the bottom up.
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If you want your boss to promote you, I ask you these 17 questions:
Is your on-the-job performance in sync with the job description, your job function, for the position you hold / the role you play?
In other words, are You doing your job?
Have you demonstrated the value you provide / deliver for your company?
What do you do that is above and beyond the standard fare?
What could you do that is above and beyond the standard fare?
Do you advocate for yourself?
What I mean by this is have you, in a courteous, professional and courteous way, explained to your supervisors the value you deliver for your organization?
Does your on-the-job performance sync with the job description of the position / level that’s one level up?
When you received your last performance review / performance appraisal, How did your supervisor rate you:
‘Below Expectations’?
‘As Expected’?
‘Above Expectations?’
To put this another way, if I asked your supervisor for a reference, what would they say?
During the year, did You ask your supervisor to meet with you so you could get feedback?
Maybe two or three times, formally – a formal meeting?
And maybe informally too.
What did you do with the feedback?
Did you consider modifying your performance and on-the-job activities and grow?
Have you demonstrated to your supervisor that you can handle the tasks required of the person who’s at the next level up?
Regarding question #10, how?
Are you responsible?
Can your Company Count on You to Deliver, Day In and Day Out?
Will you come through for them, consistently, time and time again?
What can You do to improve your on-the-job performance (and get promoted and make more money)?
What skills do you need to learn and/or enhance to improve your performance and production?
How can you add more value to your company?
How can you become the most valuable employee – top of the group?
Finishing my Citibank story (or part of it; for now. . .), WHEN I Woke Up; I Finally DECIDED to become an ‘A Player’; really engaged in my craft; and came to work, sprinting 100 miles per hour (MPH) Every Day, I soared to the top!
And You Can Too!
And by the way, it took me 14 Years to attain a senior leadership position.
As Zig Ziglar used to say, “See you at the Top.”
Start Your Journey Today!
Arthur VanDam, CPA MBA
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