Progressing in your chosen profession is an important aspect for individuals who want to pursue a long term, successful and rewarding career. However, moving up the ranks in a company, or moving from one organization to another in order to achieve promotion, can be a difficult, stressful, and long process. Essentially, securing a management or executive level job will require research, time and effort to be put in by the candidate. Without knowledge of the tasks and responsibilities, you will be expected to hold as a manager, it is unlikely that you will impress in an interview nor secure a management level job.
Individuals who have the experience and capability to progress to a management level position should be aware of both the pros and cons of maintain this type of high-level position. Here we provide a brief insight into some of the most notable benefits and disadvantages of management jobs.
Gain more experience
Managers not only gain experience in a high level position which involves making important decisions, but they also gain experience as being a manager over a group of other employees. This will enable them to develop their leadership and management skills and prepare them for future managerial roles.
Oftentimes, managers are placed in charge of setting and meeting deadlines, departmental budgets and other key decisions that will ultimately direct the growth of their relevant division.
Managers benefit from attractive salary packages, benefits, bonuses and other incentives due to the increased workload, responsibilities, and level of stress sustained by those in high level jobs.
Opportunity to network
As a manager, it is likely you will be more involved in dealing with clients or other key industry professionals, which in turn mean you will have greater access to networking opportunities. The key to career development is networking, and as such, management level jobs will stand you in a good position to connect with important and influential professionals.
With responsibility comes more work, and with a larger workload comes longer working hours. This is one of the main pitfalls of holding a managerial level position. Depending on your area of expertise or industry, longer hours may not be an issue, but for many executive/managerial jobs, working out of office hours is an expectation.
A knock on effect of working longer hours and holding more responsibility results in heightened stress levels for managers. Oftentimes, managers fall victim to workplace stress and high blood pressure due to the ongoing burden of responsibility and pressure at work.
As a manager, you are essentially responsible for the outcome and productivity of your division/department. This means that when deadlines are not met, or work is not produced, the blame is ultimately on your head. The pressure to ensure that all work is completed to the highest of standards and in the shortest period is subsequently huge.
Managers are tasked with making tough decisions, both in terms of employees and business decisions. Managers ultimately have the scope to hire and fire, reprimand and reward, and build their team as they see more productive. Managers also have to make important business decisions that affect their department/division, which in turn may affect the overall profitability of the company.
Overall, securing a management level position is a rewarding and naturally progressive step for experienced professionals to make. Like with all employment positions, there will be pros and cons to each job, however the ability to handle the negatives with the positives is ultimately dependent on the personality and drive of the manager.