About 1 in 4 professionals is stuck in a mid-career stall, study finds
Summary
A new study found that about one in four white-collar workers have not had a promotion or significant raise for at least five years, a situation called a "mid-career stall." This stall can lead to losing tens of thousands of dollars in wages and missing out on important career opportunities.Key Facts
- The study tracked 1.3 million mid-career professionals over 25 years.
- A "mid-career stall" means no promotion or meaningful pay raise for five years or more.
- About 24.2% of mid-career workers are stalled in their jobs.
- Mid-career is roughly 10 to 15 years after starting work.
- Software developers who are stalled lose an average of $43,000 over 15 years.
- Different industries have different stall rates, from 20.7% in IT to 30.2% in public administration.
- Flatter company structures reduce chances for promotions compared to the past.
- Workers should improve skills like leadership and communication to move forward.
- Employers miss out on talent when workers do not advance.
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