Please check out this fantastic article by Yahoo Finance UK with our president, Matt Warzel, as a contributor – How to cope with being demoted at work☺️ Being promoted at work is a great feeling. You finally feel like your employers have recognized your efforts and there is a real sense of progress and achievement, which can be a huge confidence boost.
☹️ Conversely, being demoted can lead to low morale, self-esteem, and motivation. Unfortunately, being downgraded in terms of your job title, rank, and your responsibilities — often when companies “restructure” their staff — is not uncommon.
𝙎𝙤𝙢𝙚 𝙝𝙖𝙧𝙙 𝙛𝙖𝙘𝙩𝙨:
⚙️ 1 in 10 workers have been demoted at some point in their career
⚙️ 39% were due to poor performance
⚙️ 38% were due to an employee who failed to meet expectations following a promotion
⚙️ 52% of those who were demoted quit
⚙️ 47% got upset and lost interest in their work.
⚙️ 41% focused on excelling in their new role
What are your thoughts on demotions? Positive or negative? Drop a note here! And check the link👇👇👇
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