Accepting a new position that is on par with your existing work in terms of level or compensation is referred to as making a lateral move in your career. A lateral move does not exclude you from gaining new experiences or developing new talents, however, you won’t get promoted as a result. Here are some benefits of lateral moves described below,
Cultural development
It’s possible that you just joined a company. As you get used to the position, you might realize that the leadership style and/or culture of your current firm are not right for you. Consider making a lateral career move into a similar function at a different organization.
Gaining new skills
Movement in your career can give you the chance to gain new skills and knowledge. A potential employer will value you more if your skill set is more diverse.
Improved work-life balance
If you’re overworked, worn out, and ready for a significant change, a lateral shift could offer flexibility or mental and emotional room. Your ability to balance your personal and professional lives may be enhanced by it. If you discover that you are sacrificing family time for your career, a lateral transfer may allow you to reallocate your time in ways that are important to you.
Become more marketable
Making lateral moves will make you stand out to potential employers. It’s easy for job seekers to claim in a cover letter that they can accomplish X, Y, and Z, but with a lateral shift under your belt, you have actual proof to support it in an interview and, more importantly, on the job.