Lateral Move | Meaning and Definition
What is lateral move?
A lateral move in the workplace is described as a transfer to a different position with essentially the same title, compensation, and responsibilities, either inside your present organization or to a new one. Either the employer or the employee can start the process of a lateral job transfer.
A lateral movement can be an important aspect of a long-term professional plan. If your present job security is in jeopardy owing to layoffs, a lateral move to another department might preserve your employment. If your present job is too stressful or your co-workers are overly competitive, you may want to consider a lateral transfer. A lateral job transfer may help you achieve the work-life balance you desire.
Advantages Of Lateral Movement
Employees who make a lateral shift might advance their careers by receiving more training and gaining new experiences or responsibilities. It might assist the person in overcoming dullness and discontent with their former employment.
The new position’s requirements present a fresh challenge and will compel the employee to continue their professional development. They may get knowledge of many aspects of the business as well as how work is completed in various departments or job roles. Because of their past experience, they may be able to provide new insight into how things are done.