30/09/2024
Andrew has been a Senior Accountant for the last 5 years, reporting directly to the Head of Finance. Based on the company structure, he realizes he won’t move up unless the Head of Finance resigns. He’s applied for external opportunities but hasn’t found the kind of roles or organizations that align with his career goals.
To make matters worse, his salary has been stagnant for years, with only a 2% annual inflation adjustment. Despite this, Andrew has to stay motivated because if he doesn’t, it will affect his performance.
During a mentorship session, we discussed his job search strategy and how to stay motivated when there’s no promotion or salary increase in sight.
Let’s be honest—there comes a time in your career when getting a promotion or a pay raise is difficult, especially in middle-level positions.
Companies are cutting costs, and the job market is more competitive than ever.
But here’s the challenge: even without a promotion or raise, you’re still expected to give your best. Delivering great results is crucial because, let’s face it, companies can always find someone else if you’re not performing. So, how do you stay motivated when you feel stuck with low pay and no growth?
Here are a few tips I shared with him:
👉 Focus on the Bigger Picture: Even if immediate growth isn’t happening, think long-term. The skills and experience you’re gaining now will help you grow in the future. Andrew’s goal is to become a Head of Finance in the next 5 years. He can start building those skills now by observing his supervisor, volunteering for higher-level tasks, or pursuing external certifications or leadership courses to boost his credentials.
👉 Find Purpose in Your Work: Beyond the paycheck, remember your why. Why did you choose this job in the first place? Is it the passion for your field, the company’s mission, or the impact you’re making? For me, working at an organization that supported vulnerable children gave me purpose, even when salary growth was slow. That sense of purpose kept me motivated.
👉 Pursue a Passion Outside of Work: One of my mentors, a senior executive, told me that if you’re only motivated by promotions and pay raises, there will come a time when those things don’t happen as quickly as you’d like. To stay energized, find something outside of work that brings fulfillment. It could be a hobby, community work, or a passion project. Personally, mentorship and coaching give me a sense of satisfaction that complements my day job.
Staying motivated isn’t just about waiting for a promotion or raise. It’s about finding meaning in your work, growing where you are, and diversifying your sources of fulfillment.
How do you stay motivated when you feel stuck? Share your thoughts in the comments below!