Being promoted is exciting. After all, you’re taking the next step up on the career ladder, and are likely going to have some new job duties and some extra money in each paycheck.

But, transitioning into a new role always comes with challenges, and certain mistakes are especially common after receiving a promotion. If you want to prevent any missteps as you shift into your new position, here are some common mistakes and how to avoid them.

Abandoning All Your Old Duties

While your new role might not officially require you to complete some of the tasks you were handling before, it’s a mistake to assume you can drop your old job at the door. Often, it takes time to arrange coverage for your prior duties, particularly if the company still needs to hire or train your replacement, so be prepared to chip in to ensure everything gets handled.
With time, you’ll be able to do less of your old job and more of your new one. Sometimes, that transition happens quickly, but you should never assume that it happens the moment your updated job title goes into effect.

An Attitude Shift

It’s only natural to feel proud of yourself for landing a promotion, and a little boost in your level of confidence is to be expected. But, if that confidences shifts to arrogance, you may have a problem.

Being promoted doesn’t automatically mean you are the most important person on the team or in the company. Additionally, expecting people to applaud your every idea or move isn’t realistic. If you allow these thoughts to affect your personality, you might find your co-workers, team, or managers resenting you fairly quickly, and some may even regret promoting you in the first place.
Ultimately, it’s wise to check in with yourself regularly to see if your outward attitude or mannerisms have changed. If so, you need to figure out if the shift is positive or if it may be harming your reputation.

Lifestyle Inflation

Most promotions come with a pay raise. After all, the job is likely more challenging, so it’s common for your salary to increase in compensation.

While taking some of your additional money and treating yourself to something small can actually be an excellent reward for your hard work, allowing it to change your lifestyle can hurt you financially. Before you go on a spending spree, consider how you can make that extra income work for you.

For example, have you maxed out your retirement plan? Is there debt you could be paying off? Do you have a suitable amount of emergency savings?

By making smart choices with your extra money, you can position yourself for greater financial success. Yes, it can be hard to fight against lifestyle inflation, but it is worth the effort.

If you are interested in learning more or landing a promotion, the experienced professionals at CPS Recruitment can help. Contact us to speak with one of our knowledgeable staff members today and see how our expertise can benefit you.