COPING WITH a demotion can be tough. But before you decide to throw in the towel, step back and widen your perspective, suggests Shreya Biswas.
1 Figure Out Why Figure out what prompted the move – your performance, the market or the company’s change of strategy, says K Sudarshan, managing partner, EMA Partners International.
2 Easy Does it A demotion can lead to salary cuts, a smaller role, reporting to a subordinate or all of these. “If it’s just a salary cut, it might be the result of market dynamics and there is no reason for you to panic,” says Sudarshan.
3 Take a Closer Look It may be that the company has failed to perform in certain geographies and wants to focus on those that are strengthening its topline and bottomline. “However, if it has been at the back of a bad performance from you, you should be alert,” says Rituparna Chakraborty, senior VP and co-founder, TeamLease Services.
4 Look for Options If you have been demoted with a salary cut and a smaller role, and your subordinate has been promoted to be your boss, the signs are loud and clear. “The only option is to start looking for another job unless you are ready to bear the humiliation,” says Sudarshan.
5 Be Discreet Be careful about your search, to the extent you can. Else it might become apparent to people, post the demotion, that the organisation wants you out.
(The Economic Times, Mumbai, 26-10-2012)
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