The One Move That Makes for Career Magic

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Jerry,
Your willingness to regroup and to acknowledge that there are still lots of things to learn is wise. Too many people operate with the idea that once they get promoted they'll show the employer what they're capable of. They really should reverse that and show why they are worthy of promotion.
You are still in the early stages of your career. It is not unusual for organizations to deny a promotion at one point while keeping the person in mind for a future one. They also like to see how people handle setbacks. The person who remains positive and fully involved can score many points.
By taking a few steps back and also engaging in some activities that are not tightly career-related - exercise being one of the best but art, volunteer work, and similar activities can also help - you can gain perspectives that would otherwise be hidden.
Good luck!

Michael Wade of AZ 10:29AM August 15, 2008

I'm reevaluating my priorities and career objectives since I was denied a significant raise and promotion a couple months ago at my performance review. So, after being moody for a month, I am going to figure out a way to make them give me what I want. A lateral move would not be an option at this point as I've been here for 2 yrs and there is lots to learn still, and this is my second job since I graduated 5 years ago at age 24.

Jerry of TN 3:07PM August 14, 2008