Chance events may have a greater impact on career trajectories than we think
Career success isn’t just about how hard you work or how smart you are. Professional trajectories are influenced by many factors: from people’s lifelong skills and experiences to structural elements such as demographic backgrounds and macroeconomic conditions (e.g. the life-cycle phase of an industry or company).
Prior research has examined the effects of these broad and relatively stable factors on career progression. Research has even been done on “career shocks”, that is major upheavals in a company or industry such as unexpected financial crises and tragic accidents. However, careers today rely on a number of key local resources and/or events for people to progress and develop their identities and confidence. Do these proximate factors have the power to substantially alter career paths – for better or worse?
Roxana Barbulescu, Claudia Jonczyk Sédès, Ben Bensaou and I set out to investigate how proximate chance events influence people’s outlook regarding their professions. Careers are shaped not only by major transitions, but also incrementally over the course of regular work. Therefore, knowing when and how proximate chance events matter can advance our understanding of career sensemaking and the extent to which luck plays a role in it.
For our study, we zoned in on workers in professional services firms (PSFs). Here, careers follow an orderly “up-or-out” model of progression, where those who don’t continue ascending the ranks towards partnership are expected to leave the organisation altogether.
[This article is republished courtesy of INSEAD Knowledge, the portal to the latest business insights and views of The Business School of the World. Copyright INSEAD 2024]