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They reached the top faster and fewer jobs along the way.
Executives are moving up faster than they did once. Today's career ladder seems to have fewer rungs, this trend is consistent with the wire spread perception that corporate hierarchies and flattening. The percentages of the top and middle position declined, while the percentage in lower position expanded substantially.
One of significant reasons is executives are much more likely to be promoted in the firms with high growth rates than stagnating companies. And younger firms offer faster advancement, perhaps because of their tendency to have flatter hierarchies but those opportunities come with uncertainty of your career derailed by reorganization...
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