Career growth is a very important factor for the tenure of an employee. Often, companies provide adequate chances for career growth, but there are times where the prospect of career growth is limited or non-existent. So, this leaves the question, should you stay or go?
Let's assess the situation. A company that has limited or no career growth means that you will be stuck in the same position with a slight increase to your pay each year and likely one promotion (if any) in your lifetime with them. This is not ideal because no one wants to be stuck in the same level for 10 years and barely have anything to show for it.
Limited career growth also limits your chances of career development because you'll be stuck doing the same thing year in, year out. You won't be able to harness or enhance your skills, leaving you almost no different to when you started.
The mundane and routine nature of a company that has almost no career growth will eventually run out challenges for you to overcome causing you to get bored and start slacking in what you do.
Now, if you're fine with these things then of course you should stay on in that company because it works well for you. But if none of these stand well with you, maybe it's time to talk to your manager. If that leads nowhere you've got a clearcut answer as to what you have to do.
Minimum pay raise or only 1 promotion
Career development comes to a stop
Mundane and routine work will get boring and you'll start slacking
