Last year my company had a round of lay-offs and my group was restructured. I was informed that my position had been eliminated, and that I would be laid off unless I secured another position. A position was posted that was identical to my prior position with the following exceptions:
A) In my prior position I reported to a director. The new position reported to a newly created senior manager position, who in turn reported to the director.
B) The new position was one pay grade lower than my prior position.
I interviewed for the position, was made an offer, and accepted.
My question is: Should I include this demotion on resumes that I send to external companies?
Here are some more details:
- My title changed from Manager III Financial Analysis to Manager II Financial Analysis
- My pay did not change
- My direct reports did not change
- Although my responsibilities have not changed, the group dynamic has changed since I am now one level removed from the director. I get fewer of the tough ad-hoc issues that come up, since my new supervisor gives some of these to other members of the team.