No matter what industry you work in, your goal is to no doubt climb the ranks and eventually get yourself promoted. So when the opposite occurs, and you wind up getting demoted instead, it can be a major blow to your self-esteem. It's estimated that 14% of employees have gotten demoted at work, and nearly half of HR managers have seen their companies force workers to take a step down.If you're on the receiving end of a demotion, your first inclination might be to up and quit, which is precisely what 52% of demoted workers have done in the past.