Career
The Frustrating Disconnect Between Promotions and Employee Satisfaction: Unveiling the Flawed Career Advancement Process
Last Updated on September 10, 2023 by Robert C. Hoopes
Promotions are supposed to be a sign of success and recognition for employees, but new data from ADP suggests that they may actually be driving workers to leave their jobs. According to the research, 29% of promoted workers leave within a month, compared to only 18% of non-promoted workers.
The data implies that when an employee is considered for a promotion, they are likely already looking for new opportunities both within and outside their current company. This could indicate a lack of job satisfaction or the desire for new challenges.
Interestingly, many high-achieving workers who leave after a promotion go on to start their own businesses. This trend points to a lack of loyalty towards corporate organizations, as these employees may feel that they can achieve better success and fulfillment on their own terms.
Stephanie Heredia is one such example. She left her job shortly after receiving a promotion due to feeling underpaid and burnt out in her current role. This suggests that promotions may not necessarily come with the desired increase in salary or recognition that employees expect.
The ADP data also reveals that promotions often only change an employee’s job title, without any corresponding increase in salary. This could indicate that many promotions are just superficial, without any actual change in responsibilities or compensation.
Interestingly, low-skilled workers are also more likely to leave after being promoted. This is because a promotion serves as a strong signal to potential employers of their value and contributions. They may use it as an opportunity to find better-paying jobs or roles that align more closely with their skills and ambitions.
To address these issues, companies should ensure that employees are adequately prepared and equipped to handle the responsibilities that come with a promotion. They should offer training and mentorship to help employees succeed in their new roles. Additionally, organizations should provide options and incentives for advancement at all levels, ensuring that employees feel valued and have opportunities for growth within the company.
In conclusion, while promotions are often seen as a positive move for employees, new data suggests that they may actually be contributing to higher turnover rates. Companies need to be mindful of these trends and take proactive steps to retain talent by meeting their expectations and providing opportunities for growth.