For organizations exploring ways to improve employee growth, engagement and retention, promotions aren’t a sure thing.
New analysis from the ADP Research Institute’s quarterly Today at Work report finds that 29 percent of people who received their first promotion left the following month. ADPRI’s model estimate suggests that if a promotion hadn’t been in the mix, only 18 percent might have left.
The takeaway isn’t that promotions are a bad thing — employers certainly shouldn’t resist giving them out when they’re well-deserved. However, the ADPRI report suggests that managers should think about them more strategically and consider supplementing employee retention efforts with other meaningful opportunities.
