Promoting without a Raise – A Recipe of Retention or Departure!

Discussion in 'Current Events' started by shellyrogers, Oct 31, 2011.

  1. shellyrogers
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    shellyrogers Rookie

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    A recent survey by OfficeTeam suggested that out of total 55% of your employees would happily accept a promotion without a pay-raise. Well truly speaking, I was expecting something more than that – maybe a 70 or 80. Almost every organization share the same kind of workplace psychology, doesn’t matter if it is Google Inc. or a small slum-type call center in Mumbai. People always have an urge of moving up…up…up and ultimately – Away!

    What are your suggestions – how can the HR department use payless promotions as a tool for retention and not as a vacancy generator?
     

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