Effective and Personal Management Solutions
Managing Director Insights
Dry Promotion
3/21/2024
A trend in business now that the economy is a bit tighter, still fighting headwinds with inflation and interest rates.
Dry promotion.
Give someone a promotion, more responsibility, bigger title.
But no raise in compensation.
Nothing to explain here.
Companies trying to keep people by promoting them.
Companies trying to hold back what they pay out, for more profit.
Employee has a decision to make. Yes, or no.
Have you seen it before?
18-36, sun, clouds, suns.
Article linked in comments below.
Make it a great day, everyone!
hashtag#SCNrecruiting hashtag#SCNinsights hashtag#recruiting
SCN – Search Consulting Network
Have you witnessed ‘Dry Promotion’ in the workplace?
The author can see how you vote. Learn moreHave you witnessed ‘Dry Promotion’ in the workplace?
Yes
82%
No
14%
Other – please comment below
4%
Author Info
Jim Guerrera
Jim Guerrera, Managing Director, founded SCN in 2000. Jim is primarily responsible for the development of the leaders at SCN, strategic planning, the hiring and development of company associates, culture leadership, core value leadership, sales le...
Read More