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While it can be disheartening for employees, HR has a critical role in transforming this potentially negative experience into an opportunity for growth and engagement.
What goes wrong?
Recent data from ADP highlights a concerning trend: 29% of employees who receive a promotion end up leaving their job within a month, compared to only 18% of those who weren’t promoted.
A key reason behind this, according to the Wall Street Journal, is the growing prevalence of “dry promotions,” where employees are given new titles without a pay raise.
The percentage of companies using this tactic has grown by 5% since