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What Is The Promotion Paradox? A Critical Issue For Today’s Managers

Allwork

29% of employees quit their jobs within a month after their first promotion. In the time after giving an employee a promotion, many managers probably feel really great. In a surprising 29% of these stories, though, that same promoted employee quits — quickly. That’s a high point as a supervisor. A recent ADP survey of 1.2

Promotion 299
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Should Your Company Be Labor Hoarding? HR Leaders Share Why They Believe The Answer Is Yes

Allwork

Labor hoarding is when companies find ways to hold on to talent rather than lay off workers in order to save money in the long term. . Companies are more concerned with mitigating costs than they are hiring new team members. . Allwork.Space spoke to three HR leaders to gauge their opinion on the practice of labor hoarding. .

Payroll 279
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Dry promotions: Definition, considerations, and guidelines for employers

BMT Office Administration

Getting a promotion is an exciting event for employees. However, some of that excitement is probably due to the pay raise that they expect will come with the promotion. But sometimes employers offer promotions without an increase in pay, a growing phenomenon called dry promotions. What is a dry promotion?

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3 Awkward Money Conversations in the Workplace and How to Navigate Them

Success

For example, if someone wants you to chip in for a wedding gift for Susan from the accounting department, you can explain that you only contribute to gifts for people on your team. 2: Lack of salary transparency You’re applying for a new role and the application asks you to list your salary requirements. Money issue No.

Salary 246
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Hitting the salary cap

Practically Perfect PA

Everyone was placed in a salary band depending on their experience and their skills. Except support staff who were placed in lower salary bands or slotted in somewhere that sort of fitted what they did. I was placed in a low (not rock bottom but not particularly high) salary band with other assistants and admin type people.

Salary 100
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Why Talking about Money at Work is Dangerous

Eat Your Career

Some career advisors suggest that we should all share our salary details with one another to help promote pay equity. I don’t think we should openly discuss salary at work. There are many, many things that influence salary decisions. The circumstances may cause salary discrepancies that are justified.

Salary 147
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How to Ask for More Money (and Get It)

Success

I won’t say those factors have no influence, but they’re neither limitations nor absolutes in dictating your salary. Teenage millionaire founders, college dropouts with six-figure salaries and company newcomers who bypass the corporate ladder and leap to leadership positions are all evidence of that. It was for me.