Analysis

Promotions Play a Key Role in Employee Turnover

A new report from ADP Research Institute takes a close look at how pay and promotions relate to retention.

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Workers who get passed over for a promotion while a team member advances are more apt to quit than workers where no promotion occurs, according to The ADP Research Institute’s 2019 State of the Workforce Report: Pay, Promotions and Retention.

The inaugural benchmarking report, for pay and promotion practices among employers with 50 or more workers, found that teams where a promotion occurs experience a turnover rate of 13.3 percent, while teams without a promotion have 12.3 percent turnover.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
Exclusive discounts on ALM and Treasury & Risk events.
Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now

Dig Deeper

Managing Staff

Recommended Stories

Coronavirus Guts Pension Funding Levels

Nick Thornton | April 02, 2020

Losses have not been uniform; they depend largely on how plan sponsors have allocated assets between Treasuries and credit.

PwC to Pay $11.6 Million to Settle Age Discrimination Claims

Ross Todd | March 04, 2020

A federal judge last year conditionally certified a collective action of applicants 40 years or older who claimed PricewaterhouseCoopers systematically weeded out older workers from consideration for entry-level positions.

Bringing the Job Search into the 21st Century

Treasury and Risk | February 18, 2020

What to do—and what not do—in a modern search for a finance position.

Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
Exclusive discounts on ALM and Treasury & Risk events.
Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.