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Forget slogans and posters. Forget mission statements. Forget culture decks. A survey of over 400,000 people across the U.S. found that when employees believe promotions are managed effectively, they are more than two times as likely to give extra effort at work -- and to plan for having a long-term future with their company.
But wait, there's more: When employees believe promotions are managed effectively, they are more than five times as likely to believe their leaders act with integrity.
The result? At those companies, employee turnover rates are half that of other companies in the same industry. Productivity, innovation, and growth metrics outperform the competition. For public companies, stock returns are almost three times the market average.
Via The Learning Factor
Great Study of 400k employees . So don't waste time on that culture deck ...Promote your best people... if teams matter promote the best team player... if productivity matters promote the best at that... the companies that do this have less turnover, more innovation and better engagement . Carrier Guidance big key. #ADPELEFY18 #offthebenchleadership #Workhappy #hellowork
Great insight "When employees believe promotions are managed effectively, they are more than five times as likely to believe their leaders act with integrity."