Quitting right after promotion? Here’s what you should know
According to a report released by ADP, a payroll and HR services provider, 29% of respondents in a series of surveys quit their jobs within the first month of getting a promotion. Does it imply that getting a promotion makes employees quit? If yes, why?
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Offering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitNorthwestern UniversityKellogg Marketing Leadership Development ProgramVisitIndian School of BusinessISB Leadership in AIVisit“These data suggest that landing a promotion gives a person a leg up in their search for work outside their current employer. But they’re also consistent with another workplace phenomenon: People who are given more responsibility without adequate preparation, compensation or resources could be more likely to quit,” according to the ADP report.
Ashutosh Khanna, Co-Founder and Director of WalkWater Talent Advisors, an executive search and talent advisory company, says that promotion is a result of your performance over a period, and high-performance candidates are always in demand. Nonetheless, he says that there is very little correlation between quitting and promotion at the leadership level. “When leaders get promoted, they generally become more invested in the success of the company. While there are exceptions, it is generally uncommon for leaders to quit soon after a promotion,” he says.
On being asked about the possible reasons for employees quitting right after promotion, Khanna says that several factors lead to the decision to quit a job. The manager, the workplace environment and flexibility, growth and learning opportunities, engagement levels, compensation and location are the major factors people
