It’s Time to Do Away with “Dry Promotions”
Harvard Business
JULY 18, 2024
Instead of providing solid career opportunities, all too often companies resort to filling vacancies from outside. And when they do promote people, many employers give them “dry promotions” — more responsibility without more money. This article makes the case for revamping career development. Employers should provide more opportunities — both promotions that offer more pay and lateral moves.
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