The Pitfalls of Career Advancement: Why Promotions Often Lead to Resignations

New data from payroll processor ADP reveals that promotions increase the likelihood of employees leaving their jobs, with 29% of promoted workers leaving within a month compared to 18% of those who weren't promoted. However, it's not the promotion itself that makes people want to quit, but rather the fact that by the time a promotion is considered, the employee is likely already exploring other options. Many workers who quit after a promotion choose to bet on themselves and start their own businesses, indicating a decline in trust in institutions. The data also highlights that some promotions are merely in name, without accompanying raises, leading to employee dissatisfaction. Despite the risk of losing valuable employees, companies should still promote workers but should also ensure they are prepared for the increased responsibilities and offer incentives at all levels.