How to hold on to top staff when promotion isn't an option

摘要

There are clear benefits to flatter, more flexible organisational structures: speed,adaptability and better alignment with cross-functional projects. However, one of thechallenges managers now face is how to retain top talent when there are feweropportunities for people to be promoted to the next ‘level’.A global study by Deloitte in 2019 found that 76 per cent of organisations now rateinternal mobility as a board level priority and yet only 6 per cent of companies ratethemselves as ‘excellent’ in this area.Organisations are beginning to re-design and re-imagine how progression works and asignificant part of delivering on this ambition relies on individuals re-defining theirrelationship with the concept of progression. Managers will need to play a significantrole in supporting people through this process both emotionally and practically.