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ADP Research: Business Impact of Promotions

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ADP Research: Business Impact of Promotions

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The ADP Research Institute® (ADPRI) reveals the business impact of promotions and presents a new way to measure worker motivation and commitment in Today at Work, a fresh and comprehensive data-driven resource for business leaders and other decision-makers.

In the September issue of Today at Work – “The Hidden Truth About Promotions” – ADPRI shows how promotions, under certain conditions, can impact businesses, a finding that underscores the importance of having a thoughtful retention plan and a strategy to support these career milestones.

Productivity has always been a key metric monitored by decision-makers, and a new study by the ADP Research Institute illustrates the important link between motivation, commitment, and productivity. For the full Today at Work report – “The Hidden Truth About Promotions” – go to https://www.adpri.org.

Today at Work is a quarterly workforce report from ADP Research Institute that provides a recurring, people-centered and comprehensive view of the world of work. In the September issue of Today at Work – “The Hidden Truth About Promotions” – ADPRI shows how promotions, under certain conditions, can impact businesses, a finding that underscores the importance of having a thoughtful retention plan and a strategy to support these career milestones.

In this issue of Today at Work, “The Hidden Truth About Promotions,” the ADP Research Institute reveals that within a month after receiving their first promotion, 29 percent of people had left their employer. Had these people not been promoted, only 18 percent would have moved on. By the six-month mark, that risk narrows, and both newly promoted workers and those who had not been promoted had the same chance of leaving the company for any reason.

In this issue of Today at Work, “The Hidden Truth About Promotions,” the ADP Research Institute reveals worker motivation rises and falls over time according to the Employee Motivation and Commitment Index, a real-time way to measure the state of worker allegiance. In August 2023, the EMC Index fell 108 to 100, its lowest point since June 2022. The index peaked in December 2022 at 121 after a year of robust pay growth, strong hiring and the rise of remote work.

In this issue of Today at Work, “The Hidden Truth About Promotions,” the ADP Research Institute reveals that employee motivation and commitment varies by industry according to the Employee Motivation and Commitment Index, a real-time way to measure the state of worker allegiance. Over the past 21 months, information and technology had the biggest share of highly motivated and committed workers; education and transportation & warehousing had the smallest.

ADP Research Institute, logo (PRNewsfoto/ADP, Inc.)

Feature Image Source Courtesy of ADP Inc.

Construction Ready promotes Luke Fletcher to VP of Recruitment, Placement & Retention

Georgia non-profit Construction Ready has promoted Luke Fletcher to VP of Recruitment, Placement & Retention. In his new role, Fletcher will lead the adult training programs in Georgia and Florida for the group, which continues to help close the construction industry workforce gap. He also