Bytestart - The online small business portal
Search over 1700 Articles!


Comprehensive Online Business Insurance
- Tailored PI, Office, Public and Employers' Liability Insurance.
- Are you covered? Read our Essential PI Guide.
- Get a Quote and buy online in minutes.


Lack of promotion forcing staff to move on

 print  e-mail 

As the annual performance review and promotion season gets under way, new research shows UK employees have little faith in career prospects at their current organisation. Nearly half of employees (48%) feel they deserve to be promoted within six months, but 60% say they will have to switch organisations to progress their career.

The research, conducted by Investors in People (UK), suggests that secrecy and poor communication surrounding the promotion process could be to blame for employee frustration. Over half (53%) of employees questioned said that their organisation’s approach to promotion remains a mystery, and more than three quarters (77%) were unsure of how development in their role was linked to promotion prospects.

Highlighting just how frustrating the promotion process can be, the research found that a third of employees believed they had been overlooked for promotion in the past. For half of these employees (55%), the knock-back was compounded by the fact that the reasons weren’t explained to them. A further 18% said that although the reasons were explained, they didn’t understand them.

Commenting on the findings, June Williams, Director at Investors in People (UK), said:

“This research clearly highlights the dangers of bad communication. Employers aren’t always in a position to offer promotion, but the way they handle this can have a huge impact on employee motivation. Bosses need to be much clearer about the opportunities available and create a clear plan of action to help employees achieve their goals.

“Managers should also remember that promotion isn’t just about new titles or salary increase – for many employees, being given new responsibilities is more important.

"What’s more, without new challenges, the temptation is to seek progression by moving on elsewhere. Not only does this cost employers as they spend time and money to replace them, it ultimately benefits the competition who are only to happy to snap up new talent.”

When asked how their bosses could improve the process for promoting people, employees called for clear guidelines for staff at all levels (57%). Over half (54%) cited individual development plans and 47% pointed to a robust appraisals process as important factors.

Posted December 18, 2006



Latest articles in Latest News
 
Lobby group concerned over burden of additional business rates
[September 5, 2008] A leading business group has expressed its concern that small companies are not being protected from increased business rate costs.
 
Olympic benefit for small businesses?
[August 28, 2008] As the Olympic torch is handed over to London following the excellent Beijing games, new research suggests that entrepreneurs are unsure whether the 2012 event will benefit smaller companies.
 
BCC forecasts recession is a distinct possibility
[August 19, 2008] The British Chambers of Commerce has published its quarterly economic forecast, which predicts a distinct possibility of recession for the UK economy and foresees turbulent times for British businesses.
 
Many small business owners won't go on holiday this year
[August 19, 2008] A recent study suggests that 42% of small business owners have too much work on to take a holiday this year, with a similar number unable to take a break when they really wanted to.
 
Entrepreneurs slow of the mark with adoption of "green" behaviour
[August 18, 2008] Entrepreneurs in the UK have been slow to recognise the business advantages of adopting "green" behaviour according to a new report by business advisors Deloitte.
 
From 'Dog Psychologists' to 'Badger Consultants' - weird businesses are on the rise
[August 14, 2008] It seems that businesses are specialising in ever-stranger niches. Badger consultants, dog psychologists and vibration consultants are just three of the more unusual businesses that have joined more traditional British businesses such as plumbers and painters.
 
Direct Debit has smaller carbon footprint than cheques!
[August 11, 2008] Taking "green" news to a different level, a new report has found that Direct Debit payments are "greener" than cheques, as the carbon emissions generated by paper cheques are 65 times greater than the paperless direct debit payment!
 
Entrepreneurs remain optimistic despite economic downturn
[August 1, 2008] You can't go a day without mention of the "credit crunch" in the media. But despite the gloomy outlook for the economy, a recent study suggests that over half of all small business owners have no intention of changing their expansion plans.
 
Small business and academic worlds closer than ever
[July 28, 2008] Over the past five years, the links between the academic and small business worlds have increased, according to a survey carried out by the University of Nottingham.
 
Small businesses warned over HMRC tax scam
[July 3, 2008] The ICAEW is warning businesses to be careful when providing personal financial information following an email credit card scam.
 
 Our Partners
Hiscox Office Insurance
Instant Online Quotation
Limited or Umbrella Co.?
Ask Danbro today
Bibby Financial Services
Funding your business
Click HereAccept Online Payments
PayPoint.net Solutions
2 Years FREE Banking
Alliance & Leicester
MORE THAN Business
10% off PI Insurance
Free Day-to-Day Banking
Abbey - 0800 085 3099
Public Liability Insurance
Get online cover now


 Key Services
Company Formation
Instant online setup!
£20 Free Postage
& 30 Day No Ties Trial
Cashflow Problems?
Try Invoice Financing
Phone and Broadband
Great deals for business
Compare Insurance Deals
Essential insurance cover
Virtual Office Service
For full details click here.


Key Start Up Guides

Start Up Services

Past News Archives
1 : 2 : 3 : 4 : 5 : 6 : 7 : 8 : 9 : 10 : 11 : 12 : 13 : 14 : 15 : 16 : 17 : 18 : 19 : 20

Click Here


 




















Free Bytestart News feeds