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CUES 155: Mitigate the Flight Risk of Newly Promoted Employees
CUES Podcast
English - December 08, 2023 07:00 - 17 minutes - 11.9 MB - ★★★★ - 8 ratingsBusiness News Business News cues credit union professional development financial organization banking www.cues.org ceo board of directors directors executive Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Lesley Sears talks about the implications of research showing that newly promoted employees are more likely to leave your organization—and what you can do to mitigate their flight risk.
“When we promote somebody, we’re assuming we’re building loyalty,” says Sears, CUES’ VP/consulting. “We’re … really feeding into and developing this person. But statistics have shown us that that’s not always the case.
“ADP has come out with a research study that shows 29% of the people that were newly promoted left, transitioned out versus 18% that normally would have.”
Spoiler alert: Sears says successfully fixing the problem comes down to strengthening your organizational climate.
“The culture … is really … the byproduct of how everything in the credit union is working,” she explains. Whatever the challenges are at the credit union will show up in the climate and culture. “So, address the culture,” she asserts, “and thereby you can address a lot of your challenges in the credit union itself.”
In the show Sears also discusses:
Links for this show:
Sponsor: GoCo
Purposeful Talent Development blogs by Sears:
A Culture of Learning Builds Resilience5 (of 9) Dimensions of Organizational ClimateFour More Dimensions of Organizational ClimatePodcast: The Nine Dimensions of Climate