Is the way you promote workers within your organization having a negative impact on talent recruitment? If you’re leaning too heavily on performance-based goals and metrics, it may be.
According to a new study published in Management Accounting Research, companies that base pay increases and promotions solely on productivity targets may be missing out on top talent. In contrast, companies that empower managers to influence workers’ rewards and upward movement, the study found, are more likely to attract top-performing employees that will also connect with the organization’s culture and mission.
