Why Progression in a Company is Important

Why Progression in a Company is Important

While the majority of us will work in a ‘dead-end job’ at some time or another, there’s no denying that employment offering real career progression can have a meaningful impact on nearly every aspect of our lives. From the financial and social benefits enabled by promotion to increased engagement and productivity, there are plenty of reasons why progression is important in the workplace:  

Boosts productivity 

Employees who feel valued and appreciated are much more likely to produce a higher output of quality work than those who feel undervalued. One of the best ways to show your team your appreciation is by offering bonuses, promotions and training whilst providing pathways for attainable career progression. Employees who work in companies which offer clear rewards and opportunities for progression are less likely to be stressed out at work and more likely to be motivated in their roles. (howefarmstn) As well as keeping workers happy and rewarded, you could significantly cut down production times, overheads and costs whilst increasing sales and profits. Managers and leadership teams may decide to make use of various training schemes and leadership development services to improve their own knowledge, expertise, and productivity.

Reduces turnover

With more employees making late career changes than ever, it’s never been more important for companies to hold on to their workers. One of the best ways to reduce turnover and ensure that your team remains satisfied is by providing them with plenty of pathways to progression. Employees are far less likely to jump ship for greener pastures if they feel that promotion and progression is attainable. Many exemplary, high-performing workers leave their jobs due to a lack of opportunity, so make sure you don’t stifle your employees. If you’re an employee who’s currently considering leaving your position due to lack of opportunity, make sure that you discuss your ideal goals with your mentor or manager before making the leap.  

See also  How Continuous Monitoring Boosts Business Performance

Fosters employee engagement

Keeping employees engaged is especially important with the advent of widespread remote work – while bonding and physical proximity have long been leading factors for managers deciding which employees deserve a promotion, the new remote working culture has decreased the amount of time that managers interact with their teams. This has altered the playing field when it comes to making progress in a company and changed the way that employees engage with their work. We are far more likely to enjoy and engage with our work if a clear progression is outlined, especially if we do not get the chance to interact and socialise with our colleagues in person. Highly engaged and motivated employees are likely to take more pride in their work and even go beyond the call of duty in their roles.

Leave a Reply

Your email address will not be published. Required fields are marked *