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This is a great example of missing out on third order effects. What do you think happens to your existing employees if they have no avenue to advance their care

This is a great example of missing out on third order effects. What do you think happens to your existing employees if they have no avenue to advance their careers internally? They will leave for another position elsewhere leaving you with that same need to fill 2 positions. And now you are in a situation where instead of retaining your best people you are losing your best people. Penny-wise, pound-foolish

greedo 4y ago
Unfortunately, many employees won't leave a job, even when career advancement is shut off, or pay rates don't match what a competitor would offer. Changing jobs is risky; you're trading a known for an unknown. In the last year as RTO has started to replace WFH, I've begun to consider whether it's worth looking for a new position. My minimum calculus is that is has to at least pay me as much as I make now, be remote, provide me with the amount of autonomy I currently have, and have workers and managers I enjoy working with. Remote isn't hard to satisfy now, at least for the near-term future. Pay, I can probably get a 10-15% raise. Coworkers and managers I like? Who knows. Autonomy? Who knows. Both of those are a roll of the dice, no matter how carefully you investigate prior to taking a position. So for a 10% raise? That's a pretty big risk. Now if your current compensation sucks, or you hate your boss, sure. But I think that most people are risk-averse (at least I am), and most will stick with a less than optimal situation.