Why are companies hesitant to promote?

Ahadi

Veteran
Joined
Aug 7, 2019
Messages
23,811
Reputation
3,604
Daps
97,045
Why are some companies hesitant to promote employees? Not so much on a financial level because we’re in a pandemic, but promoting within title?
 

JT-Money

Superstar
Joined
May 1, 2012
Messages
12,515
Reputation
4,250
Daps
53,288
Reppin
NULL
Why are some companies hesitant to promote employees? Not so much on a financial level because we’re in a pandemic, but promoting within title?
Most companies would rather hire externally than promote from within it seems. I don't know what started this trend but it seems widespread. You have to start out at a company very early on to get promoted these days. That's why I just quit and go elsewhere if I want a promotion.
 

phcitywarrior

Superstar
Supporter
Joined
Nov 19, 2016
Messages
14,142
Reputation
4,827
Daps
34,042
Reppin
Naija / DMV
I think for some roles, it does help to have an outsider come in for the sake of an outsider's prospective.

EDIT: This is also really prevalent in Strategy roles which require exposure to the broader market. I'd imagine the head of Corporate Strategy at a firm like Google would prefer to hire a Director from a competitor like Apple, Amazon of FB instead of promote within. That insight to how you're competition is moving is pretty valuable.
 
Last edited:
Top