“Ghost Growth” – Damaging to Employee Relations…and Companies

Don’t be an employer who provides “ghost growth” to their employees. A new survey reveals that 65% of U.S. workers have actually experienced “ghost growth,” which is defined as career advancement in name only, with no raise, promotion, or added authority. Instead of recognition, many are handed more work, but no corresponding, meaningful rewards. Nearly 53% say their careers look like they are advancing, but they do not feel like it, creating a widening trust gap. As a result, over two-thirds have thought about quitting because of the perceived dead-end they are facing. A major casualty is the trust these employees have in their employer because of what are, in effect, empty promises. 

Employee turnover hurts any employer; this is one possible cause to avoid.