Promotion alternatives

It can be easy for staff to get disheartened when opportunities to progress are not available. But how can companies keep staff in this situation motivated and engaged? Bill Alexander, CEO at Red Letter Days for Business, comments: “Talented, driven employees are hard to keep hold of as they’re very motivated to move on to the next step in their career. When promotion opportunities are not available in your company there are ‘reward’ steps you can take to retain these employees for as long as possible.”

Latitudinal learning

“Give talented employees the freedom and time to design new projects or work with another department of interest, as this will keep them engaged and interested at work. This flexibility will be a reward in itself, satisfying career aspirations, while making them feel recognised for the hard work that they do. This employee will also become an ambassador for your company because of it – so if they leave, they are more likely to want to come back at some point in their career.”
Bill Alexander, CEO, Red Letter Days for Business

Managed mentoring