How to Keep Top Talent When You Can't Offer Promotions or Raises
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Key Takeaways

  • Schedule the mission-critical re-recruitment conversation. Remind employees why the mission still matters, why their role remains vital and how you’re committed to their success.
  • When you can’t elevate their title, elevate their impact by giving them autonomy and stability.
  • Don’t compete on salary — mission is the new compensation. Most employees don’t leave because of pay alone. They leave because the total value proposition stopped feeling compelling.

Promotion rates in the United States have entered a decisive slowdown, but the expectations of ambitious professionals have not. After peaking at 14.6% in May 2022, the promotion rat…

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