Why Are Newly Promoted Employees Quitting Their Jobs?

It lists the usual expectations. But leaves out people receiving a promotion have successfully demonstrated advanced growth to their employer. That means they’re more desirable professionally. It also means they’re likely looking for work. Once those gears of finding a new job are spun up there’s a lag before finding a better job. Seems likely some percentage would get a better offer externally around the time a promotion got through the internal/HR machinations.

The answer is for companies to flip how they pay and hire people. Often, promotions are hamstrung in how much money they offer. Meanwhile the new company offering to hire them sees only a valuable employee and will offer them according to their ability to pay and current market trends.

Reminder, the only way for a company to entice people to accept to work for them IS through their pay. If a company wants people to work for them and they’re not getting enough applicants then they need to increase their offered pay. There is literally nothing else to maneuver.

Economics 101: markets will clear when supply meets demand at a mutually acceptable price. That means the marginals equate. If an external factor like market power on one side constrains that pricing mechanism then the market won’t clear.

Bottom line: Promotions are often just a ruse to extract more work for the same or sometimes even less pay overall.

Congratulations! You've been promoted to a "salaried" position.

Translation: You'll be making less without overtime.

Changing plantations can be a short term fix for a wage slave but the only way to avoid this sort of corporate BS entirely over the long term is to leave the plantation and become self employed/freelancer.

one angle is that the wrong people get promoted too. eg someone rocks at their job in technology, they get bumped up to team lead but suck at dealing with people and it made them miserable.