Bigger Titles Not Better Retention

Content

The article highlights the results of the survey regarding the motivation strategy employed by most companies in the U.S. According to the Executive Quiz form Korn/Ferry International, more organizations are awarding inflated titles to their employees to retain the top performers. Nearly 50 percent of the respondents were recipients of those awards. It was also found that 46 percent of newly promoted executives have remained the same despite their new titles. Eighty-five percent of the respondents revealed that a bigger job designation would not encourage them to stay in a particular job.

The article highlights the results of the survey regarding the motivation strategy employed by most companies in the U.S. According to the Executive Quiz form Korn/Ferry International, more organizations are awarding inflated titles to their employees to retain the top performers. Nearly 50 percent of the respondents were recipients of those awards. It was also found that 46 percent of newly promoted executives have remained the same despite their new titles. Eighty-five percent of the respondents revealed that a bigger job designation would not encourage them to stay in a particular job.