What's Happening?
A report from MyPerfectResume reveals that 65% of U.S. workers experience 'ghost growth,' where they perceive career advancement without tangible benefits such as pay raises or promotions. The survey of 1,000 workers found that 78% have been assigned new duties without compensation, and over half have been promised promotions that never materialized. This phenomenon, described as 'growth theater,' results in increased responsibilities without corresponding rewards, leading to broken trust and rising burnout. Employee reviews mentioning burnout correlate with lower employer ratings, highlighting the impact of unfulfilled promises on morale and turnover.
Why It's Important?
The concept of 'ghost growth' underscores a significant issue in workplace dynamics, where employees face increased workloads without recognition or reward. This can lead to decreased morale, higher turnover rates, and a negative perception of employers. For businesses, addressing these concerns is crucial to maintaining a motivated workforce and reducing attrition. HR leaders are encouraged to balance workloads and provide clear paths for advancement to improve employee engagement and satisfaction. The findings suggest a need for companies to reassess their growth strategies and ensure they align with employee expectations and contributions.
