CIPD
HR People Pod - Ep 17: Dry promotions | Determining job value | Work ethic | Intelligent failure
Feb 12, 2025
Join Elizabeth Harvey, Head of HR at HSBC, and Jo Carlin, Senior VP HR at Firstsource, as they dive into pressing HR issues. They explore the troubling trend of 'dry promotions' where employees gain responsibility without extra pay. Is there a work ethic crisis in the UK? The conversation also touches on how to intelligently learn from failures and the balance of psychological safety in the workplace. Plus, they dissect the evolving dynamics of job value and the importance of equitable pay practices.
36:42
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The podcast highlights the issue of dry promotions, where employees gain responsibilities without pay increases, raising concerns about fair compensation practices.
- It emphasizes the need for intelligent failure, advocating for a learning-oriented approach to mistakes while fostering a psychologically safe workplace environment.
Deep dives
Understanding Dry Promotions
The concept of dry promotions, where employees receive new responsibilities without a corresponding pay increase, is examined. This trend, identified in Australia where nearly 40% of employees have reportedly experienced such promotions, raises concerns regarding fairness in the workplace. The discussion reveals personal anecdotes of early career promotions that lacked financial compensation, highlighting a potential generational attitude of gratitude towards promotional opportunities despite the absence of pay. The participants argue that while gaining experience and new responsibilities can be valuable for career development, employees must also negotiate for appropriate compensation to reflect their increased contributions.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
