One positive side (if there can be a positive side) to all the bloodletting on the job can be the opportunity for advancement. No one wants to dance on a grave, but...
But, here's the problem. At the same time companies are promoting to fill management holes, they may also be cutting training budgets. That can leave some newly-minted managers without the proper training to do the job, says Colleen McCullough, Senior Vice President of OI Partners-Gateway International (Philadelphia), a career and talent management firm.
More about this tomorrow...
"Many companies have promoted employees after making layoffs without giving them the coaching and training they need. Some newly promoted employees have been unable to make the transition from being individual performers to managers. Others have been promoted to the next level without getting an opportunity to improve their management, motivational, team-building, and communications skills," said McCullough.
"In a good economy, about 4 out of 10 employees who are promoted usually don’t work out. But workers who were advanced to replace higher-salaried, laid-off colleagues are at a greater risk for failing in their new positions without receiving adequate preparation," said McCullough.
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