When it comes to worker advancement, good corporate practice is widespread. That’s a key finding that emerges in our American Opportunity Index, a first-of-its-kind ranking of Fortune 250 companies based on the lived experience of three million of their U.S. workers. We compiled the index as part of a study sponsored jointly by the Burning Glass Institute and the Harvard Business School’s Managing the Future of Work project.
6 Ways Companies Fail to Help Workers Grow
And how to invest more effectively in their upward mobility.
December 13, 2022
Summary.
The authors recently studied Fortune 250 companies and ranked them based on the lived experience of three million of their U.S. workers. One of their key findings was that even top-ranked firms fail to deliver consistently on worker advancement. To understand why this is happening, the authors then grouped underperforming companies based on measures of opportunity creation and were able to identify six archetypes of underperformance. In this article, they describe each of those six archetypes in detail and then recommend three main areas that underperforming companies should focus on to improve the upward mobility of their workers: consistently measuring outcomes, investing more in training, and letting go of archaic business models.
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HBR Learning
Developing Employees Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Developing Employees. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Support and challenge your direct reports to help them reach their potential.