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Saturday, December 21, 2024

The science of promotions: A Tulane researcher gives expert insight

The “great resignation” may not be over yet, but plenty of workers still want to get ahead. Jasmijn Bol,  professor and Francis Martin Chair in Business at the A. B. Freeman  School of Business, examined the traits that make employees promotable.  Her research was recently published in a co-authored article in Strategic Finance magazine. Tulane Today talked with Bol about her research and professional insights.

Tulane Today: According to your research, an  employee’s chance of promotion is not based on just their current  performance evaluation. In fact, a manager may evaluate an employee’s  actions in varying ways based on different scenarios, performance in  current role vs. prospect for promotion. Could you talk a bit about  this?

Jasmijn Bol: Correct. We show that evaluators have  different schemas (i.e., mental models) when it comes to evaluating  performance versus evaluating promotability. Schemas are cognitive  frameworks that help individuals with the interpretation of information.  We all use schemas in our daily lives when we have to make complex  assessments. Schemas allow us to take shortcuts in digesting the large  amounts of information needed for certain decisions.

We asked managers to tell us about the most important qualities of  employees when it comes to performance and promotion. Although there was  definitely overlap in the schemas, they were significantly different.  For evaluation of current performance, the top three qualities mentioned  were communication skills, work ethic and desire/ability to learn. For  evaluation of promotion prospects, the top three were work ethic  followed by teamwork and technical skills. This finding was confirmed by  our comparison of the managers’ performance and promotion decisions.

TT: Can you give a concrete example of behavior that  is interpreted differently depending on whether your performance or  promotability is assessed?

JB: We found that consultative decision-making has a  different impact on how managers assess performance versus  promotability. Consultative decision-making is a decision-making style  where you solicit input from others (like peers and managers) but make  the final decision yourself. Unlike, for example, an autocratic  decision-making style, where you do not gather any input from others but  entirely rely on your own opinion.

Your decision-making style does not only influence how you make your  decision, it also creates an impression on others. That impression can  be simultaneously positive and negative. A consultative professional is  likely to be seen as someone interested in learning, which is positive,  but at the same time, it also creates the impression that someone lacks  confidence and possibly depends too much on others. In contrast, a more  autocratic decision-maker will be seen as someone with greater  self-sufficiency and more confidence. The negative impact of an  autocratic style, however, is that the professional doesn’t learn as  much from the process.

Whether the positive impression created by consultative  decision-making outweighs the negative impression depends on what is  being evaluated and where you are career-wise. When you start your  career, consultative decision-making is seen as crucial. Most  professionals progress from unconscious incompetence, meaning they don’t know what they don’t know, through conscious incompetence, meaning they know what they don’t know, to competence.  This progression requires time and experience. Thus, managers tend to  evaluate consultation favorably for performance at these lower levels.

The situation changes when the employee has enough job tenure to be  considered for promotion. At this point, the employee needs to signal  confidence and self-sufficiency in their decisions in order to indicate  that they are ready for the challenges at the next level. Learning is  not as crucial at this stage, and consequently, it is best not to  consult but instead apply a more autocratic decision-making style. The  confidence in your own decisions will have a very favorable impact on  your assessed promotability, while it will not hurt (but also not help)  your performance evaluation at this stage.

TT: Your research findings were based on finance professionals — do these principles hold true for other industries?

JB: Yes, for any professional job where there are  different hierarchies and the skills and knowledge necessary at each  level are not exactly the same. An example is consultants who, once they  move up the hierarchy, are expected to do more project management and  acquisition.

TT: In what other ways can an employee communicate to their manager that they are ready for promotion?

JB: Take on projects and tasks that display that you  have mastered higher-level skills. But be careful that you do not burn  yourself out. A career is like a marathon, not a sprint. The goal is to  have a successful and fulfilling career; trying to race through it is  not a successful strategy.

TT: Any other helpful advice for those hoping to advance in their careers?

JB: Be deliberate about the extra tasks that you  take on. There are lots of tasks that are useful for the organization  but that do not help you grow as an individual, and that also do not  help you signal that you are ready for promotion. Limit the amount of  these tasks you undertake and volunteer for those tasks that do make you  more promotable. 

Original source can be found here.

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