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Promotions Are Overrated’: Managers Must Tap Into the Career Growth Employees Want

Career development has traditionally been defined by promotions and title changes. Growth and success came from moving up the ladder, and gaining recognition and rewards. The hierarchical pyramid meant opportunities were limited beyond a certain point in the organization. And these days, with the thinning of middle managers, a further complication of fewer spaces has been added at a time when people are living and working longer.