Importance Of Promotion Policy

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As discussed above both the bases of Promotion i.e. Seniority and merit have certain limitations, so, it is important to the organization to establishment a promotion policy with due weight age to both seniority and merit. It means organization supposes to maintain a balance between the internal sources of personnel promotion and external sources by ways of recruitment. Whatever the type of promotion followed by the management, there should be a definite promotion policy that must be consistent, fair and clear cut, which should be effective and protect the interests of the employees due for promotion. The following characteristics make a concrete, broad and realistic promotion policy as sound and good policy a) Promotion Policy Statement:…show more content…
A promotion policy statement must establish a fair and equitable basis for promotion i.e., merit or seniority or both. d) Promotion Channels Identifying promotion channels helps in succession planning and also help employee to acquire the necessary formal qualifications. It also encourages them to attend suitable external development programmes etc. Subsequently the organization should communicate final promotion policy to its concerned employees. e) Equal opportunities for promotion A promotion policy should provide equal opportunities for promotion in all categories of jobs, departments and regions of an organisation. It must be applied uniformly to all employees irrespective of their background. Benefits of a Promotion Policy A good promotional policy- • Provides an increase work effectiveness as it recognises an employee who comes out with better work. • Develop employee loyalty by rewarding him, and placing him in a higher position in the organization for his/her efficiency. • Facilitates and increases job satisfaction, employee feel interested to participate in training and self-development…show more content…
This process is called transfer of employees. In is relatively common in various sector like Banks, government department, manufacturing companies and so on. A Transfer is defined as the permanent movement of an ongoing employee from one position to another position substantially equal to the old in term of pay, status and responsibilities. Yoder et al has define “transfer as a lateral shift causing the movement of individuals from one position to another usually without involving any marked change in duties, responsibilities, skills needed or compensation.” According to Mirza Saiyadain, transfer “is a change in assignment in which the employee moves to another job without change in the level of responsibility, skill and at about the same level of pay.” R S Dwivedi has defined transfer is “a lateral movement of an employee, not involving promotion or demotion or no change in job status other than moving from one job to another. Also it does not involve a material change in responsibility or

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