PROMOTIONS AND TRANSFERS

In this lesson we shall discuss about managing promotions and transfers. After going through this lesson you will be able to:
(i) Discuss promotions and its advantages purposes, bases, policy.
(ii) analyse transfer and its benefits, problems, purposes, policy.
Promotion basically is a reward for efficiency. It is conferment of additional benefits, usually in the form of higher pay, for an increase in responsibility or skill which is formalised by an increase in status or rank. Yet, in another way, promotion can be defined as advancement of an employee in an organisation to another job, which commands better pay/wages, better status/prestige and higher opportunities/challenges and responsibilities, a better working environment, hours of work and facilities etc. Transfer is the lateral movement of employees from one position, division, department or unit to another. Generally transfer does not involve any significant change in
compensation, duties responsibilities or even status.

No comments:

Post a Comment