Promotion

Promotion refers to enhancement or advancement of employees rank or position in the industry It is an upward movement with greater authorities and higher status It also acts as a motivating factor

Types of promotion

Promotion

Open

Closed

Multiple chain

Dry Promotion

Horizontal

Vertical

Purpose of promotion
To enhance sense of belongingness of employee To have competitive environment To recognize and reward the efficiency To fill up higher vacancies within organisations

 To attract and retain qualified and competent people To demonstrate effective career management plans

To put an employee in a position were he can be more value addition to the company

Principles of Promotion
Clear policy for filling positions Basis of promotions on merit or seniority Should be after job analysis and performance evaluation Should be fair and impartial

Practises in India
In India promotions based on either seniority or merit In public sector promotion is seniority based In private sector no such policy is formulated. Merit is used mainly but the relationship of employee is also important