Promotions & Transfers

Promotions and transfers are particularly important aspects of most people's careers. 

Promotion refers to an employee’s upward advancement in the hierarchy of an organization and usually involves increased responsibilities and compensation. Most people hope for promotions, which usually mean more pay, responsibility, and (often) job satisfaction. For employers, promotions can provide opportunities to reward exceptional performance, and to fill open positions with tested and loyal employees.

Transfers are reassignments to similar position in other parts of the firm, usually with no change in salary or grade.

Share it:  Cite

More from this Section

  • Human resources inventory
    Human resources inventory are providing information about the organization’s present ...
  • Distance learning
    Distance learning is the process of delivering educational or instructional programs to ...
  • Arbitrator
    Arbitrator refers the third party to a labor dispute who makes the final, binding decision ...
  • Good faith effort
    Good faith effort is the effort and action an organization puts forth to correct goals ...
  • Grades
    Grades– a job classification system like the class system, although grades often contain ...