Staff Promotion and Transfer
ICSE · Class 12 · Business Studies
Summary of Staff Promotion and Transfer for ICSE Class 12 Business Studies. Key concepts, important points, and chapter overview.
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Overview
Staff promotion and transfer are important parts of staffing because they help fill higher positions, improve employee motivation, and place employees where they can work more effectively. Promotion means upward movement to a higher job with greater pay, status, responsibility, and power. Transfer m
Key Concepts
Promotion is the upward movement
Promotion is the upward movement of an employee in the organisation's hierarchy. It means movement to a higher job carrying higher salary, greater sta
Staff transfer is a horizontal
Staff transfer is a horizontal or lateral movement of an employee from one job to another in the same organisation without any significant change in p
Dry promotion means assigning a higher
Dry promotion means assigning a higher-level job to an employee without any increase in pay or benefits. The job level and responsibility rise, but sa
Upgrading means moving an employee
Upgrading means moving an employee to a higher pay scale without changing the job. The job itself is placed in a higher grade, but status and responsi
Under open promotion
Under open promotion, all existing employees are considered as candidates and vacancies are announced internally. Under closed promotion, candidacy is
Learning Objectives
- Understand the meaning and definition of promotion and staff transfer
- Differentiate promotion from transfer, upgrading, and dry promotion
- Explain the benefits and limitations of promotion
- Describe open and closed promotion policies
- Understand the requirements of a sound promotion policy
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