When an employee is given a higher position or rank in an organisation, it is called Promotion.
“A promotion is the elevation of an employee to a higher job role. It is accompanied by an increase in salary, greater responsibilities, and higher status. It is a form of recognition for an employee’s contributions and capabilities.”
1. Vertical Promotion:
Role Advancement: Moving to a higher position within the same department or function.
Increased Authority: Gaining more decision-making power and leadership responsibilities.
2. Horizontal Promotion:
Role Change: Shifting to a different role at the same level but with different responsibilities or in a different department.
Skill Utilisation: Utilising an employee’s diverse skill set in a new capacity.
3. Dry Promotion:
Title Change: Receiving a new title without an increase in pay or significant change in responsibilities.
The promotion has the following advantages:
Vertical: An employee moves from a Senior Analyst to a Manager position, with additional team leadership responsibilities and a higher salary.
Horizontal: A marketing specialist shifts to a product management role, leveraging their understanding of market needs in a different capacity.
Dry Promotion: An employee’s title changes from “Junior Developer” to “Developer” to reflect their growing experience, without an immediate salary increase.
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