2. Promotion  Upward reassignment of an individual in an organisational hierarchy  Increased Responsibility  Enhanced Status  Increased Income 43

3. Reasons for Promotion  Growth of Business  Recognition for a job well done  Employee motivation and growth 44

4. Criteria for Promotion  Performing Present Duty Well  Experienced & Qualified  Willing to handover Current Responsibilities  Enthusiastic about New Role  Familiar with the Job Responsibilities  Proficient with Interpersonal Skills  Adequately Trained 45

5. Promotion Policy  Statement of the organisation’s broad directives on promotion matters  Ratio of Internal Promotion : External Recruitment  Identifying Ladders of Promotion  Pre-Requisites for being Considered  Any Factors which Disqualify from Promotion  Seniority vs. Merit 46

6. What is Demotion?  A demotion occurs when an employee is reassigned to a position with a responsibility / salary that is lower than the responsibility / salary of the former position 47

7. Reasons for Demotion  The employee was unable to perform the job assigned to him to the satisfaction of the employer  The employee requests for a Demotion 48

8. What is Transfer?  Reassignments to similar positions in other parts of the firm  Usually involves no change in grade / salary  Can be initiated by the employee / employer 50

9. Employee Initiated  Personal Enrichment  More Interesting Job  Greater Convenience  Better Career Advancement Opportunities 51

10. Employer Initiated  Vacate a position  Fill a position  Consolidate a position  Find a better fit 52