Promotion_in_HRM.pptx human resource development

hrm

1. Promotion in Human Resource Management Meaning, Advantages, and Bases of Promotion

2. Meaning of Promotion - Movement to a higher post - Greater responsibility, pay, and prestige - Recognition of employee capability

3. Objectives of Promotion - Recognize employee performance - Increase motivation and morale - Utilize employee potential

4. Advantages of Promotion - Boosts employee morale - Encourages efficiency & loyalty - Reduces attrition - Builds healthy competition

5. Bases of Promotion 1. Seniority-based Promotion: - Simple, transparent, reduces favoritism - May ignore talent/performance 2. Merit-based Promotion: - Recognizes efficiency and capability - Encourages skill development - Risk of favoritism if not measured fairly 3. Seniority-cum-Merit: - Balanced approach - Gives weight to both experience & performance

6. Other Factors Influencing Promotion - Educational Qualification - Experience - Performance Appraisal - Interview Performance - Potential for Growth