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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
 
 
 
Home » Glossary » What is Employee Progression Plan
What is Employee Progression Plan  

What is Employee Progression Plan



 
 

Employee Progression Plan is an agreed program provided by the employer to employees in order to fixate and regulate their right for a higher compensation as they progress within a career ladder. Companies may enable a career ladder for some positions (which are not temporary or fixed-term yet), so the specialists occupying them can anticipate certain progressive increase of their salaries or benefits along with growth of a period they service for this business, improving their qualification, passing certain certifications, etc. 

Since an employee (who is engaged into a progression plan) is proved as eligible for the next career step, his salary increases up to the level defined for this step. A primitive example of a progression plan is a procedure of hiring new employees: a candidate, to become a fully legitimate employee, has to work during a probationary period with a lower salary, but upon completing of this time (if this person is good for this job), a candidate will get full benefits of employment, including regular level of salary. In the most cases the necessary conditions for employees to get to the next steps of their progression pay include: 

  • Employee must have no active disciplinary penalties, unresolved problems or reprimands;
  • Employee must be interested in the higher level of work and responsibility;
  • Employee must have good or excellent level of performance;

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