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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 Promotion?
What is Employee Promotion?   

What is Employee Promotion?



 
 

 Employee Promotion is the advancement of an employee through appointing this employee to a position that guarantees a higher salary range than the one this employee is presently assigned to. Along with higher salary, the new position requires the employee to take more responsibilities and perform other (more complex) duties. Employee promotion often comes as a result of job posting procedures.

 In a typical organization, decision on promoting an employee is to be made by an immediate supervisor of that employee. Before making the right decision, the supervisor should be certain that the candidate to promotion has all necessary skills and knowledge to comply with requirements of the new position. All achievements the candidate has reached at the current position should be counted well. If the employee has obtained some training, the supervisor should regard this achievement as one more advantage for the candidate to be approved for job promotion.

 There are 3 types of employee promotion:

  • Departmental: a worker is promoted into an open position with a higher salary rate within the same departmental entity.
  • Company: a new position with a higher salary rate and in another debarment/division is given to a candidate.
  • Cross-functional: this type of employee promotion occurs when a worker is assigned to a vacant position which entails a higher salary range and more complexity in duties but current duties and responsibilities remain assigned to the worker.

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