A job promotion happens when an employee moves up the organizational ranks of a company and takes on often harder, more advanced tasks that are still related to his or her former position.
Aside from taking on new (sometimes, even more) responsibilities, it can also include handling a team or employees of a lower rank to manage.
As an HR practitioner or manager, you should be knowledgeable of the things to consider when it comes to giving employee promotions such as what justifies a promotion and what it entails.
After all, improvement in terms of their skills and career is one of the things workers aspire.
It is also essential for HR personnel to know the right time to give this career advancement, as it involves providing additional benefits and higher salaries for the promoted workers, which will definitely incur costs for the company.
Moving someone up and not awarding them what is rightfully due because there’s not enough budget, despite delegating more responsibilities, just don’t seem right.
For the employee, aside from getting more benefits, a promotion is sort of a bragging right—something that will be great on paper. A higher-level job title is a credential that they can attach to their resume, and something will pique the interest of their future, potential employer.
Companies also benefit from job promotions. A promoted employee definitely has higher morale, allowing him or her to do a better job, which is always good for business. This can also boost other’s confidence and know that they, too, can achieve something similar if they choose to follow the same commitment.
Maybe a particular skill that one worker has can be more utilized in a higher position, which in turn, can reduce labor turnover for the company.
Of course, promotions are also given to reward employees who consistently have shown excellent performance and dedication to their job and the company.
It used to be that seniority and number of years in service merit promotions because loyalty does mean a lot to an organization.
The longer an employee has been with a company, the more knowledgeable and skilled he or she is of the particulars of the job, which is one of the things needed to get promoted.
Customarily, promotion by seniority is also based on the belief that the first one should also be given the first chance in all benefits and privileges.
But with the corporate landscape changing, everyone now has a chance for quick career advancement. Both old and young employees are on an even playing field because it’s been proven that promotion isn’t just based on age or years in service.
Your chances to move up the ranks are high when management sees that you demonstrate the knowledge, skills, values, and behavior of someone fitting to lead.
These strategies, as shown in this infographic, may be helpful to those who are looking to climb up the corporate ladder fast.