Promotion means an improvement in pay prestige, position and responsibility of an employee within his/her organization. Purpose of Promotion : The purpose of promotion may be outline as follows To motivate an employee to higher productivity. To recognize and reward the efficiency of an employee. To attract and retain the services of qualified and c...

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A promotion involves and increase in status responsibility and pay of an employee, but in certain cases only the pay increases and the other element remain stagment. In other case the status only increases without a corresponding increase in pay or responsibities. Depending on this elements, promotion may be classified in following types: Horizonta...

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