Question

Define promotion.

Answer 1

1. Promotion refers to the movement of an employee from a lower-level position to a higher-level position, carrying higher responsibilities, facilities, status and pay. For example, the vacant post of General Manager can be filled by promoting a branch manager to the position of General Manager.
2. Any employee's advancement to a higher position entails an increase in rank and responsibilities. Promotion is used to motivate employees who continually demonstrate improved performance levels. Promotion typically entails a rise in an employee's compensation, prestige, and responsibility.
3. Promotion has intrinsic motivating value since it increases an employee's authority, influence, and position within an organization. 

• • Promotion is a vertical shifting of employees.
  • It helps to improve the motivation, loyalty and satisfaction level of employees.