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Explain the concept of dry promotion in employee advancement. - Business Studies

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Question

Explain the concept of dry promotion in employee advancement.

Explain
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Solution

A dry promotion is the advancement of an employee from a lower-level to a higher-level position without an increase in salary or other monetary benefits. Although there is no financial gain, the employee receives a higher status and greater responsibilities in the organisation. It is often used to recognise performance or potential, even when financial resources are limited.

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