Rather seeking talent elsewhere, it is more cost effective and efficient to develop employees with the right talent and skills within the business organization. Having already seen how they work and perform would give you an advantage as you are able to assess if they have the potential for a job promotion. Yet simply assessing your employees isn’t enough to approve for his or her promotion, as you will need a job promotion plan to set things into perspective. Remember, employee job promotion works both ways for the company and the employee itself. To elaborate further read more about this in our article and should you want to get started drafting your plan, check out our free job promotion plan samples below.
4+ Job Promotion Plan Samples
1. Job Promotion Plan
2. Job Change Promotion Plan
3. Coast Guard Job Promotion Plan
4. Job Satisfaction and Promotion Plan
5. Job Promotion Plan Example
What Is a Job Promotion Plan?
It is important for companies to develop their own job promotion plan since employees overtime will become more adept and proficient with their skills and job roles. Taking advantage of such knowledge and expertise, can further increase a company’s working performance relevant to their promoted employees. Also a decrease in employee retention and basically employee satisfaction. And for employees, it would boost their morale and increases their productivity, hence improves the overall profits earned by the organization. Therefore your job promotion plan should consists of various aspects that will provide a clear process on how to identify the right employee for the promotion, the acceptable criteria for promotion, the organization’s needs and many more. Planning for your employee’s job promotion is important for management to align their goals for the year, in terms of organizational structure and salary budget.
How To Create a Job Promotion Plan?
A number of factors has to be considered first before you can fully promote your employees. This is why a job promotion plan is important. Although performance plays a major role in job promotion, you will need to examine the business organization’s side as well. Here are several factors that can help you efficiently create a job promotion plan:
1. Organization’s Goals
A company often organize their goals and objectives at the start of the year or through their business plans. By carefully analyzing such, you will need to carefully examine if a job promotion is relevant or perhaps would align to the organization’s goals and objectives in the long run.
2. Workforce Assessment
Your planning should also consider identifying the workforce’s developmental needs as well as the current job trends and prediction. This would be trying to assess what could be in demand in the coming months or within the year which is relevant in your business industry.
3. Current Employees
The main point of your job promotion plan is to analyze the best employees within your organization and see to it who is best fitted to be promoted. Here are some of the following criteria you should take note of:
- Job experience and tenure
- High performance level
- Personal motivation and willingness for a change in responsibilities
- Skills and knowledge that would match the requirements for the new role
- See to it that they would fit the corporate culture. Their behavior with colleagues, managers, bosses, and how he/she looks up to the company.
4. Pros and Cons of Job Promotions
It would be good to identify the pros and cons of job promotion within the company, and how this would create an impact within the organization. In this way, you will be able to weigh your options better and help the management decide.
5. Budgets and Cost
Employee promotions would mean an increase in salary, benefits, compensation, allowances and other relevant things. Aside from that some would entail extra trainings or attending seminars. See to it if the management can afford all these or if job promotions is within the company’s budget for the year. This is why as mentioned, you need to weigh in the advantages and disadvantages of employee promotions within the given period.
What Are The Basis For Promotion?
The top basis for job promotions are tenure and competence or both.
What Is Career Development?
Career development refers to the different stages and processes an individual must undergo in order to improve and further advance one’s career.
What Are The Types of Promotion?
These are horizontal promotion in which an employee is shifted in the same category with a different designation, but has a higher pay, extra benefits. Vertical promotion is where an employee is shifted upwards or downwards still with increase in pay, status and responsibility; and dry promotion in which an employee has no increase whatsoever, in this case there will be a change in designation and responsibility without corresponding change in remuneration.
Planning for a job promotion within your company is an important endeavor, for you will be able to determine the correct job promotion process to ensure the employees are ready and willing to take on their new roles and responsibilities.
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