Get Latest HR practices activities updates of Human resource at myhr online portal hrhelpboard.com

Promotion Policy for Staff

Promotion Policy 

 

Promotion is way of recognition of an employee's contribution for the company & his ability to shoulder additional responsibilities.  It also helps organization to fill higher level vacancies through internal resources. Through promotions, an employee gets a feedback that his contribution to organization is not going unnoticed.  Promotion leads to better / higher designation, which satisfies his / her growth needs.

Promotion should always accompany additional / higher responsibility. Thus four factors would be considered:

  1. Development of his Second in Command
  2. Potential / Capability to take higher responsibility
  3. Performance in the existing level
  4. Experience i.e. a minimum period spent in the existing level

 As per the growth chart, following emerges:

 

Category of Employee

Min. no. of years to be spent in a level

Min. years to reach Level IX

 

L-IV

L-V

L-VI

L-VII

L-VIII

 

Level IV

03

03

03

03

03

15

DET

03

03

03

03

03

15

GET/ET/MBA

--

03

03

03

03

12

CA/CS  ICWAI

 

--

 

03

 

03

 

03

 

03

 

12

 

Exception is possible only in case of recruitment of experienced person.  This exception is restricted to only first promotion, after considering the relevance of past experience and initial fitment.

Since performance is one of the key factor for determining eligibility of employees for consideration for promotion.  It is important to link performance rating with promotion.

As per the rating received by an employee on conclusion of appraisal process, he / she will earn points as per following details

RATING                                    POINTS

OUTSTANDING                        20       

VERY GOOD                            15       

GOOD                                       10

 

Points earned by an employee over years shall be added.  Employee shall be eligible for consideration for promotion, when he / she has accumulated points as per following table:

 

LEVEL

MINIMUM POINTS REQUIRED

IV TO V

60

V TO VI

60

VI TO VII

60

VII TO VIII

60

VIII TO IX

60

 

In case of any promotion for Leader & above, unit to ensure   availability of his / her second in command.

For Head & above promotions, selection procedure to be followed i.e. interview by a panel consisting of concerned SBU Head along with another SBU Head & Corp. Head. Only then they will recommend to MD for approval.

Track record i.e. points earned for promotion of the employee has to be a part of green sheet & promotion recommendation form.

HRM will prepare list of all such cases, who have been recommended for promotion (level IV & above). These cases will be put up before the committee consisting of Business Head, Corporate Head, and Corporate Business Head for approval.

 47.05        Promotions will be considered only during April, when appraisal process is completed. No case will be reviewed during the year.

 

47.06          In the case of promotion. Promotion letter will be issued to level IV and above, which will be signed by concerned authority and this letter shall be issued in person by the Departmental Head

Read More : Why do we need Travel Policy for employees? 

What is the need of Performance Management?
Balance scorecard works excellent for strategic improvement of the Company.
Tools for Job Analysis
How to identify and apply performance management to get the best output from it?
Types of Employee Engagement Process implemented in the companies
What Are the Benefits of a Performance Management System
Tools for Job Analysis
Balance scorecard works excellent for strategic improvement of the Company.
Recruitment management software smart working
Types of Employee Engagement Process implemented in the companies
How to identify and apply performance management to get the best output from it?
What Are the Benefits of a Performance Management System