Good Evening,
I work for 100 plus employee company. We just completed our performance appraisal process and working on promotion criteria. I have received huge promotion recommendation from all departmental heads (HOD) and even after doing normalization rating (attendance, time factor, salary level), rate of promotion is very high (40%). Is this is normal?
I somehow feel that if we give so many promotions every year, the value of promotion goes down and rate of people at top level goes up. Since we are a small organization, there can only be title change after promotion and their role will remain the same.
I do understand that we need to recognize & reward people for thier valuable & outstanding contribuitions but is this is the only way to recognize them? Why do managers feel that if they do not promote a person s/he will quit job and organization will suffer?
I just want to understand from all my seniors as to is there any promotion percentages followed in industry to provide a healthy and respectable recognition and what are the other criteria’s that need to be considered for promoting a person (other than factors mentioned above).
Your inputs will make great difference…
Regards,
Laks.
I work for 100 plus employee company. We just completed our performance appraisal process and working on promotion criteria. I have received huge promotion recommendation from all departmental heads (HOD) and even after doing normalization rating (attendance, time factor, salary level), rate of promotion is very high (40%). Is this is normal?
I somehow feel that if we give so many promotions every year, the value of promotion goes down and rate of people at top level goes up. Since we are a small organization, there can only be title change after promotion and their role will remain the same.
I do understand that we need to recognize & reward people for thier valuable & outstanding contribuitions but is this is the only way to recognize them? Why do managers feel that if they do not promote a person s/he will quit job and organization will suffer?
I just want to understand from all my seniors as to is there any promotion percentages followed in industry to provide a healthy and respectable recognition and what are the other criteria’s that need to be considered for promoting a person (other than factors mentioned above).
Your inputs will make great difference…
Regards,
Laks.