Can anyone please help me by sharing Fast track policy & procedures in your organization?
From Nepal, Kathmandu
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Key Considerations for Fast-Track Promotions

Do keep the following "general" but major points in mind:

- An organizational structure with numerous levels of employment affects fast-track promotion since every employee identified for promotion will be treading on the same path of employment levels above him/her.

- Similarly, if your company follows an employment scaling system within each level of employment, the presence of a number of scales will also hamper fast-track employee promotion.

- Also important is to decide what your company's definition of promotion is, i.e., does it mean a change in an employee's employment level OR a change in an employee's employment scale but within the same level of employment? Yes, this is also a general promotion practice in many companies.

- Timeline for Promotions

When does management decide on promotions? This is another prime factor. A practice of determining employees for promotions every two/three years over an annual review will affect fast-track promotion.

- Recommendation and Approval Process

Who recommends such fast-track promotions? If you call it a fast-track promotion but subject it to the approval of the Board instead of recommendations of the immediate supervisor for the CEO's approval, it will hamper timely procedures.

- Finally, being in HR, you cannot help but accept the fact that promotions in Asian culture (APAC region) are more of a social celebration than anything. If you are identifying someone for a fast-track promotion, it means you are making them answerable to their society on the consequences (mostly monetary); hence, no fast-track promotion is worthy if there is no "substantial" % increase in an employee's salary.

Regards.

From Nepal, Kathmandu
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