This post was originally published on this site
Employee promotion is an effective way to retain employees and spur business growth. In fact, 33.63% of employees have sought new employment due to a lack of career growth opportunities in their current positions.
Additionally, this statistic is split quite evenly between men and women workers, with 32.19% of men and 34.92% of women seeking new jobs for the same reason. This article discusses why employee promotion is crucial and how it can improve workforce and business outcomes.
Contents
What is employee promotion?
The benefits of employee promotion
5 types of employee promotions
How to develop an employee promotion policy
7 steps to ensure an effective employee promotion