ADVERTISEMENTS: Transfer is the movement of an employee from one job to another. “A transfer involves a change of job without any significant increase in responsibility or income, and a promotion involves a change in which a significant increase in responsibility or income occurs.”
Simply so, what are the 4 types of promotion?
There are four basic types of promotion: 1) Advertising 2) Sales Promotion 3) Personal Selling 4) Publicity.
- Production Transfer: ADVERTISEMENTS: …
- Remedial Transfer: Such transfers are affected to correct the wrong selection and placement of employees. …
- Replacement Transfer: …
- Versatility Transfer: …
- Shift Transfers: …
- Penalty Transfer:
Keeping this in consideration, what are the types of transfer?
Types of Transfer:
- The Following are The Various Types of Transfers:
- (A) Production Transfers:
- (B) Replacement Transfers:
- (C) Versatility Transfers:
- (D) Shift Transfers:
- (E) Remedial Transfers:
- (F) Miscellaneous Transfers:
What are the various types of transfer and separation?
Replacement Transfer – Movement of an employee within an organization to replace an existing employee. Rotation Transfer – Movement of employees within an organization to increase their versatility. Shift Transfer – Movement of employees within an organization from one job shift to another.
What is basis of promotion?
Bases of Promotion – Top 3 Basis: Seniority, Competence/Merit and Seniority-Cum-Merit Basis (With Advantages and Disadvantages) A promotion is an increase in rank which may also be accompanied by a raise in pay, benefits, and responsibility.
What is meant by demotion?
A demotion is a compulsory reduction in an employee’s rank or job title within the organizational hierarchy of a company, public service department, or other body, unless there is no reduction in pay. … A move to a position at the same rank or level elsewhere in the organization is called a lateral move or deployment.
What is meant by promotion?
What Is a Promotion? In terms of a career, promotion refers to advancing an employee’s rank or position in a hierarchical structure. In marketing, promotion refers to a different sort of advancement. A sales promotion entails the features—via advertising or a discounted price—of a particular product or service.
What is promotion and its types?
Promotion is a type of communication between the buyer and the seller. The seller tries to persuade the buyer to purchase their goods or services through promotions. … These are personal selling, advertising, sales promotion, direct marketing publicity and may also include event marketing, exhibitions, and trade shows.
What is promotion in HRM?
Promotion is vertical movement of an employee within the organisation. In other words, promotion refers to the upward movement of an employee from one job to another higher one, with increase in salary, status and responsibilities.
What is promotion purpose?
The aim of promotion is to increase awareness, create interest, generate sales or create brand loyalty. It is one of the basic elements of the market mix, which includes the four Ps, i.e., product, price, place, and promotion. Promotion is also one of the elements in the promotional mix or promotional plan.
What is the difference between promotion and demotion?
Demotion is the opposite of promotion. It is a downward movement of employees in the organizational hierarchy with lower status and lower salary. It is the downwarding process and is insulating to an employee. Demotion is the punishment for incompetence or mistake of serious nature on the part of the employee.
What is the meaning of promotion and transfer *?
It is the movement of an employee from one job to another without involving any substantial change in his duties, responsibilities, required skill, status and compensation. A transfer does not imply any ascending (promotion) or descending (demotion) change in status or responsibility.
What is transfer in HRM Slideshare?
Transfers www.learnito.com HRM 8. • A transfer is a horizontal or lateral movement of an employee from one job, section, department, shift plant or position to another at some other place where salary, status and responsibility are usually the same.
Why is transfer and promotion important?
It creates among employees a feeling of content with the existing conditions of work and employment. It increases interest in acquiring h9gher qualifications, in training and in self development with a view to meet the requirements of promotion. It improves morale and job satisfaction.