Busy Bee Recruitment writes:
Why are work place promotions important?Promotions are a way of rewarding your staff for their hard work. By giving promotions to your staff this boosts productivity, morale and loyalty within the work place. By boosting motivation and morale this results in having a more productive office, higher performers and it prevents you as a business from losing valued staff.
Promotions are a way of showing your staff that they have worked hard and are appreciated. Promotions are a step up for an employee as it enables them to take on more responsibilities and even work their way up within the business.
When employees are promoted they have the ambition to work harder and it gives them a passion to reach their goals. It even enables them to have extra training and learning resources. For example their promotion could enable them to go back to college or university or they might need to be trained on a new system.
Read below for advice on how this can benefit your business...
Benefits of promotions:
Improves performance and motivation - When an employee is valued for their efforts this can make a huge difference to their confidence and how they work. They will feel valued, appreciated and motivated.
Boosts motivation and loyalty - When an employee is promoted this makes them feel comfortable, secure, have a sense of belonging and to be loyal to you. This will give them a chance to show you new ideas, to be motivated and work towards goals.
Extra learning/training and personal development - If the employees promotion requires them to learn a new system, to go back to college or university then this is a huge benefit to your business. This enables them to increase their personal development and bring new ideas and skills to your business. They could even work their way up in your business by having an extra qualification and new skills.
Develops a good company brand and culture - Promotions are good for your business. It helps with employee retention as your staff will not leave as they know there is potential for them to work their way up in the business. Promotions also help with your company brand, if the word gets about that you are making promotions then everyone will be keeping an eye out for who has a new role in your business.