Transfer vs Promotion

Transfer is a lateral move involving shifting an employee from one place to another, without a change in position, job responsibility, and remuneration. Promotion, on the other hand, is an upward movement on the organizational ladder, involving a shift from a lower designation to a higher one, with increased authority, status, responsibilities, and better remuneration.

The primary objectives of both transfer and promotion are to maintain organizational effectiveness and to utilize human resources in the best possible manner.

Both transfer and promotion are part of internal mobility within an organization as they facilitate movement and utilization of human resources within different branches or departments, enabling employees to take on new roles and responsibilities.

<p>Transfer and promotion are significant for organizations as they help in maintaining operational effectiveness by ensuring that human resources are utilized optimally and that employees are able to take on new challenges and grow within the organization.</p> Signup and view all the answers

<p>In the case of promotion, an employee gains greater authority, status, responsibilities, and better remuneration upon moving to a higher designation within the organization.</p> Signup and view all the answers