1. Promotions:The promotion policy

1. Promotions:
The promotion policy is followed as a motivational technique for the employees who work hard and show good performance. Promotion results in enhancements in pay, position, responsibility and authority. The important requirement for implementation of the promotion policy is that the terms, condi­tions, rules and regulations should be well-defined.
2. Retirements:
The retired employees may be given the extension in their service in case of non­-availability of suitable candidates for the post.
3. Former employees:
Former employees who had performed well during their tenure may be called back, and higher wages and incentives can be paid to them.
4. Transfer:
Employees may be transferred from one department to another wherever the post becomes vacant.
5. Internal advertisement:
The existing employees may be interested in taking up the vacant jobs. As they are working in the company since long time, they know about the specification and description of the vacant job. For their benefit, the advertisement within the company is circulated so that the employees will be intimated