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Promotion and Transfers
Promotion refers to upward movement of worker from present job to another that is higher in, responsibility, pay and/or organisational level. Promotion brings improved status, better pay, enhanced responsibilities & better working conditions to the promotee. A transfer is a modification in job assignment. It might involve a promotion / demotion or no change at all in responsibility and status. A transfer ought to be viewed as a change in assignment in which worker moves from one job to another in the similar level of hierarchy, requiring same kind of skills, involving around similar level of responsibility, similar status and similar level of pay.
Retrenchment is the refocusing of effort on core businesses and organizational forces and divestment of peripheral interests.
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