WHY EMPLOYEES PROMOTIONS ARE HELPFUL FOR BUSINESS GROWTH?👉 Expectation:Employee Promotion is one of the main goals of employees working hard. Thus, it turns into their expectation. When employers don’t fulfill these expectations, they end up losing employees.👉 Reduce Attrition:Employee Promotion often includes a pay raise which acts as a huge motivation. This, in return, further reduces attrition. A survey published shows 35% of employees quitting their job because of no pay raise in a year.👉 Motivation & Productivity:As stated above, employee promotion is a big tool for career advancement and employee retention. It is because when employees get a chance to grow, they stick with a company. This motivation ultimately correlates to higher productivity.👉 Rewards and Recognition:Employee promotion is a crucial element of an organization’s rewards and recognition program. This is because a study shows more than a quarter of employees leave the organization.Written-by' @Anshul_220401