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Employee Promotion: The Types, Benefits, & Whom to Promote

Vantage Circle

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. It was found that companies pay 20% more in onboarding a new hire instead of internally promoting one.

article thumbnail

Employee Promotion: The Types, Benefits, & Whom to Promote

Vantage Circle

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. It was found that companies pay 20% more in onboarding a new hire instead of internally promoting one.