PROMOTION POLICY

This Promotion Policy (hereinafter referred to as” Policy”) is effective from [INSERT DATE ON WHICH THE POLICY COMES INTO FORCE] and applies to all the employees of the [INSERT COMPANY’S NAME] (hereinafter referred to as “Us” or “we” or “Company”).

1. POLICY OVERVIEW
   1. Our Company is committed in providing promotion and good performance rewards to all the eligible employees, working within the Company; Employees will be given a higher position or responsibility within the same department or different department, depending on the job roles and performance. By upholding these values we can collectively contribute to the success of our company and maintain the trust and confidence of our clients, partners, and colleagues.
2. PURPOSE
   1. The Purpose of this policy is to provide a framework for fair and consistent promotion of employees within the company. It aims to establish clear criteria and guidelines for promotion, to ensure a diverse and inclusive workplace where everyone is treated with respect and has the equal opportunity to succeed.
3. ELIGIBILITY
   1. Employees who have completed minimum [INSERT NUMBER OF YEARS OR MONTHS THE EMPLOYEE HAS COMPLETED WORKING WITHIN THE COMPANY] of working within the company are eligible to apply for promotion.
   2. Any Employee, who believes that he/she has performed well, fulfilling the said promotion criteria, may also apply for promotion.
4. PROMOTION CRITERIA
   1. Following factors will be considered for promotion;
      1. Employee’s performance and skills;
      2. Experience and alignment with the company’s values and objectives;
      3. Employees should exceed their current working expectations;
      4. Employees contributing to the company’s goals and missions;
      5. Commitment to professional development and continuous improvement.
   2. HR Department or Concerned Authority should avoid making decisions for promotion based on recent or insignificant events. They should keep logs with important incidents that they might want to consider when it’s time to promote one of their team members.
   3. In accordance with our company policies, we will not tolerate promotions that are based on Discrimination, Fraternization, Favoritism and Nepotism,
5. PROMOTION PROCESS
   1. Vacant positions will be advertised internally to provide all eligible employees with an opportunity to apply.
   2. Employees interested in promotion must submit an application to the concerned authority or to the HR department within the given time frame.
   3. The HR department or concerned Authority will review applications and assess Employees based on the established criteria.
   4. Interviews or assessments may be conducted as part of the evaluation process.
6. COMMUNICATION
   1. Final decisions will be made by [INSERT DESIGNATED AUTHORITY, E.G., THE HR DEPARTMENT OR SENIOR MANAGEMENT].
   2. Our decisions shall be based on objective and fair assessments avoiding the possibility of any improper influence. Employees will be informed of the promotion decision in a timely and confidential manner.
7. TRAINING AND DEVELOPMENT
   1. Promoted employees may be required to participate in additional training and development programs to prepare for their new role.
8. CHANGES TO THE POLICY
   1. We reserve the right to update and make changes to this policy from time to time based on the working conditions of the Company. The Company on updating this policy will inform the members of the Company.
9. FURTHER INFORMATION
   1. For any queries or further Information regarding our Company or about this Policy, the concerned person can contact us through email [INSERT COMPANY’S EMAIL ADDRESS]
10. ACKNOWLEDGEMENT
    1. We expect all employees to adhere to this policy of the Company. The Company will apply this policy consistently and fairly to ensure a harmonious and productive workplace for all.
    2. By signing below, you acknowledge that you have carefully read and understood the terms and contents of this policy.
    3. You acknowledge that you will follow the set guidelines of this policy as well as of the Company and failure to do so; the Company can take Disciplinary action against such person.

COMPANY      

[INSERT COMPANY’S NAME]            

Authorized Signature

Print Name and Title

[INSERT SIGNING AUTHORITY AND DESIGNATION]