Understand the benefits and failures that go along with promoting people within your organization.
In many cases, the best workers do not make the best managers, but how can you know that before you promote them? Every organization should have a promotion policy in place and all the leaders in the organization should be thoroughly trained so that the criterion in each area is the same throughout the organization. You will learn a few different methods in which employees can be promoted and learn how promotions are different in a union versus non-union setting. We will discuss the attributes you would look for in someone who you are considering promoting and some characteristics that might make you rethink that decision. We will discuss what makes up a strong company's promotion policy as well as how a manager can help prepare his people for promotions. We will also talk about how to discuss giving a promotion with no increase in compensation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Benefit of Promoting Employees
- Why and How Companies Should Promote Employees and the Benefits That Brings
- How Companies Could Fail at Promoting From Within If No Programs Are in Place
- Types of Promotions: Competitive and Non-Competitive
Methods of Promotions
- Career Ladder
- Accretion of Duties Promotions
- Merit Promotions
Acceptable Criteria for Promotions
- Experience in the Job or Tenure
- High Performance Level in Two or More Recent Review Cycles
- Skillset That Matches the Minimum Requirements of the New Role
Characteristics to Look for When Promoting People
- Things to Consider Before You Make Your Final Decision
- Qualities to Look for When Hiring or Promoting People
Does Your Company Have a Promotion Policy?
- Why Your Company Should Have One
- Job Postings - Internal and External
- Preparation for Your People to Be Promoted
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on June 25, 2021.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Ronald A. Sereika
Mspark
Ronald A. Sereika, CCE, CEW
- Director of credit and payment solutions for Mspark
- 34 years of managing credit departments
- Speaker at NACM Credit Congress and NACM Eastern Credit conference, and taught NACM CAP classes
- Author of articles in Credit Magazine, The importance of building relationships
- Member of NACM and past member of several trade groups and NAA
- 2010 NACM Instructor of the Year, 2013 NACM CCE of the Year
- B.S. degree in accounting, Fredonia State University; certification in credit and finance, Amos Tuck School at Dartmouth University
- Can be contacted at [email protected] or 585-705-0304
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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