The benefits of promoting your staff

Hello readers, today I will be telling you about promoting your staff. Your staff are valuable to your business, as you need them to execute the day to day activities of your business, so promoting them on a timely basis will make them feel appreciated and it will motivate them to put in their best. Promotion enhances motivation, so do promote your staff when they are due for promotion.

You need the loyalty of your staff. To ensure that your staff stays loyal to you, you should promote them when they are due for promotion. As not promoting them could make highly talented individuals stop being loyal to your company, thus making them look for another company to work for. You do not want to lose your highly talented staff to another company.

It is cheaper to promote staff from within than to employ a new person to take up a position within your organisation. You have to pay the cost of advertising as well as the cost of training the staff. It also takes time in terms of assessment processes. It could take months for the person or people hired to get used to the system, thus reducing productivity within your organisation. You do not want to slow down productivity.

Promoting your staff also serves as an incentive to ensure innovation within your business. It also encourages staff to what to develop themselves. It also reduces discontentment amongst staff as it keeps the staff interested in the job.

Thank you for reading this article. Keep checking out my blog regularly, cheers!

Comments

Eid Mubarak

Hope you have a good one

How can your strategy be successful

Hello readers, today I will be telling you about ways to make your strategy a successful one. The scope is your strategy must be fit, in other words your strategy must be consistent with the environment your business operates in. When I say environment, I am talking about both external and internal environments. Thus, you must understand the political, economic, socio-cultural, technological and legal environments your business operates in. The environmental protection that affects your organisation must also influence you when formulating your strategy. Therefore, PESTEL analysis can be used to understand the external environment of your business. The internal environment also needs to be understood, as your strategy must also be in alignment with the internal environment. Understanding your internal environment will help you know the resources your business has, the capabilities of your business as well as the structure and system. The SWOT analysis can be used to help y...

The Istikharah Prayer

Hello readers , today I will be telling you about the Istikharah prayer. It is a prayer of guidance. When you want to make a major decision in your life, it is best you seek Allah's guidance. You should always pray to Allah to guide you through the right path in your daily activities. Istikharah prayer is recommended for a major decision such as getting married, starting a business and others. How do you perform the Istikhara prayer? Make two rakats (Nafila). During your first rakat, after reciting Surat Fatiha recite Surat Ikhlas, during your second rakat after reciting Surat Fatiha recite Surat Kaafirun. After saying Asalam Alaykum Waramatullahi to the right and then the left recite this: "Allahumma inni astakhiruka bi-ilmika wa astaqdiruka biqudra-tika, wa as'aluka min fadlikal Azeemi fainnaka taqdiru wa la aqdiru, wa ta'lamu wa la a'alamu, wa Anta Allamul-Ghuyubi, Allahum-ma in kunta ta'lamu anna [then mention the thing to be decided] khairun ...

Islam and Business Finance

Search This Blog