Some think that only those people who have worked for a company for more years should be promoted to a higher position. Do you agree?
It is an undeniable fact that any
organisation
's true worth is known by the value of its human capital asset. A popular belief among a faction of the workforce is that the term spent by an employee with the organisation
is the critical determinant of their career growth
. However
, there is another set of people who oppose the idea of tenure being the deterministic factor. In my opinion, meritocracy alone should be rewarded with promotion, irrespective of the length of association with the company
.
In most cases, a company
's growth
is the apparent outcome of whether employees come to work to do a nine-to-five job or are enthusiastic about going the extra mile and contributing to the company
's success. Furthermore
, this
difference in a worker's attitude makes a remarkable impact on the long-term growth
of a company
. In particular
, the predominant reason that differentiates a company
from its peers is that it often has proactive employees who take initiatives to deal with new challenges facing the industry. To illustrate further
, a recent survey of over 100 organisations in the same field, revealed that companies that recognised and rewarded talented employees had an 80% higher probability of increased annual growth
.
As can be expected, ample opportunities are available for skilled employees in today's competitive job market. Not only is it challenging to find the right talent, but also
great effort goes in retaining top-performing employees. Hence
, a company
that sets a precedent of rewarding only long-tenured employees will have many diligent workers leaving the organisation
. For this
reason, a highly talented employee who is passed over for promotion for some long-tenured colleague will be highly de-motivated. She will have no qualms looking for better opportunities and moving to a company
that will merit hard work and efforts. In effect, this
will leave the organisation
with employees working at minimal levels of productivity, thereby bringing down the output level.
In conclusion, companies should revisit their appraisal policy and not promote people solely on their tenure. Overall, I would strongly affirm that organisations should recognise and reward talented employees with commensurate remuneration based on their efforts and contribution to the workplace.Submitted by RS on
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