promotion

career

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Last updated

June 11, 2026

Quick Summary

Promotion refers to an advancement to a higher rank or position, often as a reward for tenure or performance. This can involve an upgrade or elevation within a company, such as being moved to vice president after several years of service.1

A "lateral" move, in contrast, is a job change that maintains a similar job level and salary, without necessarily involving a promotion. This term is also used in sports, particularly football, to describe a pass made sideways or slightly backward between teammates.2

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Training and promotion
An initial part of typical on-the-job training often involves socialization into the practices, values, and culture of the organization. Another source of training and development lies in the career paths and job rotation policies of the firm. One large multinational firm, for example, devised…
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An initial part of typical on-the-job training often involves socialization into the practices, values, and culture of the organization. Another source of training and development lies in the career paths and job rotation policies of the firm. One large multinational firm, for example, devised…
Read More