BOSTON (Reuters Life!) - How can you know whether someone is truly ready for the next challenge or deserving of that bump up in pay? Harvard Business Review has some ideas.
The Management Tip of the Day offers quick, practical management tips and ideas from Harvard Business Review and HBR.org (www.hbr.org). Any opinions expressed are not endorsed by Reuters.
"Promotions are a useful tool for recognizing and motivating top employees. Next time you consider moving someone to the next level, do these three things first:
1. Assess current performance. Be sure the employee can do the job you might promote her into. Take a look at her current performance and the markers that indicate future performance.
2. Make sure there is a match. Consider whether the new job is something she will enjoy doing. Just because someone is good at a job, doesn't mean she will take pleasure in it.
3. Experiment before pulling the trigger. Design an assignment that is similar to the tasks and challenges of the new job to test the employee's ability."
-Today's management tip was adapted from "When to Reward Employees with More Responsibility and Money" by Amy Gallo.