A Canadian Bank Has, for Several Years, Established Formal Promotion

question 89

Essay

A Canadian bank has, for several years, established formal promotion procedures and published these procedures so all employees are aware of the criteria by which promotions are rewarded.What are the benefits to the bank of doing this?
Replacement summaries are better utilized.
A greater number of qualified employees are likely to be considered for openings and managers have more discretion in promotion decisions.
A greater number of qualified employees are likely to be considered for openings and promotion becomes more closely linked to performance for employees.
Managers have greater autonomy and more discretion in promotion decisions.
None, there are no benefits.

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Definitions:

Pubococcygeus

A muscle of the pelvic floor that supports the pelvic organs and is involved in urinary control and sexual function.

Occipital Bone

A bone at the lower back part of the skull, contributing to the cranial cavity's posterior wall and base.

Spinalis Cervicis

The spinalis cervicis is a muscle in the back of the neck that is part of the erector spinae muscle group, aiding in extending the cervical spine (neck).

Longus Colli

A deep muscle of the vertebral column, located in the neck region, responsible for flexing the neck and head.