Promotion and Reward Policy of State Bank of India

Introduction

Objective of this study is that to examine the influence between pay level and work performance, and to examine the influence between benefits and work performance, also to examine the relationship between raise satisfaction and work performance and to examine the influence between salary administrative and work performance.This Promotion and Reward Policy of State Bank of India mba marketing project study is conducted in a conceptual way. Each organization needs to maintain a balance between the internal sources of personnel promotion and external sources by means of recruitment. Hence, promotion must be based on consistent, fair and clear cut policy. Workers are both inwardly and outwardly driven by natural rewards. The incentive system must consider the two motivation wellsprings to be viable. All incentive systems depend on the expectations of individuals being drawn in, carried, and propelled.

The National Institute of Personnel Management (NIPM) has suggested a promotion policy on the following lines: Drawing up an organization chart to make clear to all the ladder of promotion. Where there is a job analysis and a planned wage policy, such chart is quite easy to prepare. Making the promotion system clear to all concerned who may initiate and handle cases of promotion. Every company needs to maintain a balance through hiring between internal staff promotion sources and external sources.

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