Promoting an existing employee to a higher rank should be an integral component of a company’s internal growth policy as it is essential for fostering a positive work environment, retaining top talent, and developing future leaders within the organization. Precisely for this reason, Feroniki SA International Shipping Forwarding, Globalia member in Piraeus, Greece, is investing in internal growth by training, and promoting the employees. “We care first and foremost for our employees to be happy with their work environment and see themselves as part of our successful journey,” says Ms Rania Skouta the Manager of Operations of Feroniki SA.
Employee promotion entails a rise in salary, an increase in responsibilities, a rise in position, status and benefits within an organization. The result in most cases is a greater level of employee dedication, leadership development, increased morale, job satisfaction and increased loyalty towards the organization. Ms Skouta explains, “We are a company that values its personnel like a family. We value our employee’s cares & needs and we treat them accordingly. Therefore, with our employee training, we hope to give them a sense of achievement and job satisfaction that would result in better performance and better overall organization outcomes.”
|Employee turnover can cost small companies a great deal of expenses. Replacing a long-term employee can cost a company around 150% of the worker’s salary. This cost includes the price of hiring a new employee and the indirect expenses in terms of lost internal expertise, and time spent on training. Regular promotions increase employees’ likelihood of staying with the company since they feel valued and recognized for their contributions. Moreover, it leads to increased employee retention and a reduction in turnover rates.
With our employee training, we hope to give them a sense of achievement and job satisfaction that will result in better performance and better overall organization outcomes
Keeping in line with their commitment to care for their employees Feroniki SA is promoting those “in current junior positions to the position of managers and managers to directors by the end of the year and new candidates to join as juniors.” Additionally, Feroniki SA believes that any successful company in the transportation and logistics industry should understand the importance of having a trained and skilled workforce. For them, investing in talent is one of the best ways of retaining the best employees who are the biggest assets of independent freight forwarders.
Employee training has become a crucial business strategy across industries not just to retain employees but also for the creation of a highly skilled and professional set of workers. Employee training programmes seek to coach the newly recruited workers, get them acquainted with vital industry topics and prepare them for the industry challenges. Feroniki SA is presently training in management and directorial positions while their HR department is evaluating the timetables and workload.
Their internal growth endeavours are “allowing the team to go beyond their immediate work roles and take up more responsibilities involving decision-making. Simply stated, our employee promotion and employee training efforts will boost the future performance of our team, and adapt them to the changes in the industry. Undoubtedly, only those companies that keep evolving with the changing environments perform best over time.”
Allowing the team to go beyond their immediate work roles and take up more responsibilities involving decision-making. Simply stated, our employee promotion and employee training efforts will boost the future performance of our team, and adapt them to the changes in the industry…
Lastly, Rania Skouta also points out that promoting employees who have been with the company for a long time allows for the transfer of industry knowledge and expertise to newer employees. Of course, our employee-first policies will allow more personnel to be in service and ensure that they would be more experienced and well-trained to meet the needs of the client,” he added.