ENTREPRENEURSHIP

Detailed explanation-1: -Transfer refers to moving an employee from one position or department within a company to another, while promotion refers to advancing an employee to a higher position or rank within the same department or organization.

Detailed explanation-2: -Job rotation is shifting the employees from one job position to another. The new tasks help employees gain experience and skills by taking new responsibilities.

Detailed explanation-3: -A reassignment may include a change in duties, work location, days of work or hours of work and may be temporary or permanent. A reassignment may result in a change from the employee’s previous job classification.

Detailed explanation-4: -Moving employees from one job to another in a predetermined way is called Job rotation. Job rotation is a strategy where employees rotate between jobs at the same business. Employees take on new tasks at a different job for a period of time before rotating back to their original position.

Detailed explanation-5: -Delegation of authority is the process of transferring responsibility for a task to another employee. As a manager, you can typically transfer responsibility to any of your direct team members. That employee may then decide to delegate some of those responsibilities among their team members if necessary.