Career planning is the process of matching careergoals and individual capabilities

with opportunities for their fulfilment. Career planning is a process of developing

human resources rather than an event. It is not an end in itself but a means of
managing people to obtain optimum results.

Definition: Promotion is vertical movement of an employee within the organisation.

In other words, promotion refers to the upward movement of an employee from one
job to another higher one, with increase in salary, status and responsibilities.

EMPLOYEE TRANSFER. ... It is lateral movement of employee in an organization

by the employee. “A transferinvolves the shifting of an employee from one job to
another without changing the responsibilities or compensation”. Transfers of
employees are quite common in all organizations.

Demotion is just opposite to promotion. In demotion, the employee is shifted to a

job lower in status, grade and responsibilities. “Demotion refers to the lowering
down of the status, salary and responsibilities of an employee.”