Transfer of an employee refers to the process of shifting an employee from one job to another job within the same organization. It involves no change in salary, status, and responsibility of the employee. The transfer may be done to meet the organizational requirements or to fulfill employee's personal needs. Transfer is considered as one of the effective tools of human resource management to develop and retain employees.

Benefits of Employee Transfer:

1. Skill Development: Transfer of employees provides opportunities for skill development and career advancement. It helps employees to gain knowledge and experience in different areas of work.

2. Organizational Flexibility: Transfer enables the organization to meet the changing needs of the business. It helps to utilize the skills and knowledge of employees in different areas of the organization.

3. Employee Retention: Transfer contributes to employee retention by providing opportunities for career growth and development. It also helps to reduce job boredom and monotony.

4. Cost-Effective: Transfer is a cost-effective way to fill job vacancies without incurring the cost of recruitment and selection.

Types of Employee Transfer:

1. Production Transfer: It involves the transfer of employees from one production department to another production department.

2. Replacement Transfer: It involves the transfer of an employee from one job to another job due to the replacement of another employee.

3. Remedial Transfer: It involves the transfer of an employee from one job to another job to correct the problems related to performance or behavior.

4. Versatility Transfer: It involves the transfer of an employee from one job to another job to develop versatility and multi-skills.

Conclusion:

In conclusion, employee transfer is an effective tool for human resource management to develop and retain employees. It provides opportunities for skill development, career advancement, organizational flexibility, and employee retention. The different types of transfer enable the organization to meet the changing needs of the business and develop multi-skilled employees.