“…From an employee's perspective, promotions are linked to wage increases and are therefore a determinant of wage outcomes (Gerhart and Milkovich, 1989;Holmstrom, 1994a, 1994b;Francesconi, 2001;McCue, 1996;Pergamit and Veum, 1999;Bognanno, 2001). Promotions are also linked to authority (Bihagen and Ohls, 2006;Pergamit and Veum, 1999), training opportunities (Pergamit and Veum, 1999), and increased job satisfaction (Pergamit and Veum, 1999;Francesconi, 2001).…”