Preferment (noun)

The act of promoting or advancing someone to a better position or status.

Origin:

Middle english: from old french preferment, from latin praefermentum, from praeferre "carry before" (see prefer).

Examples:

1. He was passed over for preferment in the company.
2. She was given a preferment to a higher position in the government.
3. The preferment was a sign of his hard work and dedication.
4. The preferment came as a surprise to him.
5. The preferment was a sign of his success in the field.