Promotion Rate
Percentage
The percentage of employees who receive a promotion within a given timeframe, typically annually. A substantial promotion rate can indicate a company's investment in employee growth and internal talent development. However, it's essential to balance this with external hires to ensure diverse skills and perspectives.
Formula
(Number of employees promoted / Total number of employees) x 100
Example
In a company with 500 employees, if 50 receive promotions, the promotion rate is 10%.