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What is a (Good) Promotion Rate and How To Calculate It

AIHR

Knowing how to calculate the promotion rate and benchmark your internal promotion rate against competitors allows businesses to understand how well they are promoting from within and pinpoint areas where promotion policies and practices could be improved. SHRM’s benchmarking report states that the average promotion rate is 6%.

Metrics 98
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Chief Talent Officer: Everything To Know About This Role

AIHR

The chief talent officer creates processes to optimize hiring, build relationships for candidate pipelining and succession planning, and manage short and long-term staffing requirements. Finding and developing them is critical to your business’s success. People are your most important resource in the organization.

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How to Develop a Staffing Planning (With Staffing Plan Example)  

AIHR

Used as a model, a staffing plan is a detailed illustration of the organization’s talent pool. It highlights the roles needed in each business unit, the required skills and competencies, succession planning, staffing budget, and ongoing development.

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Skills Gap Analysis: All You Need To Know [FREE Template]

AIHR

In this article, we will explain what a skills gap analysis is and why it’s a useful tool, and share a three-step approach to conducting a skills gap analysis. It’s difficult to start planning for the future if you don’t know exactly where you currently stand from a skills perspective. It rose from 55% to 69% in the past year.

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What Is a Competency Model? Expert Guidance on Developing Yours

AIHR

This article discusses the key benefits of an effective competency model, the different types, and how to develop and implement one in your organization. Informs employee training and development needs, succession planning, and leadership development. Contents What is a competency model? Output is usually a competency framework.

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Your Ultimate Employee Commitment Survey Guide [Plus Example Questions]

AIHR

This can help with succession planning. Data such as employee engagement scores, job satisfaction ratings, and alignment with the company’s vision act as benchmarks, which can help you make key decisions across the business. Why measure employee commitment?

Scaling 111
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The Supreme Guide to Sales Compensation in 2023 (With Plan Examples) 

AIHR

Because sales compensation plans play a vital role in attracting and retaining top sales talent, HR needs to know how to design a competitive and appealing compensation structure that offers attractive incentives and rewards to drive performance and sales results. Contents What is sales compensation?