Promotional guidelines slide deck
 

Promotional guidelines slide deck

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Highlights and key data from the WorldatWork Promotional Guidelines study

Highlights and key data from the WorldatWork Promotional Guidelines study

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    Promotional guidelines slide deck Promotional guidelines slide deck Presentation Transcript

    • Promotional Guidelines Key Findings from the WorldatWork Survey of Promotional Guidelines, 2010 © 2010 WorldatWork. All rights reserved. View video here.
    • Definition of “Promotion” “Which of the following best describes how your organization defines an employee “promotion?” Please select all criteria that are REQUIRED to be considered a promotion. (n= 719)
    • Size and Determination of Promotional Increases “In 2010 (or current fiscal year), what has been the average promotional increase, expressed as a percentage, for each employee class in your organization? Please specify a percentage for each employee category. If the employee category is not applicable for your organization, please leave it blank.” 1 The mode is the number that occurs most frequently in the dataset.
    • Size and Determination of Promotional Increases The most influential factors in determining the amount of the increase are: Pay range of the new position (cited by two-thirds of the respondents) Rates paid to other employees in similar positions (60%) External pay data (36%) A majority of organizations (77%) do not limit the number of grades or levels employees are permitted to move during a single promotion while 11% limit grade movement for some promotions and 12% limit all promotions.
    • Size and Determination of Promotional Increases For non-exempt employees, average promotional increases are statistically higher in organizations with turnover rates above 16%. This likely stems from industries where rapid increases in pay are the norm and employees may jump from one employer to another for even nominal differences in hourly rates of pay. 2 Organizations that reported a turnover rate of 16% or higher additionally report a statistically higher average for nonexempt promotional increase rates.
    • Number of Promotions Summary of the percentage of employees promoted in 2009 together with the percentage of employees promoted in a typical year. 3 A paired sample t-test demonstrated a statistically significant difference between annual promotions given in 2009 and 2010 (p<.000). 4 A value of 98 was submitted and considered excessive. This value was excluded from the analysis.
    • Funding of Promotional Increases “How does your organization fund promotional increases? (Check all that apply.)” (n= 600)
    • Communication of Promotional Guidelines “What is your organization’s approach to the communication of promotional guidelines or policy?” (n= 622)
    • Lateral Position Movement “Are employees typically eligible for a promotional increase when moving laterally?” (n= 622)
    • Timing and Frequency of Promotions “How soon after hire are employees eligible for a promotion? Please choose an answer for each employee category.”
    • Timing and Frequency of Promotions Three-fourths (74%) of organizations allow promotions to occur “as needed,” with only 17% indicating that promotions occur at only one set time annually.
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