The internal promotion rate measures when internal candidates fill open positions in an organization. This rate is calculated by dividing the number of internal candidates promoted into open positions by the total number of employees considered for those promotions.
When a company has a high promotion rate, employees are being promoted from within the company instead of being recruited from outside. There are several benefits to keeping a high internal promotion rate:
On the other hand, internal promotions can have several negative consequences for a business if done incorrectly. Internal transfers may result in certain disadvantages for the firm, considering that a top performer in one division is transferred to another to manage distinct responsibilities.
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