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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 76
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Human Capital Management (HCM) Software For Enterprises In 2022 & Beyond

Walk Me

HCM is a holistic approach to managing people, encompassing everything from recruiting and onboarding to performance management, learning, and development. When done well, HCM can help businesses attract, develop and retain the talent they need to succeed in the digital age. This is where human capital management (HCM) comes in.

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Talent Management: 10 Tips for a Successful Strategy

AIHR

Key focus areas: Talent management touches on all key functions of HR , including recruitment and selection , performance management , rewards , and employee development. Improving employee retention Losing top performers is costly, both in terms of recruitment and lost productivity.

Manager 110
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Chick-fil-A’s Dan Cathy On Exceeding Customer Expectations

Chief Executive

One thing that stands out in reading about your father’s approach to running the business is that you don’t benchmark against another chicken sandwich joint. When you say you’re benchmarking against the best, you’re looking at Ritz-Carlton. In a growing organization, it’s all about leadership development, grooming and nurturing.

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The Future of Talent Management: Urgent Tipping Points and Shifts Needed to Succeed

AIHR

Era 2: Predictable leadership development As external talent pools started depleting, the focus of talent management shifted towards talent development. Companies soon realized a lack of office-based skills and executive roles, prompting them to acquire smaller businesses for their managers and executives.

Manager 74
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12 Types of HR Reports For Better Business Decisions [+ Free HR Board Report Template]

AIHR

An HR report provides critical insights that enable HR professionals and organizational leaders to make informed decisions about their workforce related to recruitment , training, compensation, and resource allocation. What types of employees do we have? This information helps in identifying trends and assessing workforce composition.

Metrics 62
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Learning and Development

AIHR

Reskilling and upskilling individuals for specialized technical roles and developing their soft skills prepares the workforce to adapt, foster innovation, and meet the organization’s future labor needs. Instead of recruiting externally, Telefónica committed to investing in reskilling and upskilling current employees.

ROI 92