A 2011 report released by ERC shows that the average time that it takes a top performer to be promoted for the first time at employers of choice is less than 2 years.
According to the 2011 NorthCoast 99 Winners Report, the average number of months that it takes top performers to be promoted for the first time is 18 months, however winners say they may promote top performers for the first time in as little as 6 months of employment at the organization.
Additionally, top performers in professional services and manufacturing industries tend to be promoted for the first time more quickly than top performers in the health and human services industry. Winners in professional services and manufacturing industries also are more likely to report that higher percentages of their top performers had been promoted from within during the last year and that their organizations’ training and development efforts had improved the advancement and engagement of their top performers.
In our experience conducting employee engagement surveys with many local employers, advancement and career development opportunities are consistently reasons that top performers cite as most important to their decision to stay or leave their organizations. Employers of choice are clearly creating a competitive advantage by identifying their top people early on and formulating effective leadership development programs and strategies to develop them into higher roles more quickly than other employers. As a result, these organizations generally see higher retention and engagement.
For more information or to purchase the NorthCoast 99 Winners Reports, please click here.