This measure calculates the average percentage of senior management/executive positions filled by internal promotion for the past three years. Senior management/executive refers to the staffing category consisting of the highest-ranking officers and the managers below executives. These managers would typically have several managers reporting to them and have functional or business unit responsibility. Sample titles might include CxO, Executive vice president, Director, and Sr. Vice President. This Process Efficiency measure is intended to help companies minimize waste and refine resource consumption related to the process group "Recruit, source, and select employees".
Percentage of management positions filled by internal promotion versus external recruitment for senior management/executive employees for the past three years
Process efficiency represents how well a process converts its inputs into outputs. A process that converts 100% of the inputs into outputs without waste is more efficient than one that converts a similar amount of inputs into fewer outputs.