Download Promotion Rate Calculator Excel Template

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Promotion Rate Calculator is an excel template to calculate percentage of promotion taking place in a company during a specific period of time. By entering 2 fields you can calculate promotion rate for your company.

Promotion Rate

  • It helps managers to recognize employee commitment to the company and his performance.
  • It encourages employee to perform well.
  • A competitive spirit employee is necessary. Promotions help to ignite fire.
  • Provides employee a sense of job satisfaction where he is valued for work done and makes them loyal and sincere to the company.

What is Promotion Rate?

Moreover, The promotion rate is percentage of promotion taking place in a company during a specific period of time against  total employees that are eligible for the promotion.

In other words, it is average rate at which employees are promoted in an organization. So, A higher rate of promotion puts company into good books.

Formula To Calculate Promotion Rate

The promotion rate is calculated in two ways:

  1. Against Eligible Promotions
  2. Against total Head Count

Promotion Rate Calculator Excel Template

To simplify the process and help you get both types of sales promotion rates together. We have create a simple and easy Promotion Rate Calculator Excel Template with predefine formulas.

Thus, You just need to enter very few details and it will calculate promotion rate for you.

How to use the Promotion Rate Calculator?

There are 2 sections:

  1. Promotion Rate (General)
  2. Promotion Rate Department Wise

1. Promotion Rate (General)

As discussed earlier, promotion rate has been calculate in both ways; against eligible promotions and also against total headcount.

Therefore, you need to enter 2 details; No. of Promotions and No. of Employees Eligible for Promotions. This will give you promotion rate against eligible promotions.

Moreover, you need to enter 2 details; No. of Promotions and total headcount. Thus, it will give you promotion rate against total headcount.

2. Promotion Rate Department Wise

This section is useful when the company has a higher number of employees and different departments. Enter following 3 details for each department:

No. of Promotions
No. Of Eligible Employees for Promotion
Total Headcount

Thus, This will calculate promotion rate for each department and also the total promotion rate for the company.

Download Promotion Rate Calculator Excel Template

To use this free Excel Template, you should have Microsoft Office/ Microsoft Excel. You can only use this template if you have these applications in your system. or Use, Google Sheets. 

After installing Excel or Spreadsheet, download the xlsx file of this template to use it

Once extracted, you can open the file using Excel and start entering data or customizing the template.

Click The Button Below To Download Promotion Rate Calculator Excel Template

Instruction :

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