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

## 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

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

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1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

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Promotion Rate Calculator Template

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