Wednesday, April 16, 2008

Promotions Committees

Fourteen companies responded to our inquiry about Promotions Committees. One company said that they have a Promotions Committee. It was vague as to whether they require 100% agreement or will settle for a majority vote. They did not have a policy around the committee or any kind of charter. Only senior leaders are on the committee.

Three companies said they do not have a Promotions Committee and offered up no further information.

The remaining ten companies said that they do not have a Promotions Committee per se but either the executive team/management team/ops committee or R&D team leaders or Sales Directors or other body meets to review those being promoted. Some only review candidates at particular levels and above while others review all candidates. Most said they must reach consensus but three do not. None has a written policy or charter for the committee. Two said that you work directly with the Dept. Heads/VP’s, push back where necessary, and one then presents the list directly to the CEO.