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Rotational development programs play a critical role in succession planning efforts and can help generate top-notch, well-rounded employees that can quickly move into management roles. This study identifies characteristics of leading rotational development programs for undergraduates and graduates. HR executives across various industries will be able to use this research to discover key practices, performance measures and trends of successful rotational development programs. This 31-slide presentation addresses a variety of topics, such as program logistics, program composition and structure, program impact, and top challenges and lessons learned.
1. The majority of benchmarked companies have fewer than 20 people in their rotational development program classes, which is a key definer of program success.
2. 86% of top rotational development programs accept individuals with majors directly related to the work function, compared with a slightly lower percentage (77%) of the benchmark class.
3. 73% of leading undergraduate and 90% of top graduate programs accept candidates into the programs only once a year.
4. Benchmark partners identified ongoing performance management, continuous feedback, and post-program follow-ups as key to developing high-quality candidates.
This research originated from a Best Practices, LLC Internet Benchmarking Exchange. It was conducted for a Business Excellence Board member and was based on surveys with benchmark partners across various industries.