How a Financial Institution Transformed Promotions with Knockri
Industry
Financial Institution
Region
United States
No. of Candidates
1800+
The Challenge
With over 7,000 employees, the company faced challenges in promoting the right internal talent to leadership roles. Its manual, subjective promotion process often led to delays and inconsistencies, making it difficult to fill key leadership positions efficiently. Additionally, the organization aimed to boost diversity in leadership roles, particularly among technical teams, but needed a structured and bias-free approach to identify high-potential talent across diverse backgrounds.
The client sought a streamlined, objective solution to assess and prepare employees for leadership, creating a strong internal pipeline for promotions.
The Solution
Over a six-month period, Knockri deployed an AI-powered assessment framework aligned with the company’s key competencies for leadership, including strategic thinking, financial acumen, and risk management. The platform evaluated over 1,800 internal employees, providing data-driven insights on each individual’s strengths and readiness for advancement.
Knockri’s automated assessments created a pre-qualified talent pool for leadership roles, enabling HR and department heads to fill positions in as little as one week. Each individual received personalized feedback on their performance and areas for development, promoting a culture of continuous improvement. The advanced analytics provided by Knockri also allowed the organization to track diversity metrics and optimize their internal promotions for equity and inclusion.
The Impact
Knockri’s solution had a transformative impact on the institution’s promotion process, helping it achieve faster, more cost-effective, and more inclusive talent management outcomes. Key results included:
- Significantly Faster Promotion Cycle: The average time to fill leadership positions dropped from 30 days to just 7 days, a 77% improvement, allowing the client to address leadership needs rapidly and efficiently.
- Increased Diversity in Leadership: The platform contributed to a 35% increase in representation of women and minorities within the executive pipeline, supporting the stock exchange’s commitment to building a more inclusive leadership team.
- Cost Savings: By automating the assessment and promotion process, Knockri reduced the cost per promoted employee by 50%, saving the organization over $250,000 in administrative expenses over six months.
per employee
time to promote
in leadership