The peter principle revisited: An economic perspective

The peter principle revisited: An economic perspective

The Peter Principle, "every employee tends to rise to his level of incompetence," suggests that firms cannot gain long range benefits from promoting employees over time. Why then do they continue to promote? This analysis offers a rational economic explanation why they do.

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Bibliographische Detailangaben
Veröffentlicht in:Human resource management 1979-12, Vol.18 (4), p.1-5
Hauptverfasser: Schaefer, Mark E., Massey, Fred A., Hermanson, Roger H.
Format: Artikel
Sprache:eng
Schlagworte:
Disequilibrium
Employee promotions
Employees
Innovations
Productivity
Profit margins
Profitability
Technology adoption
Wage rates
Wages & salaries
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Beschreibung
Zusammenfassung:The Peter Principle, "every employee tends to rise to his level of incompetence," suggests that firms cannot gain long range benefits from promoting employees over time. Why then do they continue to promote? This analysis offers a rational economic explanation why they do.
ISSN:0090-4848
1099-050X
DOI:10.1002/hrm.3930180402