Do you: Promote people in hopes that they will perform well at the higher level? Wait until you’ve seen consistent performance at the higher level and then promote them? Both policies have pluses and minuses. Prospective promotions can be motivating but raise the specter of having to demote or even fire someone who doesn’t perform. Retrospective promotions make it safe for folks to reach for a bigger job but can feel dangly-carroty.
Perverse Incentives of Retrospective Promotions
Perverse Incentives of Retrospective…
Perverse Incentives of Retrospective Promotions
Do you: Promote people in hopes that they will perform well at the higher level? Wait until you’ve seen consistent performance at the higher level and then promote them? Both policies have pluses and minuses. Prospective promotions can be motivating but raise the specter of having to demote or even fire someone who doesn’t perform. Retrospective promotions make it safe for folks to reach for a bigger job but can feel dangly-carroty.