World Library  
Flag as Inappropriate
Email this Article

Up or out

Article Id: WHEBN0023310488
Reproduction Date:

Title: Up or out  
Author: World Heritage Encyclopedia
Language: English
Subject: Cravath System, Partner (business rank), Peter principle, Professors in the United States, Defense Officer Personnel Management Act
Collection: Human Resource Management
Publisher: World Heritage Encyclopedia
Publication
Date:
 

Up or out

In a up or out", also known as a tenure or partnership system,[1] is the requirement that each member of the organization must achieve a certain rank within a certain period of time. If they fail to do so, they must leave the organization.

Despite their widespread use in certain industries, a 1988 textbook by Michael Jensen noted that the effects of the system of productivity have not been studied in depth.[1]

Contents

  • Accounting firms 1
  • Consulting firms 2
  • Law 3
  • Military 4
  • Academia 5
  • See also 6
  • References 7
  • Further reading 8
  • External links 9

Accounting firms

Up or out is practiced throughout the accounting industry in North America,[2] most notably at the Big Four accounting firms,[3][4] which also practice this policy in other countries.[5]

Consulting firms

According to Leslie Perlow[6] this system was used at Boston Consulting Group for the advancement through the ranks of Consultant, Project Leader, Principal, Partner, and Senior Partner.

Law

"Up or out" is one component of the Cravath System for managing law firm staff. In this system, associate lawyers who fail to achieve partner status within ten years of hiring are required to leave.

Military

In the US military, the 1980 Defense Officer Personnel Management Act mandates that officers passed over twice for promotion are required to be discharged from the military.[7] Manning control within the British Army plays a similar role.

Academia

Tenure track professors in the United States are usually subject to an up-or-out system. Newly hired professors, most often with the rank of assistant professor, must impress their department with their accomplishments to be awarded tenure, usually but not always combined with promotion to associate professor. Those not awarded tenure within a fixed time may be terminated. This first promotion may be required for tenure and further promotions are neither guaranteed nor necessary.

See also

References

  1. ^ a b Michael C. Jensen (1998). Foundations of Organizational Strategy. Harvard University Press. p. 215.  
  2. ^ The Cultural Shaping of Accounting. Greenwood Publishing Group. 1995. p. 76.  
  3. ^ http://www.economist.com/node/9507322
  4. ^ http://www.big4.com/deloitte/big-4-culture-the-more-things-change-the-more-they-stay-the-same/
  5. ^ Paul Gillis (2014). The Big Four and the Development of the Accounting Profession in China. Emerald Group Publishing. p. 45.  
  6. ^ Leslie Perlow (2012). Sleeping with Your Smartphone (Hardcover).  
  7. ^  

Further reading

  • Schumpeter, (Sep 1st, 2010) "The shortage of engineers. Up or out", The Economist
  • Charles Batchelor (April 20, 2011) ‘Up or out’ is part of industry culture, Financial Times

External links

Military
  • Ending Up or Out
  • John T. Reed, "The U.S. military’s marathon, 30-year, single-elimination, suck-up tournament"
  • Up, Up and Out
  • Navy Officer Promotions
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.