The Peter principle states that a person who is competent at their job will earn a promotion to a position that requires different skills. If the promoted person lacks the skills required for the new role, they will be incompetent at the new level, and will not be promoted again.
When there is a transition taking place, whether to a different job role, a new life stage, start a business or grow it to the next level – it will require different skills to make it a successful transition.
Here’s the thing – when companies (employers) are paying, people get training. When being self-employed, are professionals as committed to training to upgrade their minds & skills?
Training needs is a real-world paradox – because when success is needed the MOST, one finds the highest number of reasons to NOT invest in themselves to raise their competency & skills. Below are some situations where real personal development needs are often camouflaged by one’s perceived constraints of money or time.
- Starting a business
- Seeking a Consultant, Advisor or appointed as a Board member of public listed entities
- Building a coaching practise
- Being self-employed in sales-related roles
- Moving to a new role in corporate
- Next-level growth in revenue
- Stagnation of business or employment income
Above is not an exhaustive list; there’s probably more. However, these are the kind of transitioning experiences our clients have had, and in just a short time gained over 5x returns on their investment. How? By breaking out of their Peter Principle. What about you? How are you stacking up against your Peter Principle?
Author : DephyOon, CEO & lead performance coach at Paddee Connexions LLP. She regularly contributes insightful ideas and observations to help increase the value and quality of individual achievements, and has helped numerous clients be financially rewarded by increasing their emotional and intellectual competence. She is also the author of learning contents on IINCUBE, a custom learning-content platform for professionals. Read more about IINCUBE here.