First, let us look at how Peter’s principle works. Peter principle - Wikipedia.
It states that the selection of a candidate for a position is based on the candidate's performance in their current role, rather than on abilities relevant to the intended role.
Thus, employees only stop being promoted once they can no longer perform effectively, and "managers rise to the level of their incompetence".
- The biggest career mistake that people usually make is that they tend to over estimate their worth in the short term and underestimate their worth that is possible in the long term.
- Often many people end up in a sub optimum job (where they do not like either of work, co-workers, or boss), and do not move out of it, and think that they will get a promotion next year or so.
- Then when they do not get a promotion, they think that they have incurred one more year in the sunk cost, so they should stay for one more year, wait for a promotion, and then move.
- If they still not get one, then they tend to give up, and lower down their own performance(second biggest mistake) which is when it is even harder to get a promotion and that is exactly how they get stuck where they are.
- Then, family and multiple other obligations come up, and the likelihood of getting promoted or to find a better job goes down even further.
- Then, they enter a stagnation mindset, in which they spend multiple years.
- Eventually, companies do promote them, and this can all happen at least two to three times until eventually they make it to a position where they are not the most competent persons for the job, they are actually incompetent for them.
- Unfortunately they take up those roles(third biggest mistake) and ruin the companies they work for.
How not to make these mistakes?
Thinking:
- In the initial years, it is often very tempting to think that you are really amazing. Unfortunately, you actually are not, so stop thinking you are amazing.
- Instead, focus on what will actually make you so amazing that you can do a job two levels above your job. Sure this will not happen overnight. This will happen in 10 years, but one must plan like that.
- In short, people should actually prepare themselves for two grades above where they are in terms of their thinking.
- That is, always think like your boss’s boss.
Doing:
- To actually do the work, you should work as if you are your boss.
- Learn the technical things very systematically, and try to make everything really easy for your boss.
- Become the person who can train all others around you as if your boss was to do this task.
- Work very closely with customers and find out how you can satisfy them.
- Network with as many people as you can, and grow this way as much as possible in your current job.
- That is, always work like your boss.
- If you succeed in thinking like your boss’s boss, and doing like your boss, then be assured, that you are sure to get promoted sooner than later.
- As soon as you get promoted, start thinking again about your boss’s boss and start working like your boss. Perhaps they are still the same persons, or probably different persons.
- Always keep the enthusiasm alive, and never ever give up in your life.
- Sometimes promotions will happen on time, and sometimes not.
- Your work ethics are in your hands, but promotions really are not.
- Also, never tie your happiness with your promotions, otherwise you will never be happy.
Now some people will say why not work on your own start-up? And I will say - sure that will certainly be amazing, but even then, this is how you really need to inspire people in your organization and you are sure to succeed.
Stay blessed and stay inspired!
-Rohit Malshe