Panicked about receiving a payslip? The stress can make you worse at your job.
Worrying about being made redundant, feeling powerless due to changing workplace practices and uncertainty about your role can affect your job performance and hit your morale. Yet, purposefully creating an insecure environment is a tactic used in some industries – by placing additional demands and stressors on employees – in the mistaken belief that it will increase their performance.
There are a few versions of this type of management. One is the 20-70-10 rule, popularised by former GE chairman Jack Welch, which advocates firing the most underperforming 10% of employees. Another version, known as ‘up or out’, is a strategy employed by some firms in the law and consulting industries, where low performers, those who are not improving or climbing the career promotion ladder, get replaced.