Up or Out

What is Up or Out?

 

‘Up or Out’ refers to a practice in some companies where the employees are required by contract to achieve a certain level of progression within a stipulated time, failing which the employee is required to leave.

 

It is common in law firms as it was developed by the law firm ‘Cravath, Swaine, and Moore’ in the 1800s. It is also a part of the Cravath system that outlines management guidelines in law firms.

 

Critics of the system point out that it is not applicable in every industry as some industries like medicine require you to have a minimum tenure to proceed further no matter how good you are at your current position.

More HR Terms

Outsourcing

What is Outsourcing?   ‘Outsourcing’ is the process of hiring a third party to perform any insignificant tasks of a company in order to free

Layoff

What is Layoff?   Layoff is a temporary or permanent termination of a job for one or more employees due to operational or financial reasons

Functional Job Analysis

What is Functional Job Analysis ?    ‘Functional Job Analysis’ refers to the qualitative analysis of job designations and gathering data based on the employee’s

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