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With millions of working days lost in the UK each year, stress costs British businesses billions annually. To make matters worse, a landmark court case recently ruled that employers can be held liable for the effects of workplace stress on employees' health.
It's called 'The Peter Principle' in management-speak. You reward a star employee by promoting him to a managerial position and he proves to be an inept manager. Those over whom he was promoted and whom he now manages are irritated, and he is demoralised and discouraged.