We study optimal promotion decisions of hierarchical firms, with one junior and one senior managerial position, which interact in a search and matching labour market. Workers acquire experience over time while being employed in a junior position and the firm has to determine the experience level...

Human resources management (HRM) as a function providing organizations with workforce and thus assisting the achievement of organization’s business strategy is an inevitable element of contemporary organisation’s arrangements. Passing through different stages from conventional one to...