Online Business Dictionary
Home
Answers
Videos
Article
Tips
Browse by subject
Most Popular
Term of the Day
BusinessDictionary.com
ratchet effect
Definition
Tendency of people to be influenced by the previous highest (or best) level of a
factor
(
variable
). For example,
workers
'
satisfaction
from the
current
salary
increment
depends on how it compares with the highest increment received in the past.
Related Videos
http://www.businessdictionary.com/definition/ratchet-effect.html
Get our free
Term of the Day
newsletter!
Privacy Policy
Email
Print
Cite
Link
Copy and paste this HTML in your website to link to this page
Nearby Terms
raster image processor (RIP)
rasterize
ratable
ratable value
ratchet
ratchet clause
ratchet effect
rate
rate and term refinance
rate base
rate card
rate discrimination
rate intermediation
Popular 'HR, Recruiting, Teams, & Training' Terms
dislocated worker
organizational structure
technical skill
job specification
motivation
values
job design
recruitment
human resource management (HRM)
personnel management
Browse by Letter:
#
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z