Hiring the Best Performers
I was fascinated by an article in the WSJ recently (June 1, 2016 “How to Hire the Best Performers“)
Mr. Sullivan noted that 5% of your workforce produces 26% of your company’s output! He also said that often HR doesn’t measure failed hires. Without a feedback loop, you can hire Homer Simpson and he stays forever and no one goes back and fixes it. Also that a vacant position for a revenue-generating job costs a lot of money. The best people are already working, you have to steal them — you try to steal your competitor’s customers every day, why not steal their best employees?
