A recent study of more than 1,000 newly hired CEOs, software developers and other professionals finds that many top performers fizzle out quickly. Details:
- After a star moves, his or her performance almost always sags and drags down the new group’s performance.
- Most stars don’t stay with their new jobs very long, despite the high salaries they receive. If you get a year or two of service from them, you’re lucky.
“When the star leaves the old company for the new,” say the researchers, “he also leaves behind many of the resources that contributed to his achievements. He is unable to repeat his performance in another company; at least not until he learns to work the new system, which could take years.”
Instead, the researchers conclude, you should cultivate people from within the ranks, and then take pains to retain the talent you’ve developed.
— Adapted from “The Risky Business of Hiring Stars,” Boris Groysberg, Ashish Nanda, Nitin Nohria, Harvard Business Review.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/7496/plucking-stars-doesnt-always-work "