Yet hiring managers, VCs, and tech-focused talent agencies worship at the altar of the A-player, assuming that they need a fleet of superstars to build a great company. And they’re willing to steal them, if necessary. … After all, exceptional employees aren’t just a little bit better than the average worker. They’re 1,000 times better. They’re more productive, more creative … more everything. We should shower them with money and perks and do whatever it takes to keep them happy. Right? | |
Wrong. Companies are better served when they double down on cultivating in-house talent instead. Sure, superstar workers exist. And yes, they can be extremely productive and beneficial to a company’s bottom line. But their stardom is frequently context-specific, and it doesn’t always survive the transfer. When Harvard Business School professor Boris Groysberg looked at the talent portability of 1,052 rock-star financial analysts, he found that about half did poorly in the year following their switch. And those whose work suffered never recovered. | |
… | |
Star talent is partly innate, sure, but it’s also linked to specific teams and projects or just the culture of a company. As Jeffrey Pfeffer, a professor of organizational behavior at Stanford, puts it: “People’s performance is a function not just of their individual abilities but also of the systems in which they work.” Talent, it seems, really hates to move around. | |
— Bryan Gardiner | |
From the article: “Forget Stars — Companies Do Best When They Grow Their Own Talent“ | |
Appearing in: Wired Magazine, dtd: July 2016 | |
The following is a link to the original article: http://www.wired.com/2016/07/forget-stars-companies-best-grow-talent/ | |
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Posts Tagged ‘Forget Stars — Companies Do Best When They Grow Their Own Talent’
Talent Hates To Move
Posted in Quotes, tagged Boris Groysberg, Bryan Gardiner, Business, Forget Stars — Companies Do Best When They Grow Their Own Talent, Harvard Business School, Jeffrey Pfeffer, Quotes, Stanford University, Superstar Employees, Talent, Wired Magazine, Wired.com on March 1, 2017| Leave a Comment »