At the heart of a great company, lies great people. Common wisdom, then, says your company needs to seek superstars, recruit them, and watch them fatten your profits.
Logical, it seems. Yet:
Common wisdom is wrong, yet again, and again, and again, and again.
Hiring superstars won't drive your company to become Wall Street's next angel. The reasons: dc06b367ad7b15631d7bc348fa06c160
What should you do instead?
Forget superstars.
They're expensive. Sure, a small percentage could very well help your company, but most won't. Instead, look to potential superstars. We affectionately call them Poperstars. They're hungry. They're wanting to change the world. And importantly, they'll work their butts off at a tenth of the price of a superstar.
Then once you get Poperstars, focus on growing that talent.
Says Nanda and Nohria: "In business, the only viable strategy is to recruit good people, develop them, and retain as many of the stars as possible."
Poperstars rock.
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Small Business Trends » Visit Carnival of the Capitalists at the Barry Moltz Blog
Posted @ 08:22 PM on August 15, 2006
[...] Be sure to check out the entry submitted by Trizoko Biz Journal, entitled “Why You Shouldn’t Hire Superstars.” Based on experience I happen to agree with the premise of the article. That doesn’t mean you shouldn’t hire good people — of course you should. But the superstar is a special breed. My biggest objection with hiring superstars is that their expectations and yours as the employer are almost never aligned. So the relationship tends to be short-lived and disappointing. Read the article to see why. [...]