The Risky Business of Hiring Stars  

Oleh:

Nanda, Ashish ; Groysberg, Boris ; Nohria, Nitin

Jenis: Article from Bulletin/Magazine - ilmiah internasional
Dalam koleksi: Harvard Business Review bisa di lihat di link (http://web.b.ebscohost.com/ehost/command/detail?sid=f227f0b4-7315-44a4-a7f7-a7cd8cbad80b%40sessionmgr114&vid=12&hid=105&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=bth&jid=HBR) vol. 82 no. 5 (May 2004), page 92-101.
Topik: BUSINESS; employee development; human resources management; management of professionals; management performance; managerial selection; recruitment

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Perpustakaan Pusat (Semanggi) Nomor Panggil: HH10.25 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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With the battle for the best and brightest people heating up again, you're most likely out there looking for first - rate talent in the ranks of your competitors. Chances are, you're sold on the idea of recruiting from outside your organization - developing people within the firm takes time and money. But the authors, who have tracked the careers of high - flying CEO s, researchers, software developers, and leading professionals, argue that top performers quickly fade after leaving one company for another. To study this phenomenon in greater detail, the authors analyzed the ups and downs of more than 1,000 star stock analysts, a well - defined group for which there are abundant data. The results were striking. After a star moves, not only does his performance plunge, but so does the effectiveness of the group he joins - and the market value of his new company. Moreover, transplanted stars don't stay with their new organizations for long, despite the astronomical salaries firms pay to lure them from rivals. Most companies that hire stars overlook the fact that an executive's performance is not entirely transferable because his personal competencies inevitably include company - specific skills. When the star leaves the old company for the new, he also leaves behind many of the resources that contributed to his achievements. As a result, 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. The authors conclude that companies should focus on cultivating talent from within and do everything possible to retain the stars they create.

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