The current recession has provided managers with a seductive environment available for the purchase of the “star” employees on the cheap. But the track record of such acquisitions of human capital has been mixed, with many companies not to integrate their new talent. Apparently, an organization can not just hire star employees and then expect those people automatically shine in their new environment. But how, then, companies can ensure that they hire the best of the talent they get? The author … Read more »

The current recession has provided managers with a seductive environment available for the purchase of the “star” employees on the cheap. But the track record of such acquisitions of human capital has been mixed, with many companies not to integrate their new talent. Apparently, an organization can not just hire star employees and then expect those people automatically shine in their new environment. But how, then, companies can ensure that they hire the best of the talent they get? The authors have found that in order to build a world-class organization of the star employee companies do not just hire the best and brightest and then the people in a non-Darwinian competition. Instead, organizations need to flourish the right environment for employees to provide and maintain. And that means avoiding a number of common pitfalls, such as falling for the “lone star myth” (companies often mistakenly believe that a single person alone to an entire department or organization) bend you over-estimate the importance of pay ( Companies often overpayment for the recruitment of top talent), so stars to go solo (performers are planned over-represented almost by definition, managers should never assume that cooperation is “just so”), which has become very individual to a department or group (top stars have colleagues across the organization to do their best) and neglecting homegrown talent.
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from
Boris Groysberg,
Linda-Eling Lee,
Robin Abrahams
Source: MIT Sloan Management Review
7 pages.
Release Date: 1 January 2010. Prod #: SMR339-PDF-ENG
What does it take to make ‘Star’ Hires Pay Off HBR case solution

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