17 Jun Superstars are Your Best Bargain
Looking for a super-cheap way to boost productivity? Hire better people. Really. A multi-industry study published in Personnel Psychology (and reported by John Sullivan on ere.net) revealed the new 26-5 Rule: 26% of total output was produced by just the top-performing 5% of workers. In other words they produced 4X the output you would expect based on their numbers. Wow! But what’s even better news for employers? “They are generally paid less than 20 percent over an average worker in the same job.”
It confirms what we in the assessment industry have been saying all along. Invest a little bit to screen candidates upfront to assure you hire only top performers, and it will pay for itself many times over.