Replacing Low Performers in 2010
Posted by EmployTest - on Wed, Jan 06, 2010 @ 10:48 AM
The number one project hiring trend of 2010 is...(insert drum roll)....
- Replacing lower performing employees
According to a December study commissioned by CareerBuilder.com, "thirty seven percent of employers say they plan to replace lower performing employees with higher performing employees."
Thirty seven percent? About one in three? Is that all? Not exactly an overwhelming number that's ready to make any changes--to clean house, so to speak. So what will the other 63% of the companies do? Continue to accept mediocrity or, worse yet, subpar performance? Do their customers and employees deserve that?
Jack Welch, the respected former CEO of General Electric, expected his business units to fire the lowest performing 10% of employees each year. Yes, each year. That culture catapulted GE into one of the top performing companies of the 90s.
After 18 months of stagnation and decline, 2010 will present some great opportunities for business growth. The current labor pool is flush with well qualified applicants that could make a difference in your organization in 2010 (pre-employment testing will help insure they're the right candidate). These potential new hires will be the ones that add to your client base and implement your strategy over the next few years. That is, if you hire them.
Will this be the year that you can clean up and take advantage of this great labor pool? Will you be one of the 37% who make improvements or the 63% who rest on thy laurels? Carpe diem.
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