Insights on 360° feedback and leadership development
It’s officially holiday season time. There’s the good: helping your kids create childhood memories, spending time with loved ones, and watching the snow fall. And then there’s the bad: hanging…
So anyone working in the business community has been put on a team in one way or another. Some people love working in a team environment, while others feel they…
As Thanksgiving approaches, we are reminded about what we should be thankful for. Responses usually vary, from family to winning football records to pumpkin pie to job security. But if…
So let’s say there is a skills gap in your company. If budgets allow, your first inclination might be to hire someone from outside the company to close that gap. After all, there are some people who know how to look great on "paper", and a stunning resume can make any company leader salivate over the potential of hiring a "rock star" employee.
While that philosophy works in certain situations, new research suggests promoting an in-house employee may actually perform better than hiring an external candidate.
The research, conducted by University of Pennsylvania Wharton School of Management Professor Matthew Bidwell, claims external hires actually get lower performance evaluations during their first years on the job than internal workers who are promoted into similar jobs, according to Knowledge@Wharton, the online journal of the Wharton School. In addition, external hires have higher exit rates, and can be paid up to 20% more than internal candidates.
The country watched in disbelief as Hurricane Sandy menaced the East Coast and caused widespread flooding, power outages, and unimaginable damage. In the storm’s aftermath, many heroes have emerged from…
Managers and leaders lead extremely busy lives from the start of their day to the end. So whenever they do get a break in their day, they most likely surf…
Diversity is talked about often. A sad reality however, is that some workplaces don’t do the best job of respecting employees from all walks of life. Now, keep in mind…
After years of blood, sweat, tears, and too much caffeine, you have finally earned yourself a management role. So why aren’t you happier about this? Well, turns out not all…
Summer is long gone. We have put the flip-flops and shorts away and have embraced jeans and jackets. While the holiday season will be here before you know it, the…
Some say that the first few hours of the workday can have a major effect on productivity for the rest of the day, and can set the tone for your…