What It Takes to Make ‘Star’ Hires Pay Off

"Many companies hire top-notch talent but then fail to reap the full benefits of those star employees. Often, the culprit is faulty managerial practices."

 THE CURRENT ECONOMIC RECESSION has provided managers with a tempting environment for acquiring “star” employees on the cheap. Consider, for example, how the recent failures of large organizations like the investment banking giant Lehman Brothers and the venerable law firm Heller Ehrman Partners have enticed competitors to go on a hiring spree, acquiring top-notch talent from those now-defunct businesses. Similar opportunistic hires occurred after the downfall of Drexel Burnham Lambert in 1989 and Arthur Andersen in 2002. But the track record of such acquisitions of human capital has been mixed, with many companies failing to integrate their new talent.

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Posted on 03/17/2010 by

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