Optimizing People - Discussions

To achieve high performance in an organization, the analogy of the "weakest link in the chain" is often heard. No one will dispute the importance of people in an organization and the relevance of the "weakest link" here. Given that, you would think organizations would have continually refined their process for selecting the best, engaging them and retaining them. Unfortunately, many organizations have still failed to master this in spite of new best practices and technologies that have dramatically increased the potential. Over time, a leader must have the capability to consistently make the right decisions when selecting and developing people and aligning them towards goals. A missing link with regard to a key person or poor performance in one of these key decision areas is costly. In 2017, there are new opportunities to drastically improve our understanding of our candidates, employees and teams to make better people decisions and to lead people to better performance. A organization's ability to choose the right people and understand them sufficiently to work with them to achieve high performance is a cornerstone to long term success. Inside, we'll focus on those activities that underlie the ability of organizations to optimize their people decisions and their employee's performance.

"The U.S. Department of Labor has estimated the costs to replace an employee to be approximately 1/3 their annual salary; but when you start looking at the impact of hiring the wrong employee and having to replace them, some studies say 2.5 times annual earnings, some 4 times and some even higher." AGILEdge