Past Performance of Employees Doesn’t Guarantee Future Success
Everyone who follows or participates in the stock market knows that past performance is not a guarantee of future results. There are too many variables that impact the volatility of the market. The best way to choose stocks is to evaluate past performance and project the economic climate that will impact future growth.
The same process applies to hiring quality employees. Past performance indicates what they are capable of doing. There are several factors that must be considered.
1. What is the similarity between previous positions and the current one? The positions should have similar characteristics if you expect successful integration into your workforce.
2. How much education and training will be provided? Some positions have extensive training provided before there is an expectation of service. If this is the case, then the ability to learn is more critical than the ability to perform.
3. What level of autonomy will be allowed? Autonomy is often sincerely discussed during interviews and then rescinded after the hire. This is usually due to entrepreneurs unwilling to relinquish control. Do not create powerless positions. It reduces morale and undermines the entire organization.
There are no guarantees in the stock or job markets. The best we can do is question, research and trust our instincts.
You can reach Debra Ellis at (828) 626-3756, or email: email@example.com.