Recently we were making a major decision in MedRecruit for a very important leadership role in the recruitment team.
To hire an external person or to promote from within?
I believe there aren’t complicated answers, there are only complicated questions.
This is a complicated question.
So, we focussed it; what is our track record of success with recruitment leaders?
Hired three, failed with two, long path to success with one.
I give the long path to success a half point, so that’s a score of 17%.
Promoted five, great success with three, not successful with two.
Score = 60%.
So, looking at the stats, internal promotions have a higher chance of success by a multiple of 3x.
Let me be clear, all external hires went through a comprehensive evidence-based recruitment process so they wern’t frivolous decisions.
But we still got it wrong more often than not.
Now, to look internally. We had an obvious candidate so we went through a rigorous process of interviews and psychometric testing, and we promoted her.
What this process has reinforced for me is the importance of having a strong leadership pipeline. In recruitment, team leadership can make or break a team. Given this, we must always be looking to the future and building leaders to promote internally.
It’s Moneyball, in business.
Humans are tribal.
As humans we have an insatiable desire to explain untoward events so we can get on with solutions.
In any field, most of the rewards go to the top 5% of people.
I say please to Siri.
If a turkey were to assess the state of the world in early December, they would be forgiven for thinking all is well and that the farmer loves them.
We often compare today’s performance relative to yesterdays.
In summer I walked up to the Rob Roy Glacier near Wanaka.
There are two ways to find the limit.
When I was skiing professionally, I knew that standing on the edge of a cliff for longer didn’t make it any safer to drop.
On Monday I attended the funeral of a good friend of mine from medical school, Andy Greer. He died suddenly while working a shift at Christchurch Hospital. He was 40.