New Finding: Analytics-Based Hiring Improves Performance and Diversity – Gallup

Photo by LinkedIn Sales Navigator on Unsplash
Read the full original story here.

BY PAUL BERG

One of the most important findings Gallup has ever made is that companies name the wrong person manager a staggering 82% of the time. Yet, by hiring the top 10% of manager talent — call it “A” level talent — organizations generate a 27% lift in revenue per employee.

Hiring less talented managers, however, costs businesses hundreds of billions of dollars in potential organic growth every year.

For example, a company with 50,000 employees and 5,000 managers typically only has 900 top-talent managers in place.

If that company generates $50 billion in annual revenue, low management talent costs the company $11 billion a year.

Is there enough “A” talent to go around?

“A” manager talent is rare. Gallup Analytics shows that only about 10% are born with it.

But still, a 50,000-person company could expect …

Keep reading this article at Google News (Diversity and Inclusion).