Have I promoted the wrong person?
Wednesday, July 29, 2009/
It does sound like LD of SY may have made a mistake – how often do managers make recruitment or promotion mistakes because they are basing their decisions of sketchy, subjective information?
And how much do those mistakes cost? According to one US survey, the cost is on average 150% and often up to around 450% of the square peg’s annual salary
Before finalising an important recruitment decision I like to know a bunch of key facts about the candidate so I use the Integrity & Values Profile tool. It costs about one day’s salary for someone in a middle-senior management role, but if it stops me making one recruitment error, it has a massive Return On Investment.
And if it confirms what I already think about someone, then it gives me the evidence to back up my gut feeling.
I only wish I had the tool 20 years ago…