Build or Bye? Hire & Fire? Peter Drucker once said, "The purpose of an organization is to enable ordinary people to do extraordinary things." Yet many leaders face a choice: invest in developing employees or replace low performers with stars. At first glance, the "fire and hire" approach seems efficient. But here’s the truth: 👉 External hires cost more, take longer to ramp up, and often underperform without strong systems in place. 👉 Investing in your existing workforce can drive results with just a small lift in productivity. In this insightful article from Dave Winsborough, founder of Deeper Signals, he describes how 3M boosted productivity with 2.4% by upskilling their middle-tier employees and outperformed the cost-heavy alternative of replacing their bottom 5%. The most successful organizations follow three principles to unleash potential: ✨ Create learning engines, not one-off training. Make development part of daily work. ✨ Foster communities of growth. Employees thrive when they learn, fail, and succeed together. ✨ Measure what truly matters. Focus on behavior change and business impact—not just training hours. 💡 The takeaway? Before you search for “unicorn” talent, look within. Building a learning culture isn’t just good for people—it’s a smarter, more sustainable path to success. Curious to learn more? Check out the full article for insights and strategies. Get in contact to learn more how a modern assessment tool like Deeper Signals can make an impact in your organization. Team Talent Assessment Partners Nordic distributor of Deeper Signals Sten Mainz Rode, Gitte Lykke Jensen & Sys Spogárd #Leadership #TalentDevelopment #Upskilling #FutureOfWork
The great talent dilemma: do you buy, or build? Tech bros seem to set the agenda: make deep staff cuts and rely on those left to perform. But do the numbers stack up? My latest Forbes article explores the two strategies. https://lnkd.in/gWnkah3D Deeper Signals Mark Lewis Anna A. Tavis, PhD Ben Williams Reece Akhtar Ted Hayes Nikita Mikhailov Mark Ridley Nick Bloom Uri Ort Donna McGarvey Lewis Garrad ‘Cheese’ Cheeseman Crispin Garden-Webster