If we’re going to have any real shot of avoiding the cost of a poor promotion, recognizing the right candidate to promote isn’t just a nice idea, it’s something we have to do effectively time after time. Not only will that help capture so much of the profitability that’s...
While Joe was outstanding at pretty much every technical aspect in the department, there was one thing he didn’t have to worry about when he accepted the lead role; he never seemed all that bothered about alienating long term friendships. I think that was largely a result of him being able...
If you ever had the pleasure of watching Bo Jackson play football or baseball, or you remember anything TV ads from the late 80s or early 90s, I’m guessing my “Joe Knows” phrase immediately reminded you of Nike’s Bo Jackson campaign. And just in case it’s not ringing...
Since we now have a solid understanding of how a poor promotion can kill profitability, let’s dig into what we need to look for when considering existing team members for a leadership role we need to fill in our organizations. I’ve seen firsthand just how valuable an internal...
While some great team members have no interest whatsoever in climbing the company ladder, far more will jump at the chance whether it’s the right move for them or not! In some cases, their technical expertise and tenure give them an edge over every other candidate being considered....
One of the first people I remember meeting on an assembly line, when I finally made it to the shop floor after nine full days of orientation, was a fellow named Phil. He was the day shift lead on that line and had been for long enough to have earned a reputation that even a hard headed and strong...
An article from Forbes.com called Promoting Wrong People Hurts Employee Retention and Productivity opens by stating “Managers are key to employee retention and productivity. But many companies don’t promote into management the people who would do the best job as managers.” ...
Some of the benefits of promoting from within are how we show the individual being promoted that we value their contribution, that we’re willing to invest in their career development, and that we see them as part of our business succession plan. But don’t think for a minute that...
As we look at ways to be intentional about providing growth opportunities for the folks on our teams so they experience true career development, we have even more reason to include them as we create our long range succession plans! One thing is for sure though; it’s no longer as simple as...
