Ever hear managers, executives and even HR say some weak things?
"I like them as a candidate. I'm just worried they won't stay."
This mindset values retention over talent, performance and more. The candidate is strong and wants to come. Yet, there's something about the work history (too heavy), the comp (we can't provide as much as we would like) and a myriad of other factors that make your hiring manger wring their hands about offering a job to the candidate in question.
As I write this, the Toronto Raptors are set to clinch the NBA championship tonight over the dynastic Golden State Warriors. The Raptors are up 3 games to 1, and their success is driven by the acquisition of Kawhi Leonard, for whom the Raptors traded another all star for, even though Leonard only had one year remaining when the deal was made.
That means contractually the Raptors traded for an employee who would open up their recruiting process one year later, and faced a heavy chance they wouldn't retain him.
"I'm just worried they won't stay."
The older I get, the more I'm convinced that if you can keep great talent in your company for a stint of 2-3 years, you're better off for having had them, reaping the contributions they make - than never having them at all.
This obviously refers to the top 10% - the most talented among us.
The Raptors traded for Kawhi Leonard and knew that it was highly likely they would have him for a year. They did it anyway. Now, they're about to win a title.
Unwillingness to bring in top talent - long term retention risk be damned - can say a few things about your organization:
1--I don't think we're very good and I'm sure they won't stay.
2--We're OK, I know we can get better, but I'm not sure we'll improve quick enough to retain them.
3--We're not going to be able to comp this person they way they'll need to be comped to retain them.
4--I'm personally threatened by hiring someone this good. I'd prefer to have village idiots around me.
But what if you put any and all of those fears aside and hired the best person available, then got the **** out of the way and let them do their job?
They might be gone in a year. But that year might have been a hell of run.
Just ask the citizens of Toronto.