The Importance of Hiring Superstars
The Importance of Hiring Superstars
Hiring superstars, or top producers, is one of the most powerful levers for accelerating business growth. A single superstar can have a disproportionately large impact on a company's success.
What is a Superstar?
A superstar is someone who can be put in a difficult situation with limited resources and still outperform the best people on your team. They are a rare breed, but they are worth the effort to find and hire.
The Cost of a Bad Hire
The average bad hire can cost a company tens of thousands of dollars, and in some cases, millions. This makes it crucial to have a systematic and effective hiring process.
The Benefits of Hiring Superstars
- Accelerated Growth: Superstars can dramatically increase sales, productivity, and innovation.
- Raise the Bar: They can raise the performance level of the entire team.
- Reduced Management Overhead: They are self-motivated and require less management.
- Problem Solvers: They are proactive and will find ways to improve every aspect of their job.
Even a one-person business can benefit from hiring a superstar, especially in a sales role. Commission-only compensation plans can make this affordable for any business.