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How star women build portable skills
An article that appeared in Harvard Business review a few years ago warned managers of the risks in hiring star performers away from competitors. After studying the fortunes of more than 1,000 star stock analysts, researchers found that when a star switches companies, not only does his performance plunge, but so does the market value of his new company. What's more, these players don't tend to stay with their new organizations for very long, despite the generous pay packages that lured them in. Everybody loses out. But further analysis of the data reveals that it's not that simple. One group of analysts reliably maintained their stardom after changing employers: women. Unlike their male counterparts, female stars (189 star women, 18% of the star analysts in the original study) who switched firms performed just as well, in the aggregate, as those who stayed put. The best female analysts appear to have built their franchises on portable, external relationships with clients and the companies they covered, rather than on relationships within their firms. By contrast, male analysts built up greater firm- and team-specific human capital, investing more in the internal networks and unique capabilities and resources of the firms where they worked. Second, women took greater care when assessing a prospective employer. Female star analysts, it would seem, take their work environment more seriously yet rely on it less than male stars do. They look for a firm that will allow them to keep building their successful franchises their own way. The star performer study focused on one labor market - Wall Street analysts - but the challenges these women face are similar to those in other knowledge-based industries. In addition to receptivity to women generally, women look for organizations that will welcome them as individuals, with distinctive styles, personalities, and methods of distinguishing their franchises. For organizations, the high-level implication of these findings is that companies should focus on building talent from within and take measures to retain the stars they create, male and female alike..Printed Journal
Call Number | Location | Available |
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PSB lt.dasar - Pascasarjana | 1 |
Penerbit | Harvard Business School Publishing., |
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Edisi | - |
Subjek | Women Gender Research Skills Careers Men Professional recruitment |
ISBN/ISSN | 178012 |
Klasifikasi | - |
Deskripsi Fisik | - |
Info Detail Spesifik | - |
Other Version/Related | Tidak tersedia versi lain |
Lampiran Berkas | Tidak Ada Data |