Does it pay to hire the best candidate money can buy? Probably not, said Jeffrey Pfeffer, a professor of organizational behavior at Stanford’s Graduate School of Business.
More often than not the hired gun is a dud, he said. “Outside successors seldom succeed.” Nevertheless, businesses love hiring outsiders (especially for chief executive officer and other C-level [...]
Nearly half of American companies (47 percent) say they will hire executives and senior managers in the last quarter of 2009, according to a survey of 201 employers by Watson Wyatt, a business-consulting firm.
Fifty-four percent of employers who locked salaries in 2009 intended to initiate raises in the next six months, and 70 percent plan [...]