Risky hiring

A brief discussion of the notion of the “risky hire”; someone who has more downside but also a lot more upside. Here’s a key paragraph:

Professor Mike Gibbs says, “In what kinds of jobs is this most important? Those where creativity, innovation, new ideas are needed. Where the environment is changing and you need someone to think and develop new approaches to the problem. Where you can assess their fit and talent relatively quickly. And, look for a person with a very interesting track record of success, creativity, possibly even changing fields and taking some risks. Unlike in stock markets, risk is often a good thing in a new employee. Employers out there – take a chance on someone!”

I think this probably has some application in hiring at educational institutions – if you can take action to remove those who don’t work out quickly and take advantage of these more intangible assets.

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