By Jack and Suzy Welch
When you have a capable person to promote in your company, there's no such a thing as “appropriate tenure.”
Sure,
it’s ideal when internal candidates have logged two or three years to
prove their mettle in good times and bad. But in today’s high-demand
global marketplace, talented people are so hard to retain and Gen-Yers
and millennials have so little tolerance for dues-paying assignments,
why would any company put a high-performer through unnecessary paces
just to satisfy a bureaucratic requirement? That uncompetitive practice
is a throwback to the days when an employee’s time served could, and
often did, trump his value added.
So, should your
bosses come at you to defend the decision to promote an internal star
early on rather than hiring from the outside, remind them of the talent
wars, then mention something else they may already know. Promotion is
more art than science. You can never be sure a candidate—regardless of
tenure—will succeed. You can only know if he has passed two simple
tests.
The first, obviously, concerns performance.
Does the candidate consistently post superior results? We’re not just
talking numbers. Superior results also mean a person has expanded his
job duties and brought insights to the team, be they about work
processes, market challenges, or unseen opportunities. Basically,
superior results mean a person has overdelivered—a leading indicator
that he’s ready for more.
The second test concerns
values. Does the candidate consistently demonstrate the behaviors the
company wants to see from its leaders? Is she customer-focused? Does she
share ideas? Different types of companies have different values. But
when it comes to promotions, the question about values is the same. Does
the candidate live and breathe them?
Now, even if a
short tenure candidate passes both tests, you might want to examine one
last factor. Did the candidate arrive with a “tailwind”—perhaps a
backlog of orders or a high-functioning team left by his predecessor?
You shouldn’t hold good luck against your candidate, though it merits
consideration.
In the big picture, your instinct should
always be to promote a strong internal candidate sooner rather than
later. It’s good for the individual, who gets to build new skills
without the nonsense of marking time. And it’s good for the
organization. Promoting young insiders is a fast way to attract good
people to your ranks; indeed, it will help make you a talent magnet.
Best of all, it keeps your top performers inside. Granted, you may not
get every promotion right, but you can be sure that nudging your
high-fliers into the open arms of your rivals is an “appropriate tenure”
policy you’ll live to regret.
Jack Welch is Executive Chairman of the Jack Welch Management Institute at Strayer University.Through its online MBA
program, the Jack Welch Management Institute provides students and
organizations with the proven methodologies, immediately actionable
practices, and respected credentials needed to win in business.
Suzy Welch is a best-selling author, popular television commentator, and noted business journalist. Her New York Times bestselling book, 10-10-10: A Life Transforming Idea, presents a powerful decision-making strategy for success at work and in parenting, love and friendship. Together with her husband Jack Welch, Suzy is also co-author of the #1 international bestseller Winning, and its companion volume, Winning: The Answers. Since 2005, they have written business columns for several publications, including Business Week magazine, Thomson Reuters digital platforms, Fortune magazine, and the New York Times syndicate.
Suzy Welch is a best-selling author, popular television commentator, and noted business journalist. Her New York Times bestselling book, 10-10-10: A Life Transforming Idea, presents a powerful decision-making strategy for success at work and in parenting, love and friendship. Together with her husband Jack Welch, Suzy is also co-author of the #1 international bestseller Winning, and its companion volume, Winning: The Answers. Since 2005, they have written business columns for several publications, including Business Week magazine, Thomson Reuters digital platforms, Fortune magazine, and the New York Times syndicate.
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