#articleintro
This article discusses the importance of hiring A+ players for a company's success. It cites various studies that show the benefits of having top-performing employees, such as increased productivity, higher quality work, and improved team performance. Additionally, A+ players can contribute to a positive company culture and provide a competitive advantage in the market. The article also presents a calculation that shows how investing in A+ players can save a company a significant amount of money in the long run. The only con mentioned is that there is no risk taken in hiring an A+ player, which could lead to a lack of diversity in the team.
Let's initially review what a few companies that are market leaders in the Tech market have to say.
According to a study by McKinsey & Company, top-performing employees can be up to 400% more productive than average performers.
A study by the Harvard Business Review found that the top 1% of employees in a company are typically responsible for 10% to 20% of that company's output.
Another study by Gallup found that companies with high levels of employee engagement (which often correlates with having top performers) have 21% higher profitability than those with low levels of engagement.
According to a report by Glassdoor, companies that consistently hire top talent have 3.5 times the revenue growth and 2.1 times the profit margin of companies that do not.
Research by the National Bureau of Economic Research found that a company's overall productivity can be increased by as much as 44% by moving the bottom 10% of employees to the average level, and by 11% by moving the top 10% to the A+ level.
A survey by LinkedIn found that the top three reasons why people leave their jobs are lack of opportunities for advancement, lack of challenge, and dissatisfaction with their managers. Hiring and retaining A+ players can help address all of these issues, as they are typically self-driven, motivated, and eager to take on challenging projects.
PRO to HIRE an Rockstart Engineer:
Increased Productivity: A+ players tend to be more productive than average employees. They are self-motivated and take ownership of their work, which leads to a higher level of output.
Higher Quality Work: A+ players have a high level of expertise and can deliver high-quality work that meets or exceeds expectations. They can take on complex projects with little guidance and are not afraid to take risks, which can lead to innovative solutions.
Improved Team Performance: A+ players can act as role models for other employees, driving up the overall performance of the team. They can also help to identify areas for improvement and provide guidance to less experienced team members.
Better Decision Making: A+ players tend to have strong critical thinking skills and can make decisions quickly and effectively. This can lead to better decision making at all levels of the company.
Competitive Advantage: Having A+ players on your team can give you a competitive advantage in the market. They can help to develop new products, improve existing ones, and identify new opportunities for growth.
Higher Employee Retention: A+ players are often more satisfied with their work and are less likely to leave the company. This can help to reduce turnover costs and maintain a stable workforce.
Positive Company Culture: A+ players can contribute to a positive company culture by being self-driven, passionate, and collaborative. This can lead to a more engaged and motivated workforce, which can translate to better performance and results.
CONS to HIRE an Rockstart Engineer:
-> No risk taken, zero chance of anything bad happening, nothing to lose.
Let's do a quick math to really understand the advantages of bringing an A+ player to the team. Assume that the salary of a mid / mid-senior developer in the Europe is around $5.200, a senior one was close to $7.200, a project / product manager has an average $6.500 monthly income, and the salary of an A+ player is over > $9.000 per month. If you want to build a team for a dashboard type product that centralizes all the sub products in your company let's say you would need 5 devs (1 x Mid Front - End, 1 x Mid-Senior Full Stack, 2 x Senior Back-End Engineers, 1 x Project & Product Manager).
Traditional Team Monthly Cost: 1 x $5.200 + 1 x $5.200 + 2 x $7.200 + 1 x $6.500 = $31.300 A+ Team Monthly Cost: 2 x $9.000 + 1 x $6.500 = $24.500 Your company investing smartly in Superstars Engineers saves: $81.600 per year
*The CFO would be very happy to see this calculation.