Why You Should Be Hiring Teams Rather Than Individuals

| November 22, 2016

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Forget the “unicorn”—hiring a superstar or two won’t magically make your business goals materialize. In fact, that’s the problem with traditional hiring practices: they’re overly focused on individuals. Conventional hiring methods don’t encourage strong team-building and collaboration, though managers acknowledge that this is essential to organizational success. Writing at Work Futures, Rachel  Mendelowitz sums up the problem. Individual Performance vs. Team Performance
Some of the most interesting research on this topic came out of a computer programming course at Yale University. Professor Stanley Eisenstat and Joel  Spolsky (founder of Fog Creek Software and Stack Exchange and also a former student of Eisenstat’s)  analyzed data from several years of Eisenstat’s programming class to see if there was any correlation between time spent on a project and grade earned. Contrary to their expectations, there wasn’t: among students who earned top grades, there were a mix of fast and slow workers, and the fast ones outpaced the slow by 10 times.

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Manulife is a leading Canada-based financial services group that is helping people achieve their dreams and aspirations, by putting customers’ needs first and providing them with the right advice and solutions. With principal operations in Canada, the U.S. (where we operate as John Hancock) and Asia, we provide more than 20 million customers in 22 countries and territories with financial advice, insurance, and wealth and asset management solutions.

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