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Mediocrity drift: Difference between revisions
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“The bank emphasizes that staff will also be reduced through [[natural attrition]], not filling vacant positions or offering early retirement.” | “The bank emphasizes that staff will also be reduced through [[natural attrition]], not filling vacant positions or offering early retirement.” | ||
:— ''[https://www.finews.com/news/english-news/54951-credit-suisse-job-cuts-restructuring-personnel- | :— ''[https://www.finews.com/news/english-news/54951-credit-suisse-job-cuts-restructuring-personnel-costs Credit Suisse Job Cuts are Causing Unrest]'', finews.com, December 2022}}{{d|{{PAGENAME}}|/ˌmiːdɪˈɒkrɪti drɪft/|n}} | ||
A curious, unintended, negative feedback loop of lazy [[human capital management]]. If you don’t proactively ''retain'' good staff, and if you don’t actively manage out poor staff — if you manage by tactical hiring and “[[natural attrition]]” — the general quality of your staff ''relative to their cost'' will ''decline''. | A curious, unintended, negative feedback loop of lazy [[human capital management]]. If you don’t proactively ''retain'' good staff, and if you don’t actively manage out poor staff — if you manage by tactical hiring and “[[natural attrition]]” — the general quality of your staff ''relative to their cost'' will ''decline''. | ||