DECISION MODELS ABOUT OTHER PEOPLE
As a manager the most important decision that you make on a regular basis will concern appointments and promotions. The financial implications of employing someone is significant. In addition to their salary, each person you appoint incurs additional costs in terms of pension, tax, private healthcare (possibly) and overheads. On top of that there is the positive or negative effect that each employee will have on the organisation’s finances and industrial relations. Of course all these costs reoccur for as long as the person remains on the payroll. Get a couple of hiring decisions wrong and it can be very costly indeed.
Alas your decision making doesn’t end with the appointment of the ...