Looking for "Star" Employees? Try Re-recruiting Your Existing Ones

Sometimes the hottest prospects can be found by looking within your own company, instead of looking outside.
2 min read
Opinions expressed by Entrepreneur contributors are their own.

No doubt about it. The tight labor market has created an unprecedented search for the best and the brightest employees. Companies are making a huge investment in people and leaving no stones unturned to find their superstar. There is, however, one place most companies haven't looked. Instead of hiring that high-dollar hotshot, executive development coach David Dotlich suggests taking a closer look at the home team.

Before you join the "talent war" so many of today's companies have bought into, try waging your own "performance war" by re-recruiting the people who serve you quietly and loyally every day.

The term "talent war" is misleading and it implies that only people outside your company are talented and that you need to throw lots of money at them to get them on board. This creates a lot of problems, namely short-term incentives, as your "star" may leave the minute he or she gets a better offer. In addition, it discourages teamwork by making the rest of your staff feel inferior.

Making the decision to re-recruit your current employees represents a far more productive use of your time, energy and money, says Dotlich. It inspires teamwork and creates a strong company culture. It keeps your employees motivated by long-term incentives like job satisfaction rather than short-term ones like money. And you may very well find that it transforms B- or C-level players into A-level players.

More from Entrepreneur
Our Franchise Advisors are here to help you throughout the entire process of building your franchise organization!
  1. Schedule a FREE one-on-one session with a Franchise Advisor
  2. Choose one of our programs that matches your needs, budget, and timeline
  3. Launch your new franchise organization
Entrepreneur Insider members enjoy exclusive access to business resources for just $5/mo:
  • Premium articles, videos, and webinars
  • An ad-free experience
  • A weekly newsletter
  • Bonus: A FREE 1-year Entrepreneur magazine subscription delivered directly to you
Make sure you’re covered for physical injuries or property damage that occur at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business

Latest on Entrepreneur