According to the World Economic Forum’s “Why you need Emotional Intelligence”, 90% of top performers are also high in emotional intelligence (EQ). On the flip side, just 20% of bottom performers are high in emotional intelligence. You can be a top performer without emotional intelligence, but the chances are slim.
The Google engineer who was fired last week over his memo wrote that most women were biologically unsuited to working in tech because they were more focused on “feelings and aesthetics than ideas” and had “a stronger interest in people rather than things.”
Here’s an amazing stat: Amazon recently hired 12,800 employees bringing its headcount up to 109,800, compared with 81,400 a year ago. That means the company employs more people worldwide than Microsoft does and on any given day has thousands of additional job opportunities listed.
The cost to hire an employee averages between 14 to 29 percent of an employee’s salary. This expensive line item becomes exponential when we make poor hiring decisions and are forced to rehire for the same position.
San Francisco isn’t the toughest place to hire tech pros these days. The talent crunch is worse in New York City than in the renowned West Coast tech stronghold, according to IT staffing specialist Dice.com. Recruiting challenges are also hitting other U.S. cities across the country.
NEW YORK (CNNMoney) — With launch costs low and valuations soaring, startups are multiplying like rabbits in tech hot zones like New York and Silicon Valley.
Salary increase budgets and are near to historical lows, and are likely going even lower, due to the weak economic “recovery.” Growth in 2010 has been so tepid that unemployment has barely budged and employers have started to cut back their budget plans for 2011 (and even for 2010, if they haven’t fully implemented them yet).
The past two years has seen the quickest and most dramatic shifts in compensation (aka “rewards”) plans practices ever. In the past two years, we’ve witnessed “the sky is falling” near-collapse of 2008, the “big one” recession of 2008 – 2009 (and 2011?), and the end to entitlement compensation as we knew it (in 2009, when well over 50% of companies reduced and/or eliminated their salary increase budgets for the year).