Are we facing a meteoric rise in mediocrity?

Posted on 15th November 2023 by Streets What's trending?


Image to represent Are we facing a meteoric rise in mediocrity?

By James Pinchbeck, Marketing Partner


How often, especially if you are on LinkedIn, have you seen a post or received news that someone you know has been promoted? How often does such promotion seem to be a somewhat significant step up or change from an existing role? Whilst a career trajectory from assistant to a C suite role in a matter of a few years might seem unplausible, it does seem increasingly possible.

It seems gone are the days that one’s career progression is based on a number, if not many, years of work and being mentored and supported by a more senior person, with such progression dependent even on the retirement of the person in the role above. 

Certainly, such advancement was inevitably based on past performance, a track record and achievements. It might be said that people had to earn their stripes and prove their worth.

Why then might we be seeing more fast-tracked careers?

Perhaps one, if not the key reason, for seeing such changes is the phenomenal pace of change we are all facing not just in our work lives but in our personal lives. Change in what work we do, the way we work and for who we do that work would appear constant and perhaps even unrelenting. As a result, having a job or role that involves you doing the same thing for many years has been jettison to the history books. We need and quest as businesses new ideas, skills and techniques which invariably means new team members.

We have also seen, not least on the back of the pandemic, an increase in those opting for earlier retirement, which along with the fact that long lengths of service are perhaps a thing of the past, has meant that organisations have had to possibly bring people on sooner.

What then is the impact on our work or the work we do?

Whilst in the past you might recruit someone to fill a defined role based on an understanding of what the role requires it would seem organisations are having to recruit roles that are subject to constant change, even with a risk of being defunct. It is then often difficult to determine what is required in the roles, both in term of experience and skills, even attitudes.

In the past you may have recruited for a role based on an individuals’ past performance. In the new order it would seem we are having to recruit more on the basis of potential achievement or the ability to make things happen as opposed a person’s track record.

The speed of change also impacts how we recruit to fill roles, perhaps with a need to fill vacancies more with people that can adapt and respond, even thrive to change. It would also seem that we need to review roles more frequently to ensure that they are aligned to the needs of the organisation.

Perhaps one of the biggest challenges though is measuring the performance of work colleagues. In the past the repetitive nature of work, year on year, meant it was easier to assess the productivity and impact of team members. Line managers had a good grasp on what was required in terms of the contribution and value of their staff.

However it does seem, not least where we take people on that bring new skills and techniques to an organisation, increasingly challenging to measure outcomes and performance. Many employers are now facing situations where they are bringing staff in who have skills, knowledge and experience that they don’t. 

In light of this background, it would appear business leaders are undoubtedly facing an unprecedent challenge around determining workforce requirements, recruitment, ensuring productivity and measuring performance. Perhaps of real concern is that no longer is past performance an indicator of future outcomes and we are increasingly reliant on the skills and attitudes of colleagues, along with our own ability to adapt to and even embrace change if we are to thrive and succeed.


No Advice

The content produced and presented by Streets is for general guidance and informational purposes only. It should not be construed as legal, tax, investment, financial or other advice. Furthermore, it should not be considered a recommendation or an offer to sell, or a solicitation of any offer to buy any securities or other form of financial asset. The information provided by Streets is of a general nature and is not specific for any individual or entity. Appropriate and tailored advice or independent research should be obtained before making any such decisions. Streets does not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of obtaining Streets' visual or audible content.

Information

The content used by Streets has been obtained from or is based on sources that we believe to be accurate and reliable. Although reasonable care has been taken in gathering the necessary information, we cannot guarantee the accuracy or completeness of any information we publish and we accept no liability for any errors or omissions in material. You should always seek specific advice prior to making any investment, legal or tax decisions.


Expert insight and news straight
to your inbox

Related Articles


Boost Your Restaurant's Cash Flow with These Top Tips!

Maintaining a healthy cash flow is crucial for the success of any restaurant. Here are five key strategies to get you started: Optimise Menu Prices Ensure your dishes are priced for both competitiveness and profitabilityStreamline InventoryReduce waste and free up cash by using smart inventory management techniquesNegotiate with SuppliersBetter terms ...


Property Finance - unlocking opportunities with confidence and support

Exploring, navigating and understanding the complex landscape of property finance options can not only be time consuming, but hard to understand with the diverse range of financing options that are available in the market. It is essential from the outset for business owners to carefully evaluate their financing and ...


Child Benefit Updates

You may have heard about the recent changes to the High Income Child Benefit Charge which were announced in the Spring Budget. This is something that will affect several of our clients, and the changes can influence whether claims are made for child benefit or whether those that ...


You might also be interested in...