Recent research co-authored by University of Maryland Robert H. Smith School of Business management professor Gilad Chen reveals how and when teams can make the most of the new talent they acquire after a tournament. soccer such as that of Qatar 2022.
According to the analysis, the findings are also transferred to the corporate world, where companies seeking to win the war for talent often pay a premium to attract superstar employees.
The FIFA World Cup 2022 is the most watched sporting event and followed by the world, making it a great opportunity for players to impress scouts from top clubs.
In the study “When new talents score: the impact of human capital and team socialization context on the performance of newcomers in team football professional“, published in the Journal of Applied Psychology, Chen and his co-authors studied several thousand newcomers to the best soccer leagues in Europe.
In the leagues in this area, the statistics of players are analyzed in online databases to determine the value of an individual player. It looks at whether the team was already doing well or struggling before the new item joined, whether the newcomer was the only new player or joined with a cohort of new players, and how long team members had and new ones to adapt.
Findings show that talented players who join teams mid-season as newcomers have the greatest impact when the team they join is struggling and when they are the only new player joining.
Otherwise, newcomers do better when they unite high-performing teams, alone or as part of a group of new players, before the start of a season, when the whole team has time to come together before the games start.
“ Companies are always interested in hiring new talent, particularly high-end talent,” Chen says. “They are willing to pay a premium for more human capital. When those people join companies, they have to work with others.”
When you pay a premium for great talent, there is an expectation that the extra money will be worth it up front, Chen says. But that’s not always the case: “We found that whether the team’s previous performance and the number of newcomers would be a resource or a demand depends on how long the team and newcomers have to adapt.”
If adding talent mid-season, add a new one superstar is better than adding more, Chen says. But the number of newcomers joining the team did not affect the performance of the newcomers when the team had time to adjust.
But in both sports and business, teams benefit When investing in talent, Chen says, “You don’t want to overpay for talent, but in contexts where the market value of a newcomer is tied to a higher level of human capital, it’s a good investment. And that investment is especially beneficial for underperforming teams.”
“There is a lot we can learn from professional sports teams about business,” Chen says. “A team is a big business in itself, and it’s also an organization. There are implications for performance at the organizational level with these factors of adding newcomers. These are people at the top of their game.”
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