Why We Keep Firing the Wrong People (And What to Do Instead) with Wharton Professor & Director Peter Cappelli

If talent is your greatest asset, why do your financials treat it like a liability? In this powerful episode of Career Club Live, Bob Goodwin sits down with Peter Cappelli—Wharton professor, HR legend, and truth-teller—to unpack the broken incentives driving modern talent decisions. They dig into: Why U.S. accounting rules *discourage* investment in people How layoffs and "rank-and-yank" tactics backfire more than they help The real cost of turnover (hint: it’s not $4,000) Why internal promotions beat external hires—on both performance *and* cost And how HR leaders can finally speak the CEO’s language to get buy-in Cappelli doesn’t just diagnose what’s broken—he offers a roadmap to fix it. From talent marketplaces to rethinking attrition, this episode will change how you think about people strategy in 2025 and beyond. If you’re tired of the hamster wheel of hiring, losing, and rehiring—this conversation is for you.