Re:America Lets Too Much Young Talent Go to Waste
by Raidion on Wednesday February 06, 2019 @01:56PM
(#19098401)
The problem with #2 is that if a company spends $30k of time and effort to get an employee trained up, the poaching company can offer a raise of 10k and still be in the black 3 years later. If the original company decided to match that offer, they're now spending 60k more over three years, and the poaching company can offer a 15k raise and STILL be in the black after 3 years. Any money you pay in training is a sunk cost that doesn't have to be paid by your competitors.
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Re:America Lets Too Much Young Talent Go to Waste
by gerbilly on Wednesday February 06, 2019 @02:06PM
(#19098524)
Sure but presumably, unless all employees start out only at your company, then the effect would also sometimes happen in your company's favour.
As I said in point #1, as long as the rate of defections/arrivals is about even, then your losses on one employee would be offset by your gains on others.
Re:America Lets Too Much Young Talent Go to Waste
by thereisnospork on Wednesday February 06, 2019 @02:42PM
(#19098984)
Having an even defection/arrival rate requires other companies to also train their employees, and not only hire previously trained persons.
Re:America Lets Too Much Young Talent Go to Waste
by magduf on Wednesday February 06, 2019 @05:02PM
(#19100538)
What makes you think the poached employee is actually going to stick around for 3 years, instead of jumping ship when Company C comes along and poaches them for a $10k raise? Most people in Silicon Valley these days don't stay in jobs for 3 years, according to what I've read.