Why do companies spend so much on recruitment but not retention?

Re:Why do companies spend so much on recruitment but not ret... by spectator_ro on Thursday November 11, 2021 @09:51AM (#29188399)

I think it would be nice to see some exit interview statistics, like how many employees leave because of money. I personally dont think that is the main reason.

Yes, if I want more money, i go to interviews, get a better offer and negotiate with my company a higher salary. Every single time they matched the value (sometimes asking 20%).

But every time i left a company it wasn't about money. It's usually culture, not believing in what they are doing. Incompetent manager or product guys.

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Re:Why do companies spend so much on recruitment but not ret... by cube00 on Thursday November 11, 2021 @10:26AM (#29188857)

There's a large cohort of people who don't list their real reasons for leaving for the sake of departing on good terms and to avoid burning bridges unnecessarily.

Exit surveys don't fix a rotten culture and incompetent managers. We can only hope the higher ups look at the numbers and start asking why certain managements have a higher turnover rate then others.

A few anonymous surveys targeted at those teams from people who can't as easily uproot their lives to leave the company will tell you what's going on.

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Re:Why do companies spend so much on recruitment but not ret... by WithinReason on Thursday November 11, 2021 @11:16AM (#29189603)

This is how I got my last 2 raises, around 20% each

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