Re:Spending more on retaining developers reduces the cost of...
by michaelt on Monday March 14, 2022 @05:26AM
(#30670195)
When there's a buyer's market for talent, making the raise process difficult and slow is a negotiating tactic on the part of the corporation.
Instead of telling your employees "no" you can tell them "ask again in 6 months" because of the "budget process" or "headcount approval" or "appraisal process" or "salary bands" or "fixed pool for raises" or some other nonsense, as a soft way of refusing their request. Junior managers will be able to deliver that message sincerely, because they genuinely believe it. Maybe the company finds there's a good chance the employees stay around.
Of course, if the job market favours workers this tactic doesn't work any more. But how many companies are agile enough to respond quickly to changing employment market conditions?
Instead of telling your employees "no" you can tell them "ask again in 6 months" because of the "budget process" or "headcount approval" or "appraisal process" or "salary bands" or "fixed pool for raises" or some other nonsense, as a soft way of refusing their request. Junior managers will be able to deliver that message sincerely, because they genuinely believe it. Maybe the company finds there's a good chance the employees stay around.
Of course, if the job market favours workers this tactic doesn't work any more. But how many companies are agile enough to respond quickly to changing employment market conditions?