Re:Tell HN: Job interview canceled due to looming recession
by DLTADragonHawk on Tuesday May 24, 2022 @06:18PM
(#31498169)
This exception wise might be the case but, the cost to performance is probably just less for some senior folks compared to up and coming new people. For instance if i have 10+ year employee who has received 3% cost of living raises + additional performance raises they likely have a cost/performance ratio worse than the A player with 5 years experience who wants to move up. I can promote them for a bump in salary and have someone who hasn't accumulated as much cost overtime with a similar performance. I reduced capacity, improved moral for an A player and cut cost in one decision. There would also be minimal impact moral wise to the remaining organization by hiring within. That's just my take though and I am no authority in the topic.
That's a very optimistic take. What usually happens is that there's an obvious bottom line improvement to laying off a few very senior people, but the impact isn't so obvious, so from the business's perspective it looks like a win.
I remember the cognitive dissonance of being an employer's rep at a job fair in 2010 and telling everyone who came up to our booth that I could take resumes, but we weren't hiring! At least I got a free lunch out of it.
Businesses don't always do what makes sense from the outside.