Re:HashiCorp just let go 8%
by ChuckNorris89 on Thursday June 08, 2023 @09:56AM
(#36241947)
>natural attrition rate
Nobody will leave voluntarily now if they joined during the 2020-2022 hiring boom and they know are sitting on ludicrous compensations which they know they won't get anywhere else in the current economy. So unless they're stellar engineers with top offers in hand, they're more incentivized to sit tight until the market recovers instead of leave empty handed in these uncertain times.
Waiting for natural attrition now means the poor/mediocre ones who don't have better options will stay, and only your best will leave voluntarily, which is exactly what you don't want. Ideally you'd want to cut loose the dead weight holding you back and prop up your rockstars so they stay.
Nobody will leave voluntarily now if they joined during the 2020-2022 hiring boom and they know are sitting on ludicrous compensations which they know they won't get anywhere else in the current economy. So unless they're stellar engineers with top offers in hand, they're more incentivized to sit tight until the market recovers instead of leave empty handed in these uncertain times.
Waiting for natural attrition now means the poor/mediocre ones who don't have better options will stay, and only your best will leave voluntarily, which is exactly what you don't want. Ideally you'd want to cut loose the dead weight holding you back and prop up your rockstars so they stay.