Re:I applied for a SW role at FedEx and had to take this biz...
by throwaway2037 on Tuesday February 13, 2024 @12:26AM
(#39354749)
> Assume 30k of hiring costs related to filling any new position
That is MUCH too low. Most recruiters are paid 20-30% of first year annual salary as a placement fee.
... and then, after wasting thousands of dollars per candidate, many companies opt for RTO policies to "trim fat". Yeah, makes sense if you're an accountant / stock market analyst only focusing on capex vs opex and long-term liabilities (which employment contracts are everywhere but in the US with at-will), but from a holistic viewpoint it's all an utter waste.
Assume 30k of hiring costs related to filling any new position (and that's on the lower end), it makes zero sense to not grant existing employees even 2 grands a year in wage increase... but here we are. Financial games have ruined everything.