Prevent Employee-Poaching

A discussion in CiteHR http://www.citehr.com/286621-poaching-unethical-especially-when.html

Stephen Grocer in Employee Poaching Returns to Wall Street,mentions “Wall Street is back. First came profits. Then bonuses. Now, the time-honoured tradition of poaching”. As the markets have opened, the demand for talent is on the rise. Companies are hiring aggressively. The drastic measures taken during recession including pink slips, no salary hikes, increased working hours and salary reduction have created an infallible impact on the employee’s mind. This results with attrition as the hiring rise. There is no stop gap arrangement to hold the best talent back. Hiring from the enemy camp is one of the top most strategies in talent acquisition. In a situation like this how do we ensure that our most important asset returns to work every day?

Let’s understand where we lose these talents. Generally, it’s the competitors who hire rampantly. The restrictive practices such as Non-disclosure and Non-compete agreement may save necessary information and losing the talent to the client. However, different other channels including the vendor, distribution, entrepreneurial ventures and transitioning to other vertical still exists. In a recent development Google, Apple, Adobe, Intel, Intuit, and Pixar agreed not to hire each other’s employees.

Apart from the HR programs including the employee engagement, retention strategies , compensation and better growth plans , certain arrangements can be designed which may work for a time period.

To continue reading http://www.citeman.com/10957-prevent-employee-poaching/