Nobscot home
Home Online Interview Products Demo & Screen Shots Nobscot Client List Library Nobscot Management Contact Us User Login
Retention Management And Metrics
 

Employee Turnover And Retention Briefings Abstract: 9

This page can be used as a permanent link to this article. Bookmarking this page will bring you to this article, whereas bookmarking the briegings page this article was on will bring you back to the most current briefings.
Talent Raiding on the Rise [Salt Lake Tribune] Tuesday 04/05/05 6:25 PM

Talent raiding is the practice of targeting and hiring key employees or superstars from your competitor. The benefits are two fold: it brings top talent to your organization, and it can deal a significant blow to your competitor. How significant a blow depends on how critical the employee was to the raided company. The damage can be significant as the company deals with the cost of recruiting, hiring, and training a replacement, as well as the lost productivity and lowered coworker morale in the interim. Another danger is loss of trade secrets to your competitor.

In high profile cases, the raided company retaliates with law suits. The courts have generally ruled that raiding is not illegal unless it is done specifically to put a competitor out of business.

Steps to minimize falling prey to raiders:
  • Employee happiness - pay attention to pay, but also fairness, recognition and work flexibility.

  • Identify key employees and execute non disclosure agreements.

  • Safeguard secrets - limit access to critical and secret information to those that need it.

  • Exit Interviews - find out why your stars are leaving.

One silver lining in talent raiding is that studies have shown star performers seldom perform as well in their new company as they did in their original company.

Read Source
Current Briefings  Archives

Views expressed here represent the opinions of the source articles and are not necessarily shared by Nobscot Corporation.


How Honest Is Your Feedback? RIF Manager FirstDays for New Hires
Who we are Customer Support Products Press Employee Mentoring Corporate Talent Networking
Customers Testimonials Home Site Map Employee Retention News Rebound Employees
Exit Interview Employee Satisfaction Survey What is an Exit Interview? Employee Turnover Rates

© Copyright 2000-2024 Nobscot Corporation. All Rights Reserved.
Privacy Policy -  Terms of Use
Change my password.