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  • Poaching Employees

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    cutiesharan_21
    820 просмотров11 страниц
    Poaching, or raiding talent from other companies, has become a challenge for human resource managers. While poaching can help companies acquire skilled talent more quickly than developing it internally, it also has downsides. There are direct and indirect forms of poaching. Companies generally take an indirect approach to avoid ethical issues, such as through employee referrals or social networking. While poaching may be necessary in a tight labor market, it can also lead to higher turnover and damage a company's reputation if not handled properly. Companies need to focus on retention strategies like rewards, opportunities for growth, and positive work culture to prevent poaching of their own talent.

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    Poaching, or raiding talent from other companies, has become a challenge for human resource managers. While poaching can help companies acquire skilled talent more quickly than developing it internally, it also has downsides. There are direct and indirect forms of poaching. Companies generally take an indirect approach to avoid ethical issues, such as through employee referrals or social networking. While poaching may be necessary in a tight labor market, it can also lead to higher turnover and damage a company's reputation if not handled properly. Companies need to focus on retention strategies like rewards, opportunities for growth, and positive work culture to prevent poaching of their own talent.

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    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PPT, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    820 просмотров11 страниц

    Poaching Employees

    Загружено:

    cutiesharan_21
    Poaching, or raiding talent from other companies, has become a challenge for human resource managers. While poaching can help companies acquire skilled talent more quickly than developing it internally, it also has downsides. There are direct and indirect forms of poaching. Companies generally take an indirect approach to avoid ethical issues, such as through employee referrals or social networking. While poaching may be necessary in a tight labor market, it can also lead to higher turnover and damage a company's reputation if not handled properly. Companies need to focus on retention strategies like rewards, opportunities for growth, and positive work culture to prevent poaching of their own talent.

    Авторское право:

    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PPT, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 11

    HRM-Poaching Employees

    Youve got great talent. Why dont you join my Company at the best pay

    Presented By:- Group #07

    Introduction/Definition to Poaching
    latest mantra:POACHING/RAIDING" Buying talent (rather than developing it) It attracts talent from another firm by offering attractive pay packages It has become a challenge for human resource managers to face and tackle poaching, as it weakens the competitive strength of the firm

    Importance of Poaching (Medium Of Talent Acquisition)


    Understanding workforce demographics (current and future) Identifying economic issues impacting organizational sustainability Knowledge of industry trends and emerging issues

    Learning from best practices


    Identifying poaching and retention issues

    Analyzing performance metrics (business impacts, financial considerations, etc.)

    Types Of Poaching
    Direct Poaching:-All work is carried out internally. Indirect Poaching:Employee Branding, Employee Referrals, Web Attraction, Thirdparty poaching , (Placement agencies)

    Companys general approach towards poaching


    Companies generally approach towards poaching in an indirect manner rather it being a direct in order to avoid unethical issues:1. Head Hunting

    2.
    3.

    Social Networking (Orkut/Face book)


    Employee Referrals

    Merits Of Poaching
    Poaching is a strategy to do because of low unemployment rate

    In a stiff labor market poaching is a smart move Securing skills or capabilities faster than if you were to attempt to develop talent internally through training and development efforts Securing expanded capacity (i.e. more bodies) that will require fewer ramps up time mitigating high-level talent losses due to attrition The Benefits of Hiring Away Your Competitors Talent

    Demerits Of Poaching
    HRs Dirty Little Secret Talent Turn over Time Consuming Out sourced Head Hunting can be expensive Company could lose a brand Image due to direct poaching Dissatisfaction In Disguise

    Talent Poaching Case-1

    Prevention Is Better Than Cure


    Poaching is the strategy to do because of the low unemployment rate," Following can be inculcated to prevent effects of poaching on employees: Reward managers for keeping good people and if possible reward entire team Train managers that employees leave when they' re not rewarded, thanked or given opportunities to learn Keep tabs on people who have a pattern of leaving E.g. If Joe Smith seems to hop to another job every 18 months, approach him on the 17th month Come up with the best tie-ups, employee welfare schemes, employee satisfaction survey

    Poaching is not wrong and it is not unethical as well. It only shows some loop holes in the retention strategies of the company whose employees are being poached The approach is not new and has been deployed around the world for ages Human capital is not built on deadwood Employers need to make sure that they don' t cross legal and ethical lines

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