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I wonder if taking such a view can be short-sighted. While it is true that employee turn-over can be costly, perhaps that is also one of the ingredients that ma
by Axiverse 10y ago
I wonder if taking such a view can be short-sighted. While it is true that employee turn-over can be costly, perhaps that is also one of the ingredients that make tech successful. The valuable employees that you hire have gained their skills at a number of other companies and the employees that have left are contributing to other companies. While this isn't on your balance sheet, it is contributing to the tech community as well. I wonder how you would go about quantifying this.
From my experiences, those in tech for the most part have come from the tech community and stayed in the tech community. Employee mobility is creates a mixture of ideas and also lets individuals to be trained in certain disciplines by those that are most capable at it. In return, companies get employees that were well trained by other companies thus increasing the value of tech companies as a whole. I wonder if this becomes a trend and companies try to close their borders tighter (somewhat reminiscent of U.S. politics right now, huh?) that companies will see short term gains, while the entire industry would suffer in the long run.