4 ms·
it does seem a little short sighted to pay entire depts lots of over time because you can't find the perfect hire. This is what my current employer does and I'
by tjmaxal 16y ago
it does seem a little short sighted to pay entire depts lots of over time because you can't find the perfect hire.
This is what my current employer does and I'm always amazed at the practice.
Isn't paying out twice as much in overtime more expensive than just hiring more people?
- kalid 16y agoThere are lots of costs with hiring another person (benefits, facilities, hr/legal, etc.) -- the fully loaded cost of a person may be twice their salary.
- blacksmythe 16y agoYes, if you can hire people as good as the ones you already have. This is frequently not the case.
- GFischer 16y agoMaybe in the U.S... in parts of South America and Europe the administrative overhead of hiring new people (and the hefty penalties for firing) means that hiring has to be really, really well justified. That of course makes for a less mobile market, a stagnation culture (IMO), and less entrepreneurism I suspect (though getting a state-paid job that can realistically mean 20 hrs/week of actual work and doing jobs on the side is very common).
- btilly 16y agoI know a company that was outsourcing work to Argentina and was not entirely happy with said work. But they had a lot of knowledge sunk there. Argentina decided to respond to the downturn by bringing in legislation that would make the cost of firing people even higher. That fact pushed the US company to fire the Argentina employees right away rather than waiting for it to get more expensive. Unintended consequences and all that.