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It seems like this can easily be fixed by having people sign up for contracts that last more than 1 year or at least have some financial incentives that accrue
by alexmlamb 7y ago
It seems like this can easily be fixed by having people sign up for contracts that last more than 1 year or at least have some financial incentives that accrue to employees who stay longer? For example, tech companies have stocks that only vest after 4 years. I don't see why in principle this couldn't be even longer.
I don't know much about it personally, but I think the US government has a lot of benefits (like retirement) that scales with years of service.
I actually suspect that at least for many big companies the problem isn't getting people to stay after training, it's getting the best employees to stay and getting lower-performing employees to leave. I think for this reason, most tech companies structure pay with a 4-year contract, which promises a high salary for 4-years (due to bonuses and stock), and then an implicit pay drop if there's no promotion after 4-years.