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How much does it cost to train a new hire who isn't technically proficient but is willing to work for half price? If you are worried about retention, a non-com
by quaquaqua1 7y ago
How much does it cost to train a new hire who isn't technically proficient but is willing to work for half price?
If you are worried about retention, a non-compete agreement is an option considering you are deliberately investing resources into hiring them for a position they are currently unqualified for.
I signed such an agreement and have been enjoying a nice career ever since.
- doh 7y agoLets start with the fact that non-competes are illegal in California [0]. Even if they were not, that's not a great way to retain an employee and we would not like to go down that path. Problem with training is not just cost, but mostly time. If you need to grow the business but your employees are not ready to for the scale, there is not much you can do about it. A few companies died because of this, notably Digg and Friendster. [0] https://www.sanjosebusinesslawyersblog.com/are-non-compete-agreements-enforceable-in-california/ https://www.sanjosebusinesslawyersblog.com/are-non-compete-a...
- belltaco 7y ago>A few companies died because of this, notably Digg and Friendster Interesting, never heard about that. Any place where I can read more about it?
- doh 7y agoDigg https://en.wikipedia.org/wiki/Digg#Digg_v4 https://en.wikipedia.org/wiki/Digg#Digg_v4 Friendster http://highscalability.com/blog/2007/11/13/friendster-lost-lead-because-of-a-failure-to-scale.html http://highscalability.com/blog/2007/11/13/friendster-lost-l... There are, of course, others. Twitter wasn't far from meeting the same fate. That's (partially) why Dorsey was fired.