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It still doesn't make a lot of sense. There's a lot of risk in a new hire because you can only vet them so well. On the other hand you know how good your curren
by SomewhatLikely 7y ago
It still doesn't make a lot of sense. There's a lot of risk in a new hire because you can only vet them so well. On the other hand you know how good your current employees are and they have very valuable internal knowledge you couldn't pay for if you wanted to.
- JamesBarney 7y agoSure, improving employee retention is better than improving employee acquisition, but it's not 10x better. Each dollar just goes so much farther towards acquisition than retention. Basically money is a more important to people when they decide which job to take than when they decide whether or not to quit.