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HR's job is to hire someone at the very least amount possible. Is it? HR strategy should maximize ROI and minimize financial risk regarding your team, but tha
by blankenship 15y ago
HR's job is to hire someone at the very least amount possible.
Is it?
HR strategy should maximize ROI and minimize financial risk regarding your team, but that doesn't necessary mean hiring someone for the least amount possible. Getting the best ROI and minimizing risk sometimes means recruiting the best possible employees and paying them exceptionally well to retain their services and keep them around.
- ori_b 15y agoGiven a desirable applicant, the job of HR is to find the lowest bid that will retain them. There is nothing wrong with that.
- pyre 15y agoUnless paying them that amount means that they will burn out on the job quicker and move on... Opening up the possibility that they can't find an adequate replacement. This is also more likely if the person is a poor negotiator as they will be more likely to just find a new job when they get unhappy rather than ask for a pay increase.
- ori_b 15y agoI don't see a reasonable alternative, short of a fixed salary. Fixed salaries are a win for poor negotiators, but don't give companies a chance to sweeten the pot to retain someone more expensive than their fixed offer.
- angelbob 15y agoThere is nothing wrong with that. For exactly the right definition of "retain", you're right. For most practical definitions of the word, you're wrong.