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I'm not familiar with them. Can you name the company or provide a link? Investing in employees only makes sense if the company thinks the investment will pay o

I'm not familiar with them. Can you name the company or provide a link? Investing in employees only makes sense if the company thinks the investment will pay off. Let's say a company views the expected value of an employee at $100 000 a year. Instead of trying to hire someone at that rate they decide to train someone. Training costs money and doesn't always result in someone that can fill the role. Let's say it takes $20 000 to successfully train someone. To break even on their investment the company would need to pay below market rates for some period of time. If they pay $90 000 a year for the next two years we plans to bump the person's salary to the full $100 000 afterwards what are the odds the person will stick around for the full two years? In a hot job market why wouldn't they leave and start getting the full $100 000 earlier? I'm not saying that the current system works well but I'm not convinced this approach makes sense for most companies.

dagw 12y ago
I know several of the big name consulting companies (McKinsey, KPMG etc.) did that for a while. Their basic thinking being that if you can get any degree from Oxford or Cambridge you're probably smart enough to be taught whatever they need you to know.
- fredophile 12y ago
  I didn't find the program you're referring to in a quick web search but did learn that McKinley has a history of mostly hiring new grads dating back to the fifties. They also have a history of employee stack ranking (they call it up or out) and culling as much as a fifth of their consultants annually. Neither of the companies you mentioned focuses on tech. Their management and financial consultants. I'm not convinced that you can apply the same plan to programming and get the same results.
  - wyclif 12y ago
    No, read the parent comment again. They hired these grads for programming and dev jobs, not as "management and financial consultants." Dagw is correct— they used Oxbridge as a filter and retrained these new hires with great success.

dagw 12y ago

I know several of the big name consulting companies (McKinsey, KPMG etc.) did that for a while. Their basic thinking being that if you can get any degree from Oxford or Cambridge you're probably smart enough to be taught whatever they need you to know.

fredophile 12y ago
I didn't find the program you're referring to in a quick web search but did learn that McKinley has a history of mostly hiring new grads dating back to the fifties. They also have a history of employee stack ranking (they call it up or out) and culling as much as a fifth of their consultants annually. Neither of the companies you mentioned focuses on tech. Their management and financial consultants. I'm not convinced that you can apply the same plan to programming and get the same results.
- wyclif 12y ago
  No, read the parent comment again. They hired these grads for programming and dev jobs, not as "management and financial consultants." Dagw is correct— they used Oxbridge as a filter and retrained these new hires with great success.