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Finding and hiring the right person is very time consuming, training up that person is very timing consuming, and when someone leaves, training someone to take
by Quanticles 11y ago
Finding and hiring the right person is very time consuming, training up that person is very timing consuming, and when someone leaves, training someone to take over their responsibilities is very time consuming. Combining all of those these together, each time a person leaves a company it incurs a cost of about 6 months of their salary. I'd rather pay more for someone that's going to stick around then hire people who are likely going to get bored and leave. Many companies try to figure out way to reduce turnover - it's very expensive.
- deleted 11y ago[deleted]
- panjaro 11y agoBut Once hired they are put into a corner and company doesn't even answer their questions on future, career etc. I have seen a colleague at current office. She has been there for more than 5 years and believe it or not she doesn't even know what an ORM is. She is good at sql queries and she is busy all day with support work. If the company decides to let her go, It'll be very hard for her to get a job. That is what companies/founders/bosses don't care about and that's why people who worry about their time of life they're spending in the company to take some actions. It's not all about company's money. It's about people's life.