Bite Size Economic No.24
-
Bite Size Economic No.24
'If the cost of recruitment is less than the cost of training staff, firms will poach staff'
In the UK too many firms see the cost of poaching staff from competitors as cheaper than training (hence the focus on 'experience' in job adverts). This, then, of course, further reduces the incentive to trains staff knowing they will be lured away once trained.
Overall this has reduced the incidence of in-work training to everyone's detriment.
-
Bite Size Economic No.24
'If the cost of recruitment is less than the cost of training staff, firms will poach staff'
In the UK too many firms see the cost of poaching staff from competitors as cheaper than training (hence the focus on 'experience' in job adverts). This, then, of course, further reduces the incentive to trains staff knowing they will be lured away once trained.
Overall this has reduced the incidence of in-work training to everyone's detriment.
@ChrisMayLA6
Hence the use of poison pills - non transferable pensions that are are not preferred creditors on bankruptcy, etc. -
Bite Size Economic No.24
'If the cost of recruitment is less than the cost of training staff, firms will poach staff'
In the UK too many firms see the cost of poaching staff from competitors as cheaper than training (hence the focus on 'experience' in job adverts). This, then, of course, further reduces the incentive to trains staff knowing they will be lured away once trained.
Overall this has reduced the incidence of in-work training to everyone's detriment.
@ChrisMayLA6 I've seen this in the trades here in the US. It's now to a point where people and businesses which are in the trades complain that "the young folks don't wanna do this", but then you look at their job ads (and ads for other companies doing the same trade) and there's no possible way for a young person or a new person to do it, because they all require at least 2 years experience, sometimes 5, 10, and I've seen 15 a handful of times.
-
Bite Size Economic No.24
'If the cost of recruitment is less than the cost of training staff, firms will poach staff'
In the UK too many firms see the cost of poaching staff from competitors as cheaper than training (hence the focus on 'experience' in job adverts). This, then, of course, further reduces the incentive to trains staff knowing they will be lured away once trained.
Overall this has reduced the incidence of in-work training to everyone's detriment.
@ChrisMayLA6 This is a long term problem that has been carefully not addressed for half a century. When I was at North Manchester High most of the lads would leave at 16 and get an apprenticeship in local firms; Ferranti,ICI,Connoly’s etc. But already some of these were starting to poach time-served staff and close the apprenticeship schemes. And this is a domino effect because who’s going to train trades who then leave? Except soon they were complaining they couldn’t get skilled staff.
-
S suneauken@mastodon.world shared this topic
