Comment by Retric
9 days ago
> The problem is not how to get an employee to stay for 40 years.
No, you generally need more than 1 set of training over 40 years.
Bob’s been with you for 6 years but you’re about to make him redundant and pay unemployment insurance. Meanwhile you’re looking at 10k of onboarding costs for a new role. Suddenly 10k or possibly significantly more worth of training is saving you money and getting you an employee who is dependable and already knows the business. Yet you almost never see this happening because it’s just got to be cheaper to get someone else to pay for training.
As to stealing employees from companies that just did 5-15k or whatever worth of training, they have onboarding costs and on top of that need to offer more money to get someone to swap jobs. Convincing people to swap jobs is really expensive unless the other company is paying significantly under market rates so don’t do that after you just trained someone.
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