I typically don’t read HBR material because over the years I found HBR to be too academic (not representative of reality) this is however an interesting blog post.
Reading between the lines you can infer a few practices that are not good for companies
in the long term:
- Trying to low ball potential employees. That works only until their skills are in such demand that they walk out. People may take a position out of necessity but it is the rare person who likes being taken advantage of.
- Extending the hiring process. That works only until their skills are in such demand that they find a position somewhere else before the company makes up its mind.
Many North American companies are relying on IP to survive and hopefully thrive. IP is created among other things through top employees and collaborators. Current hiring practices may well go against acquiring those top employees and collaborators.
What do you think? As always questions and comments are welcome.
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