Employees Poaching

Employees Poaching

 

The job market is extremely difficult to break into. Employers are having a harder time than ever recruiting and attracting the best possible talent in their organization. Companies are increasingly on the lookout for people with specialized abilities that are unique to their business. Job seekers with such specialized abilities are now few and far between. Furthermore, they are difficult to identify, making the hiring process lengthy and inconvenient.

On the other hand employees must have complete freedom to pick their own career and increase their pay, firms are interested in poaching in order to reduce training costs and shorten the learning curve. As a result Poaching come in to the screen. The poaching might adversely affect to small business because losing their talent employees while the competitor getting success.

           Figure 1(Source: (Blasingame, 2018)

 

What is Employees Poaching?

Employee poaching is a legal activity in which an employer contacts a competitor's employee with the goal of persuading the employee to apply for a position at their company. Employee poaching is more likely in high-demand roles or industries since the employee usually has the education, experience, or talents that difficult to come by and are advantageous to the company. Poaching is not an uncommon approach of recruitment and it can be widely seen in Marketing sector and financial organizations in Sri Lanka and globally.

Poaching is common in expanding enterprises that require employees with in-demand skills. Job poaching is frequent in the IT industry, for example, because firms require people with high-demand practical competence (Nandani, et al., 2020). ‘Head hunting’ is another process, that having similar characteristics, of recruiting employee typically highest positions of an organization.

 

Impacts of Employees Poaching on both former and new organizations.

                                Figure 2 (Source: Anderson, 2021)

The metaphor is reflecting misnomer to the others and its sounds like hunting animal. 'Employee poaching' conjures up images of a nefarious wildlife hunt. The simple act of debating whether or not staff poaching is ethical illustrates how deeply the animal metaphor has infiltrated our psyches (https://resources.workable.com/, 2021).

 

Drawbacks

·       One of the major concern is corporate information that is kept private slip into the hands of competitors. Employees are frequently asked to sign a non-compete clause by innovative enterprises that develop new products or services. These are legally binding agreements that ban employees from working for a competitor for a specified length of time after departing (Anderson, 2021).

·       Affected organization’s associated operations/ duties may stagnate for little longer due to vacancy of itself, it will lasts until find a proper candidate.

·       Humiliation among the competitors and temporary recession.

·       If two or more companies consistently target employees from a competitor, poaching can quickly turn into a talent war. This can be harmful and costly to both businesses, and it is important to be aware of this before using this technique (Newman Stewart, 2021)

 

Benefits

·       Now employer possible to conveniently reach to his goal with the new talented individuals.

·       Expenditure for Employee training and development cost would be minimized for the new employer.

·       Affluent organization can easily access to talented employees and poach who searching better remuneration and new working environment.

·       It is much favorable for the new employers who looking forward to rapid business development.

 Conclusion

It is not an impolite approach to recruiting employees in this competitive business world.  You should be proactive in trying to prevent it from happening if you learn that one of your most valuable employees is considering leaving. An early concern when a team member leaves for a competitor is whether he'll bring other colleagues along with him (Knight, 2015). The given situation turning out to be disaster to any organization. Therefore it is very important to pay alert to any signs that one of your team members is considering a job offer and see what you can do to help also determine which staff you can't afford to lose and create individual retention strategy for each.

 

References

Anderson, D., 2021. Hire. [Online]
Available at: https://hire.trakstar.com/blog/poaching-employees-is-it-ethical-to-hire-from-your-competitors
[Accessed 03 December 2021].

Anderson, K., 2021. SHRM. [Online]
Available at: https://www.shrm.org/resourcesandtools/hr-topics/people-managers/pages/no-poach-cases-.aspx
[Accessed 03 December 2021].

Blasingame, J., 2018. Forbes. [Online]
Available at: https://www.forbes.com/sites/jimblasingame/2018/04/23/dont-be-a-victim-of-key-employee-poaching/?sh=79be5a4d7b46
[Accessed 01 12 2021].

https://resources.workable.com/, 2021. Workable Better Hiring. [Online]
Available at: https://resources.workable.com/stories-and-insights/employee-poaching
[Accessed 01 December 2021].

Knight, R., 2015. Harvard Business Review. [Online]
Available at: https://hbr.org/2015/09/when-the-competition-is-trying-to-poach-your-top-employee
[Accessed 3 December 2021].

Nandani, G., Khatri, C. & Vikas, T., 2020. Is talent poach ethical or Unethical?. Research Gate, 10(40), pp. 73-79.

Newman Stewart, 2021. https://newmanstewart.co.uk. [Online]
Available at: https://newmanstewart.co.uk/news/2018/08/what-is-the-difference-between-headhunting-and-poaching/177
[Accessed 3 December 2021].

Vaswani, A., 2015. ETIMES. [Online]
Available at: https://timesofindia.indiatimes.com/life-style/relationships/work/entrepreneurs-how-to-deal-with-employee-poaching/articleshow/46618527.cms
[Accessed 03 December 2021].