this post was submitted on 21 Mar 2024
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Funny: Home of the Haha
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I think it's short sightedness. If you look at the costs over a decade it would be a no brainer to invest in retention, but if you're only looking at the change in this quarter's budget then it's not as clear.
And we're just looking at salary difference with the new hire here. Hiring and onboarding the right person costs.
It also sadly risks undeserving employees getting raises and becoming much harder to dispose of, especially in jurisdictions where it's hard to fire people.
It's shit. Top talent and young people suffer for it.