Why Companies Overspend on Recruiting and Underspend on Retention
(blackentropy.com)
I’ve been stewing over this for a while, because the disconnect is absolutely mind-boggling. On the one hand, companies shell out massive amounts of cash to snag new hires—signing bonuses, cushy relocation packages, recruiters working overtime. On the other hand, they’ll practically watch their existing talent walk out the door without lifting a finger to keep them around.
I’ve been stewing over this for a while, because the disconnect is absolutely mind-boggling. On the one hand, companies shell out massive amounts of cash to snag new hires—signing bonuses, cushy relocation packages, recruiters working overtime. On the other hand, they’ll practically watch their existing talent walk out the door without lifting a finger to keep them around.