What to be aware of when poaching employees While this blog post takes a pro-poaching stance, confidential company information falling into the hands of competitors is a real concern for businesses. In the end, this saves the poaching firm a ton of money on their talent acquisition strategy even if the move is generally frowned upon (but not enough to make companies not do it). At the core of recruiting is this: Any company that wants to succeed is interested in hiring the best employees. And while you wait, don’t forget to check out our free eBook on recruiting tech talent: hbspt.cta._relativeUrls=true;hbspt.cta.load(202646, '514fb245-30c7-4ad3-925a-b92b1fd3388d', {}); How to Recruit and Poach Candidates the Right Way. We can help from Literature Review to Hypothesis testing. Companies whose teams are greatly comprised of poached talent give the impression they don’t know how to hire for themselves, reaping the reward of other companies’ responsibilities and labor finding qualified candidates. Here are some tips for sourcing your ideal candidate who’s not really single, but possibly ready to mingle: Keep it legit. The companies are taking steps to retain their best employees by giving them a salary hike, better career opportunities, flexible work settings to help them maintain a family-job balance, conducive work environment, better leisure facilities etc. The companies lure employees of competitors by offering attractive jobs and incentives which causes frequent job switch overs. According to a study by Entelo, most employees will consider a job offer more seriously around their work anniversary. This saves the recruitment and selection costs, training and induction costs of the company because poaching supplies the candidates who are already trained in similar kind of operations. With a pool of talented subject matter experts, we are devoted to solving complex problems. ‘Employee poaching’ is a misnomer ‘Employee poaching’ sounds like an illicit animal hunt. There is a thin line that separates aggressive hiring from poaching. Employee poaching has emerged as a major human resource challenge in recent times. Employee poaching is common in IT industry because this industry demands technical skills from employees. Companies in search of qualified talent often look to the industry’s top performers for their next great hire. She has authored more than 80 articles so far in Human Resources Management, Strategic Management, Finance and Marketing. There’s little wonder that the often criticized method would work. Human resources are critical to the success of an organization. As with recruiting in general, despite how impressive a candidate appears on paper, make sure that the individual is the right fit for the team. RELATED: No Poaching Agreements: Attorneys general on the hunt. Not to mention it comes across as crude, desperate, and stingy. While hiring from competitors can be a viable option for boosting your company’s performance, there’s certainly a degree of ethics, legality, and good taste that accompanies rubbing shoulders with the folks down the block. Poaching is done to get the trained, experienced and most talented employees of competitive firms. By understanding how to build a great business with good employees, managers will know how to, 6 Tips For Interviewing And Hiring Former Employees, How to Find Tech Talent on Github, Hacker News, and Stack Overflow, Infographic: The Science of Recruiting Email Outreach, 3 Workflows To Try Out In Entelo's New Extension Experience. Your email address will not be published.

It can also be described as targeting the competitors’ pool of talent. The process of hiring from the competition is loaded with pitfalls: you don't want to get a reputation as a poacher or start a tit-for-tat talent war.

Innovative companies that develop new products or services often ask employees … Coming between a candidate and their employer in this kind of questionable manner can ruin your company’s reputation and is likely to result in costly legal action. She is self-motivated and writes for the Knowledge Tank section of Project Guru. By doing so, the company can escape the blame of raiding the efficient employees of the rivalry firms.

Notify me of follow-up comments by email. Required fields are marked *. This makes companies to go for stealing the competitors’ talent. On the other hand, poaching talent adds another layer — recruiting candidates who are currently employed by another company, usually a competitor, with the allure of better compensation and benefits.By understanding how to build a great business with good employees, managers will know how to thrive with exceptional workers. Ankita is working with the editorial board of Project Guru as a Research Analyst and Writer. The Talent Poaching, also known as the Employee Raiding, is the tactic adopted by the firms to sweep away or raid the experienced employees of the competing firms. Apple, Google, Facebook , and Samsung are among a long list of both large and small scale companies benefitting from the widely debated method. For example, a recruiter who spreads false rumours about an employee to his current employer damages their professional relationship with the objective of accelerating the employee’s hiring process with the new company — that is, if the hire actually comes to fruition. Leaving an organization is never an easy decision. Another example of illegal poaching would be recruiting a candidate to damage their current company by taking away this individual’s specialized skills that set apart his company from yours, and capitalizing on those skills. In simple words, luring the talented staff of the competitor, generally in the same industry, with an objective to save a training cost and gain the competitive advantage over the competing firms.

Go figure. Tortious interference with business relations occurs when an organization intentionally damages business relationships by preventing an individual from fulfilling their contracted duties. The debate over whether employee poaching is ethical continues to rage—and a company’s stance largely depends on which side of the fence it finds itself on. You may have your hands on the next big thing, the employee your competitors are interested in hiring. How to write the theoretical framework of the research? Avoid getting into legal battles with the company you’re poaching from by making sure that the candidate, who shares the recruiter’s mutual interest of joining the team, is not bound to their current company with a non-compete agreement.

We start by preparing a layout to explain our scope of work.

But in spite of these efforts, a major portion of employees leave the organization as soon as they get a better offer from a competitive firm. Moreover, the companies across the globe are facing the serious problem of attrition. Employee poaching can only be controlled by developing strong relationships with the employees so that they think twice before deciding to resign. Poaching is done to get the trained, experienced and most talented employees of competitive firms. The volatility of the real estate industry, LGBT community and their workplace problems, Concerns and measures to help combat unemployment in South Africa, Impact of virtual environments on organizations, Need for internal job posting in organizations, Developing human resources in IT sector in Vietnam, Teacher recruitment and retention scenario in India, HRM at Gas Authority of India Limited (GAIL), http://www.channelbusiness.in/index.php?option=com_content&task=view&id=261&Itemid=78, http://drjohnsullivan.com/articles-mainmenu-27/sourcing-mainmenu-29/83-poaching-the-best-talent-worldwide, http://www.siliconindia.com/qacity/news_desc.php?nid=83858, http://www.asialaw.com/Article/1988941/Channel/16958/Employee-Poaching-The-War-for-Talent.html. Recruit talent, not the resume. In order to keep the talent poaching ethical, the companies can hire the consultancy agencies who recruit the experienced staff of the competing firms, on its behalf. It can also be described as targeting the competitors’ pool of talent. This strategy isn’t just great for high-level executive headhunters. She has previously worked in various financial institutions like Birla Global, HDFC Ltd. and Citi Financial. The simple act of asking whether employee poaching is ethical reveals how deep into our psyches we let the animal metaphor creep. Definition: The Talent Poaching, also known as the Employee Raiding, is the tactic adopted by the firms to sweep away or raid the experienced employees of the competing firms. Knowledge Tank, Project Guru, Jan 02 2012, https://www.projectguru.in/employee-poaching/. With Masters in Commerce and Business Studies, Ankita learned much of what she knows about management through experience.

Employee poaching is a common phenomenon in today’s corporate scenario. Recruiting the best to be the best? Non-compete agreements vary between states and companies, and in some cases, hiring an employee who leaves their current company for yours may result in a lawsuit.

The organizations are now making aggressive moves to get the best talents available in the marketplace and seeing the need of the hour, the question of ethics is also kept aside several times. Your email address will not be published. Therefore every company wants to hire the best.

Though the market is flooded with people holding degrees in IT, the real talent is limited. To this end, they regularly attend seminars, conferences, and trade shows to … Losing employees to competitors is a critical issue in corporate parlance today and is a major cause behind high attrition rates. Downsides of poaching. The best employees are always trying to become even more valuable and talented. It often applies to companies located in the same geographic region and for a specific period of time.