this post was submitted on 24 Jul 2024
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Yeah, but the new guy's gonna be cheaper than the one with experience!
I mean, think about the next quarter benefits! Stop searching for stuff like 'reliability' or 'long term'. That doesn't mean anything to the shareholders who'll jump ship the next month.
(It's definitely an hyperbole, but it does raise a good point over hyper short-termism leading to mass layoffs for 'profitability'. The sick days are just the excuse needed to part the employes that will support their hyper toxic management structures from the ones who aren't 'team players')
Onboarding a new employee is incredibly expensive. I think the stat is that it takes on average 6 months for the company to break even for the hiring costs. That's what I've read through. No idea how true it is
It's very true!
Six months is the most conservative estimate I've heard. There's some specialties where it's closer to 24 months.
But the boss' bonus will have arrived in their account, before then. And with a little luck, the next company wide reorganization will make it someone else's problem.