If you are being poached but stand to gain in this competitive market, would you complain?
“COMPETITION IN THE PRODUCT MARKET IS GOOD FOR THE MARKET, AND THE SAME SHOULD BE TRUE IN THE LABOUR MARKET,“ SAID TIM GARDNER, CO-AUTHOR OF “THE ETHICS OF LATERAL HIRING“
LATERAL HIRING“ .While Gardner concludes that poaching is not immoral, there are disadvantages to hiring from the competition; especially the loss of goodwill with existing talent in the company, since poaching almost always involves different and potentially better benefits and pay. And when it is done with the main purpose to obtain trade secrets from another company, the act of poaching becomes unethical.
TOP THREE REASONS EMPLOYERS HIRE FROM COMPETITION
Trained talent: The talent is considered fast and high performance; hitting the ground running.Customers: It is specifically alluring for sales driven companies as it is a common belief (or misconception) that these talent bring with them an exhaustive customer list with doors easily opened! Institutional knowledge: The talent also brings the know-how of advanced technology and processes which the hiring company can benefit from.
A FEW THINGS WHICH NEED TO BE ASCERTAINED BY TALENT WHO ARE JOINING THE COMPETITION:
Have you signed a legally binding anticompetitive contract with your existing employer? In some cases, these can be proven as a violation by your employer; Are they hiring you for your competency and potential or just for some competitive information you have, including customer relationships and product knowledge?
Are you joining competition only for the high increment they are offering or are there more substantial reasons such as a bigger role; better professional growth; inspiring leadership; and cultural fit that are all crucial for long-term success? Have previous candidates had a good experience with your new employer? In addition, you would also need to win the “battle of the mind“ as leaving your current employer to join the competition can be an emotionally draining exercise.
A FEW TIPS TO HELP YOU GET MENTALLY PREPARED FOR WHAT LIES AHEAD:
Don’t be taken aback by dramatic reactions from your colleagues and boss; Refrain from sounding critical or personal on reasons for leaving. It’s a small world so you never know how soon you might have to eat your own words; You might be asked to leave on the very same day, hence, please pack in advance; Condition your mind to feel comfortable to compete against your colleagues of whom a few, if not all, are now friends.
THE KEY IMPACT FOR ALL INVOLVED PARTIES WHEN A TALENT JOINS THE COMPETITION IS SPEED:
COMPETITION IS SPEED:
The competition gets the speed to customer and market due to securing a talent who has been well trained; The talent acquires a higher role, better title and more money with at a speed he can never come to expect with the current employer.
The employer who loses the talent loses his speed as he has to train a new talent to sustain his competitive advantage.
However, if hiring from the competition is the only HR strategy you have in place, you are planning to fail, indefinitely. As for the talent, if you are being poached and are gaining in this competitive market, you wouldn’t be complaining, would you?
The author is MD India, Kelly Services & KellyOCG
Source: Times of India