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HRM-Poaching Employees

Youve got great talent. Why dont you join my Company at the best pay

Presented By:- Group #07

Introduction/Definition to Poaching
latest mantra:POACHING/RAIDING" Buying talent (rather than developing it) It attracts talent from another firm by offering attractive pay packages It has become a challenge for human resource managers to face and tackle poaching, as it weakens the competitive strength of the firm

Importance of Poaching (Medium Of Talent Acquisition)


Understanding workforce demographics (current and future) Identifying economic issues impacting organizational sustainability Knowledge of industry trends and emerging issues

Learning from best practices


Identifying poaching and retention issues

Analyzing performance metrics (business impacts, financial considerations, etc.)

Types Of Poaching
Direct Poaching:-All work is carried out internally. Indirect Poaching:Employee Branding, Employee Referrals, Web Attraction, Thirdparty poaching , (Placement agencies)

Companys general approach towards poaching


Companies generally approach towards poaching in an indirect manner rather it being a direct in order to avoid unethical issues:1. Head Hunting

2.
3.

Social Networking (Orkut/Face book)


Employee Referrals

Merits Of Poaching
Poaching is a strategy to do because of low unemployment rate

In a stiff labor market poaching is a smart move Securing skills or capabilities faster than if you were to attempt to develop talent internally through training and development efforts Securing expanded capacity (i.e. more bodies) that will require fewer ramps up time mitigating high-level talent losses due to attrition The Benefits of Hiring Away Your Competitors Talent

Demerits Of Poaching
HRs Dirty Little Secret Talent Turn over Time Consuming Out sourced Head Hunting can be expensive Company could lose a brand Image due to direct poaching Dissatisfaction In Disguise

Talent Poaching Case-1

Prevention Is Better Than Cure


Poaching is the strategy to do because of the low unemployment rate," Following can be inculcated to prevent effects of poaching on employees: Reward managers for keeping good people and if possible reward entire team Train managers that employees leave when they' re not rewarded, thanked or given opportunities to learn Keep tabs on people who have a pattern of leaving E.g. If Joe Smith seems to hop to another job every 18 months, approach him on the 17th month Come up with the best tie-ups, employee welfare schemes, employee satisfaction survey

Poaching is not wrong and it is not unethical as well. It only shows some loop holes in the retention strategies of the company whose employees are being poached The approach is not new and has been deployed around the world for ages Human capital is not built on deadwood Employers need to make sure that they don' t cross legal and ethical lines