Web
definition:
The act of enticing key employees from one
competing firm to another.
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Why is this even worth a topic to debate?
Well, for me, if some other firm is giving better incentives and lots of
mullah, does it really matter whether my present employer is worth leaving? For
starters, the net worth of every company is his people and the satisfactory
index of the employers is what defines the real assets. Not the patents, not
the machineries and certainly not the closing-opening stock. Now, if you are
not creating a suitable environment for your employees, it is certainly your
loss.
According to a study by The American
Society for training and development predicts that by 2015, 60% of the new jobs
created will require the special skills held by only 20% of the population. In
1991, by contrast: Less than half of the U.S. jobs required skilled workers.
Hence, the poaching.
Where does the problem lies then?
The problem
lies in the unethical way and going beyond what is fair and legal. For ex. well
known stock brokering firm Ord Minnett recently fell foul of restraints in a
different way. It used the confidential information of Wilson HTM, an
employer of some individuals who were angling for jobs at Ord Minnett, to try
and 'lure away' even more of Wilson HTM’s employees.

