Are you ready to know everything about Job Poaching? Then keep reading this article for the right information.
When an employee possesses highly sought-after skills and experience, it’s common for companies to attract these employees in other to have top talent in their organization.
Maybe you have these skills, then you will benefit from having the attention of an organization that is ready to provide high pay and more benefits to get you to join the team.
Moreover, a certain way that employers recruit new employees is by poaching them from competitor companies.
In this article, you will know how job poaching works, and the strategies companies can use to prevent poaching.
READ MORE: The Good and Bad of Job Poaching: 3 Things Every Employer Should Know
What Is Job Poaching?
Table of Contents
Job poaching is also called employee poaching or talent poaching. Job poaching is the art of luring top-shelf employees away from competing companies.
Moreover, it is a legal practice that involves an employer contacting an employee at a competing company to convince the employee to apply for the job at their organization.
Job poaching is common with positions or within industries that are in high demand because the employee usually has the education, experience, or skills that can be hard to find and is beneficial for the business.
However, job poaching is not limited to industries like technology, any company can engage in job poaching to attract top talent.
If employee poaching is successful, the poaching company gets the benefit to have a high-qualified employee on staff while they take the talent away from the competitor.
How Job Poaching Works
This is common to see job poaching in fields where employees need to have certain technical skills like programming, analysis, coding and development.
Moreover, these skills are in demand and employers and employers and recruiters contact employees to give better pay.
Also, there are benefits to providing enough incentive for them to leave their current company and give their skills to their new employer.
For example, the recruiter can contact the software developer that works at a large computer design firm. It gives them incentives that include higher pay, maybe they want their current employer to take the position at the company.
Moreover, if the software developer accepts the hob proposal, then you can consider them to have been poached by their current employer.
It is a popular way for skilled employees to make money but they provide them an opportunity to learn new skills to get closer to job promotions.
This equates to having more money and working for high-quality employers they can show their resume when the employee is ready to take on the in another place.
While you may experience these benefits as an employee that is poached for another role, you can consider how often you allow poaching to occur.
Also, how often you change jobs, as too much change can signal to the new employer that you have a hard time remaining loyal to a company or may not have the career focus a new company is looking for.
READ MORE : What Is Job Poaching?
Strategies Companies Make Use to Prevent Poaching
Companies will want to employ anti-poaching measures in other to get the best talent. These strategies include:
● Using a No-Poaching Agreement
Moreover, the companies will enter into no-poaching agreements with their competitors in the industry. This means that each company agrees not to recruit employees from each other. As the agreement will extend to hiring too even when the employee applies for the position on their own.
● It Requires a Non-Compete Agreement
A non-compete agreement is also sometimes referred to as a non-compete clause (NCC). This is the agreement between the employer and the employee rather than with competing employers.
Additionally, the agreement states that the employee will not go work with the competitor for some period after their employment ends with their current employer.
● To Measure Employee Engagement
Organizations that constantly measure employee engagement will realize any pain points that employees experienced before it becomes a big problem that they seek employment elsewhere.
● Addressing Employees’ Needs
When you measure employee engagement, you should be able to address their needs. Moreover, it’s important to pay attention to what top performers need from your organization that can prevent you from feeling enticed by poachers from other companies.
However, the employee will look at the benefits like regular working hours, better salary, chances of promotion, safe work conditions, and recognition opportunities to grow their skills.
● Forming An Incentive Plan
The company will utilize an incentive plan to keep employees in their organization rather than in partnership with them. Through an incentive plan, the employee will have more rewards and incentives the longer they remain employed by the company.
Moreover, it is not just an incentive plan given to employees as a monetary reward for their loyalty. Also, serves as a motivator for the employee to work hard and stay focused knowing their work contributes to the growth of the organization.
● Developing a Company Culture
The company culture contains the values of the organization that drive business operations, strategy, and relationships with employees, stakeholders, and customers. Moreover, it explains the values that the employees care about most and can keep the employees loyal to their organization.
READ MORE: What Is Employee Poaching? (Definition and Strategies To Prevent It)
Conclusion
Job poaching is a sensitive aspect of the business industry and it is relevant in the society. The article above gives you the necessary information you need concerning the business. This will help you not to lose your talented employees to rival companies.
