Hiring the Competition – Great Idea or Big Mistake?

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Is hiring top talent away from your competitors a good idea? The practice, called poaching, is common in several industries due to the demand for great employees. But is it something your company should be doing? It’s a risky move, but executed correctly, it could pay off. Here are some things to consider when making this decision:

You need a solid strategy.

It’s not a good idea to start trying to hire an entire team away from your competition. Not only are you unlikely to land every employee, but the behavior looks desperate and can create unnecessary ill will. Instead, make a decision to fight for a specific person, or a specific skill set that you’re lacking and you feel could make your company stronger. Once you’ve determined what kind of employee you want, then you can craft a plan tailored to landing them.

Remember that employees aren’t interchangeable.

If an employee has done well in a similar job at another company, that doesn’t guarantee they’ll be successful as part of your team. Workplace culture varies from company to company, and employees don’t always perform equally in different environments. Also, keep in mind that once you’ve poached an employee, you may have someone who is more loyal to their own career than they are to your company. They may be hard to hold on to if someone else offers them more than you are able to.

Poaching isn’t the only way to find talent.

At Burnett’s Staffing, located in the Dallas Fort Worth Metroplex, we can connect your company with someone from our pool of talent. If you’re looking for an employee to help with office support, administration, finance, human resources, sales, or management, we’re the perfect team for the task. Savvy job seekers use our agency to find jobs because there’s no charge to apply with us, and they gain access to unpublished opportunities with local companies. You can try out our talent by hiring on a temporary or temp-to-hire basis. We’ll even take care of payroll.

Looking for more creative staffing ideas? Contact us today to discuss your company’s needs, and we will come up with a solution to help you meet your goals.

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