In the ?war for talent,? companies need to be aware that competitors are continually adding new tools and strategies in order to ?poach away? (translation: steal) your employees. One of the most devastating things that can happen to a firm is when another firm?s recruiters start large scale ?raiding? of entire departments and plants. Unchecked raiding can mean the loss of dozens of people in a brief period. The resulting ?shock? of a mass loss of talent (during a short period) to production and product design can run into millions of dollars. If you are going to be successful in blocking or mitigating a competitor?s raiding strategy you must first: POSSIBLE BLOCKING STEPS
There are no magic bullets in the ?blocking? campaign. You institute a mass experimentation approach in which you try different tools, you track their effectiveness, and you keep the ones that work. There are two basic categories of blocking tools: group and individual. Within them there are two basic types of strategies: monetary and non-monetary. Whatever you do start early so that the employees don?t see it as a tit for tat matching effort rather than a sincere concern for the employee. The tools mentioned here are just those used by others and are not ?recommended? without first setting your own ethical boundaries. GROUP WIDE ?ANTI – RAIDING? BLOCKING TOOLS I) NON-MONETARY TOOLS Strategy and planning
Recruiting tools
Market research/ data gathering
Retention tools
Management related
Training / Development related
II) MONETARY TOOLS