How Hard Should Your Employer Work To Retain You?
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Google's extravagant effort to re-hire a single AI researcher highlights the extremes companies go to in retaining talent. In the past, employees often leveraged resignation threats to secure better compensation, distorting company culture. Rather than engaging in brinksmanship, both employees and employers should make career decisions based on personal and organizational alignment. Managers play a crucial role in fostering career growth, ensuring fair compensation, and being honest about opportunities. Healthy turnover is natural and can be beneficial, while efforts to retain employees should be thoughtful and equitable.
Table of contents
You should stay at your job as long as it fulfills your career prioritiesThe company should employ you as long as it’s a good fitYour manager should try to make this a great career opportunity for you, for as long as possibleYour manager should also be honest if you could find better opportunities elsewhereSome amount of employee turnover is natural and healthySometimes people sit in critical roles at critical momentsThere are two types of disproportionally critical employees: superstars and SPOFsGet to know your superstars, and compensate themWork on a plan to de-risk your SPOFsMost jobs will be saved or lost by boring organizational labor, not heroic diving saves.It’s easy to talk about fairness and equity, but it takes a lot of structural labor to walk the walkIt should be okay to tell your manager you’re thinking about leaving, and talk about your optionsShould you ever try to change someone’s mind about leaving?On extremely rare occasions, heroic measures may be the lesser of two evilsPeople work at jobs for money, but not only money1 Comment
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