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I've had a number exchanges recently that inevitably touched upon the British culture of 'hire-n-fire' (my Dutch colleague) with the meaning that very few actually understand the real cost of losing and hiring professionals, thus creating the 'arbitrage'
opportunity for the pros when economy picks up - and.... the bubble cycle (i.e. inflated cost of labour) enters a new spiral.
The second set of reflections is about the global market for labour - the question arises about the real consequences to the industry and the economy as a whole due to outsourcing key roles in the downturn.
I say, the phenomenon created by these fire-n-hire cycles, erodes the opportunities for the release of real potential of legions of professionals. After their first 'fire', in their next 'hire' they will put substantial effort into playing politics (to avoid
the next 'fire') rather than concentrating on the creative side of the job. That fuels the rise in conformist behaviour and desire to reap the most benefit until the start of the next ‘fire’ cycle.
This is called a survival instinct – the market place becomes a jungle…. Would you agree that after all shrinks like Z. Freud would be the ideal Heads of HR! But contemporary ‘hire-n-fire’ executives do not like to be analysed……
Thank you for your comment
I agree entirley with what you say and hope that firms begin to look at the overall costs of boom bust in the employment market. However i am afraid that firms boards and HR are just too reactive and look at short term rather than long term prospects. We
can keep pushing for common sense
19 Sep 2007
This post is from a series of posts in the group:
A place to discuss MiFID
01 Sep 2020
04 Jun 2020
29 Apr 2020