> “The companies three to five years from now that are going to be the most successful are those companies that doubled down on entry-level hiring in this environment,” Nickle LaMoreaux, IBM’s chief human resources officer, said this week.
This is why firms that do actual training have clauses written in the employment contract that says if you receive x months of training from them then you have to work for them for at least y number of years otherwise if you leave then you have to pay them for the cost of training you (which is written as a dollar amount in the contract).
Companies that don't have that kind of clause in the contract are going to get screwed over when their newly trained employees get poached by other firms.
The shortage of senior engineers will be even worse than it is today.
Not sure your argument really holds any water over a 10+ year period as I originally described.
I started my career with a graduate program from a larger company. I stuck around in that company for close to 5 years and would have liked to stay longer. My reason for leaving were the absence of a career progression. The first 3 years, the company had a great career progression path. Clear outlines what it needs for a promotion, fair and transparent pay, etc.
That changed and despite hitting/exceeding my goals, I was denied a promotion twice with no good reason. My boss, who is fantastic, told me that he cannot give me a good reason because he himself did not receive one. So I left.
Generally speaking, my cohort of the program was part of the company much longer than most employees. I don't think a single person left in the first 3 years. Attrition only started now that there was a general shift in the companies culture and communication.
Those sorts of clauses are not legal everywhere. They would certainly be at least heavily restricted in the UK (on the other hand there are subsidies for some employer training and education here - which is why my daughter has an engineering degree without paying any fees). The author of the article is in Israel, and as an academic is in a different position to people in businesses.