Poaching

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  • Topic: Employment, Employee stock option, The Players
  • Pages : 2 (518 words )
  • Download(s) : 165
  • Published : April 5, 2013
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I believe that Poaching, with exclusive focus on the hiring of individuals for their skills, knowledge, and expertise, and not trade secrets specific to their employer, is not a breach of law and it is certainly not unethical. It could merely be called a breach of trust by the employee in employer-employee relationship. It is the failure of the employer to be able to retain the employee. Poaching is accepted and even encouraged to stimulate healthy competition between organisations and helps put assets to the best use. Employee movement, due to Poaching, is as high as 30%, companies are well-aware and are keeping up with it. Any law/contract would be unjustifiable as employees are to be considered as free people rather than subjects, the final decision is always of the employee to take or reject the offer. Any norm against lateral hiring is an artefact and is unjustifiable under the current socio-economic scenario. Brief on the Company: ICSA India

Established in 1998, ICSA provides embedded solutions & quality infrastructure across a spectrum of industries & utilities especially the Energy Sector. We have state-of-art R&D facilities and a host of patented innovative products to provide customers with the most suitable products. We endeavour to hire the best talents and provide with a flexible & a delightful work environment and the best compensation in the industry. We value our employees as an important stakeholder and accredit it we have an Employee Stock Options Programme running for years. Company’s position on Poaching

Poaching in the IT & the semiconductor industry is acceptable. The growth is high in the sector, jobs to increase ten-fold by 2015, creating more need for skilled professionals. The industry faces a huge talent crunch with scarcity of employable graduates/professionals. Also this industry has seen an increased consolidation, since the 1990s, there has been acquisitions by the companies in their supply chain as well, resulting in fewer...
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