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[[Category: McNair Projects]]
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Poaching and Entrepreneurship (Blog Post) (view source)
Revision as of 11:51, 15 November 2017
, 11:51, 15 November 2017no edit summary
{{McNair ProjectsBlogPost|Project TitleHas title= Poaching and Entrepreneurship (Blog Post)|Topic Area= Entrepreneurship Ecosystems|OwnerHas author= Dylan Dickens|Start TermPart of series= Summer 2016|End Term= Summer 2016|Status= Active|Deliverable= Blog PostSocial Factors in Entrepreneurship|AudienceHas content status= General Public|Priority=3|Due Date=NA|Stage=DRAFTED |Keywords= Poaching, Entrepreneurship, Small Business, Ecosystem, Capital, Crowding-OutTabled|Primary BillingHas Graphics status=AccMcNair01None
}}
==Abstract==
A blog post focusing on some trends in business poaching.
Cliff Oxford, founder of the Oxford Center for Entrepreneurs, [http://boss.blogs.nytimes.com/2014/09/11/heres-how-to-keep-competitors-from-poaching-your-employees/?_r=0 writing] for the New York Times suggests a solution. In order to avoid the "huge and demoralizing loss for the culture and profits of a company" that is talent and information poaching, Oxford claims a new hire “break-up fee” worked for him and his company. He claims the plan worked as follows: employees started at about 50% less than market rate, but by month 12 they were 20% ahead of the market. By the end of the second year, they were 40% ahead of the market, and by year five they could be as much as 100% ahead of the market, and "worth every penny." Keeping in mind the potentially disastrous effects of business poaching and information dissemination, plans such as Oxfords may be a solution to reap the many benefits of co-working in entrepreneurship while avoiding the detriments.
Google Doc Link: https://docs.google.com/a/rice.edu/document/d/1IHrXdtEwh5BlIms76-bG0OHZN3m16R8nAubRTp6e_6M/edit?usp=sharing
==Resources==
Inline. See above.
