Any company that has a high turnover rate is doing something very very wrong. Those are the companies that need to look at the way they treat and compensate their employees, and the overall culture of the place, and make changes.

Most jobs that have high turnover rates are the ones that are low paid and unskilled. Fast food, telemarketing, etc.

Besides, nowadays companies who invest a significant dollar amount (or any dollar amount, really) towards training someone can require in an employment contract that the person work there for at least X number of months, in order to make it worth it to the company. If you leave before the end of that time, you pay back the training costs at a pro-rated amount (usually the cost of the training divided by the months they require you to stay on the job). They get someone trained and some assurance that the person will actually stick around, at least for a while, instead of jumping ship the moment they're trained.

Plus, a lot of companies nowadays are rolling two or more positions into one and requiring that applicants have experience in all the skill-sets needed. With no training. Oh, and did I mention they're only willing to pay you for the salary of one person? There are some exceptions to this, of course, but in the case of the exceptions it's usually some extremely obscure piece of machinery or technology that you do need to be trained in how to use appropriately, but no one is going to know wtf to do with it unless they've worked with that exact piece of machinery or technology before...which is virtually no one. And in those cases, it really does boggle my mind that they won't train someone, with the aforementioned employment contract stipulations written in.

 

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lol.

 

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GM posts record profit 2 years after bankruptcy
http://money.cnn.com/2012/02/16/news/companies/gm_earnings/index.htm

Samsung tipped to continue strong growth with record profits in Q1 2012
http://thenextweb.com/asia/2012/03/29/samsung-tipped-to-continue-strong-growth-with-record-profits-in-q1-2012/


Corporate Profits At All-Time High As Recovery Stumbles
http://www.huffingtonpost.com/2011/03/25/corporate-profits-2011-all-time-high_n_840538.html


Many of the nation's preeminent companies have posted massive increases in profits this year. General Electric posted worldwide profits of $14.2 billion, while profits at JPMorgan Chase were up 47 percent to $4.8 billion.

Corporate profits steadily increased last year as companies continued holding onto record amounts of cash and other liquid assets while cutting costs, laying off workers and wringing more productivity -- defined as the amount of output that comes from an hour of work -- from remaining staff, even as the recession eased.


Companies near record profits amid high unemployment
http://www.rawstory.com/rs/2011/08/01/companies-near-record-profits-amid-high-unemployment/

In July, corporate giants such as 3M, Caterpillar, Goodyear, Microsoft and Apple reported all-time high revenues in the second quarter of 2011, though the stock market still slumped amid fears of an economic slowdown and a possible government default.

Of the companies in the S&P 500 list of large-cap firms which have reported their quarterly earnings to date, 72 percent have beaten analysts’ forecasts, according to Standard & Poor’s analyst Howard Silverblatt.

.......

General Electric, Caterpillar and Dow Chemical were among the US corporate stalwarts which reported strong emerging market sales that helped offset slow growth in the United States in the second quarter.


Private Companies See Record Profits
http://blogs.wsj.com/economics/2011/08/23/private-companies-see-record-profits/

Private companies have seen dramatic increases in their profits per employee, according this release from research firm Sageworks Inc. that underscores how companies of all sizes continue to bounce back from the recession despite high unemployment.


Can companies continue to post record profits?
http://www.usatoday.com/money/perfi/columnist/krantz/story/2011-11-22/corporate-profits/51359520/1

What Is Business Waiting For?
http://www.nytimes.com/2011/08/16/opinion/nocera-what-is-business-waiting-for.html

As Cawlin said, it's a load of horse crap.

Companies have been posting huge profits and hording the money. Meanwhile, productivity per employee has been going up and up and up....but compensation has been going down. IOW.....employees are working harder and producing more, but getting paid less for doing so.

Right now companies have more cash on hand than at any time in recorded history, trillions of dollars sitting there, and they see no reason to spend it. No increased demand, decreased in fact. Why expand when their is no reason to do so? It takes a jump start for the economy to get going, and we have seen a little hint of one over the past 6 months or so. Slight upticks in spending and the economy is growing, albeit very slowly. This isn't any help for educated and/or experience people however.

Companies have started to hire a bit, but it's not only non-experienced employees that are having a hard time, too much experience will kill you as well at this point. Companies have a huge supply of workers at this time who haven't had a promotion or a raise in years, hiring someone from outside to fill even a middle management position is death to moral when you have 7 people in house who are qualified and want that position.

It makes much more sense (from any businesses perspective) to push the costs of training any employees off on to the government or the employees. Why train them (and incur the huge expense) when you can get them to do it themselves thru tech schools and college? So they cry about the lack of qualified applicants, cry about "lazy, feeling entitled employees", cry about health care costs, cry, cry, cry.....and bang, more money for training shows up in Federal and state budgets. Meanwhile, they expand H1B visas and import workers who are paid much less, get no benefits, and are virtual indentured servants who have to take whatever working conditions and crap they shove at them.....or get deported.

It's a sick, messed up, and stupid business model....but it's been the prevailing one for more than a decade now....and it doesn't show any signs of changing any time soon. Sure, there are a some positions opening up, always will be. But there are no where near enough opening up to even deal with new people coming out of school and into the labor force......let alone the millions of 30-50 year old people who lost great jobs with good pay and benefits and now work for 1/4 of their former salary and will NEVER get a position equal to the one the lost again.

The business model in place in the US is to pay top executives hundreds, even thousands, of times what the average employee in that company makes. Push all benefit costs off on the government. Replace experienced employees with non-experienced to reduce pay even further. Cut positions as often as possible to increase productivity (aka make employees work harder) and increase profits in the short term. Screw long term, the executives making the decisions wont be there in 10 years, take their 200 million dollar buy out and move on to the next company, so why give a damn that they are destroying the company in the process? Best Buy is a good example.

All this adds up to our current economic stagnation. It will take foreign companies moving into the US to take advantage of our skilled labor and motivated work force to change the way things are being done. Well, either that or armed insurrection. Our corporate environment is poisoned with stupid even more so than our government is.

My current new position that I started 3 weeks ago and the consulting gig that I am still working part time both needed\wanted heavily experienced staff. This is for a number of reasons, foremost is customers don't have the time or inclination to sit and wait while their provider gets back up to speed, secondly, many projects, especially those needing contractors need to roll out a project quickly and with a minimum of QA concerns. Actually, my new employer's largest client, Shell, wanted to meet me as I would be taking over the development for their account.

 

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You (and others) post but yet you do not see. Many companies are playing it very tight to the chest because of numerous factors. The factor I'm referring to is that companies are running scared, they are dubious about the future and as a consequence are running as lean and tight as they can. This dynamic is good for their current profits but has a chilling effect on expansion.

Another reason why companies do not churn through people anymore is that regulations have made it very burdensome and risky to hire & fire at will. From the employee perspective this may seem like a good thing but it is not in the macro sense of getting the larger economy moving again. The more government interferes with business, the less business you will have or that business will flee to liberal but lawful areas they feel stability and the ability to take investment risks.

I can't say any better than Cawlin and Ptilk did.

 

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In what reality?

 

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The company I work for - Intel - is one of those. 2010 was a record year for Intel, generating $40 BILLION dollars of revenue. The CEO was very impressed. Then we shattered that record in 2011 by generating over $50 BILLION in revenue.

To answer the question, Intel is only hiring RCGs (recent college grad) for the engineering positions. In the manufacturing side, where experience would really help out the teams, there's a hiring freeze.

 

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