I found it amusing that Mike Sal said that the 24% attrition in July isn't a problem. How can you maintain good consistent delivery when a quarter of your staff are jumping ship.
He then said his OK to pay more to recruit new outside replacements but not reward internals. How stupid is that.
His happy to pay more for external (adds upto 50%+) which means extra wage costs, recruiment time/effort/cost, onboarding costs, delay and low productivity periods for them to get upto speed. By the time they are upto speed a year later they leave, creating another whole set of wasted costs. Yet his not willing to reward existing staff to lower the attrition.
He also mentioned that his willing to stop staff leaving but when his investigated his found that middle management have told him the person isn't critical/key/worth retaining. Is the opinion of middle managers really trustworthy and how can so many staff not be worthy of retaining? The middle management are but yes people who can't think for themselves so won't give a proper opinion.
The manpower strategy of this company is totally flawed and there's obviously big issues with how staff are compensated, for such a large exodus to occur.
Existing staff need to be given a bonus retention payment as the pay raises were terrible and inadequate.