The Justice Department is investigating to see if anti-trust laws are being broken by Google, Yahoo and Apple for agreeing not to hire each others top talent.
They are practicing what most companies simply give lip service to: "Our employees are our most valued asset"
Does it keep salaries down? Yes.
Does it decrease hiring expenses? Yes
Does it eliminate non-compete lawsuits? Yes
Does it reduce IP lawsuits? Yes
Does it protect the most important asset? Yes
These companies can invest all of the cost savings in growing their own talent rather than poaching. Not a great argument for a recruiter to be taking, but it sure seems smart.
If the Justice Department follows through and they deem antitrust laws are broken it sets a dangerous precedent. There are hundreds of industries that have a "gentleman's - hands off - agreement" they won't steal staff. The JD better be ready to go after all of 'em. And if they do, it will force the top talent to require an employee for life deal - so watch out for unions made up of Directors and VP's as the brethren.
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