Once one of these rock stars of medicine or technology lands at your organization, there’s always the chance he or she will take flight. “You have to be totally aware that people can and will be recruited away,” says Pecoraro at Homesite Insurance. “We try to invest a lot and give people a lot of opportunities to work on great products with a great team.”
HubSpot, in particular, has been so aggressive about trying to grow its engineering team that it isn’t unusual for other companies to blog about its attempts, successful and not, to poach their programmers. The Cambridge company develops digital marketing software.
“Boston in particular is a place that is in the middle of two big booms: a biotech boom and an IT boom,” says David Autor, a professor of economics at MIT. “There’s no question those labor markets are super hot.”
But Autor says booms can eventually go bust, with once-precious employees being dumped onto the market. “A couple years ago, the finance sector hired anyone who could add two numbers together and get the right answer,” he says.
Following the financial crisis, many of those people are out of work or in different fields.
In other words, today’s iPhone programmer could be tomorrow’s mortgage processor.