Pay up to get talent

If you can’t beat them you had better join them.

After complaining for a long time on how chemical engineers are abandoning their professional training to the more lucrative IT, banking and retail sectors, chemical companies are learning that what works is money. If you want talent you have no choice but to pay for it, especially in today’s competitive job market.

This report in the Indian Express talks of a chemical engineering graduate from Punjab University being offered a record annual salary of Rs11 lakhs ($25,000). The company making the offer was Shell.

Attracting talent is only a small part of the game. Any ideas on how to retain the new recruits?

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One Response to Pay up to get talent

  1. Biofuelsimon 25 April, 2007 at 10:24 am #

    Keep paying them better wages than the competion for as long as you can afford to?

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