double rainbows double blessings
Looks like the double rainbows are giving good reasons for a pay rise in all sectors. More jobs, tight job markets and pressure to attract and retain talents. Soon we will hear organisations losing staff or talents and need to boost salary to attract more and better talents. What is this talent that we are talking about? The talents at the top are all very well paid and very settled in where they are. It is very difficult to move them around unless there are very exceptional reasons or perks. Also it is very difficult for them to move around as well as many are actually no longer marketable. There are in positions and earning incomes that are beyond their worths and no one will want to offer them more. Peter's Principle. One very special group of talents that are highly mobile and marketable are the young talents, the second upper and first class honours grads and less than 5 years in a organisation. Because of the squeeze in starting salaries over the last few years, many are not getting paid their worth. This is especially so in the civil service. In the private sector, a talented two to three year graduate could be getting $4k to $5k. In the civil service, many will not smell $3k. And for them to be in the civil service, they are the cream of the crop. Head hunters will definitely be targeting this group of young talents, under paid but all with good honours degree. Where else can they find such talents except in the civil service. Those with similar talents in the private sector will be amply rewarded as the private sector is more aggressive and nimble. We can expect to see more musical chairs as the music begins.