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Skills shortage to inflate wages and benefits

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HC Online | 06 Jul 2011, 12:00 AM Agree 0
The deepening skills shortage will lead to a surge in wages and employee benefits over the next 12 months and could significantly undermine business performance, according to a new survey.
  • Lanning Bennett CEO COI Group | 07 Jul 2011, 10:23 AM Agree 0
    There is much research to suggest that pay is a low level motivator. Interpersonal relationships, employer brand and professional growth are far more important. Firms can take the heat off their bottom line by focusing on these more intrinsic offerings. This is more cost effective and if properly done will always be more attractive to the best employees than a simple wage increase.
  • milonida | 07 Jul 2011, 12:35 PM Agree 0
    The skills shortage is less deep than suggested. There are plenty of over 45s in HR and other disciplines ready to give their knowledge and wisdom, if only they were given a go by recruiters and organisations willing to tap this resource. There is no point in crying poor until all resources have been depleted. The change in thinking has to occur at the corporate level because recruiters don't have the skills and knowledge to make these judgements.
  • Dianne Firman | 30 Jul 2011, 03:29 PM Agree 0
    Please show me the research that suggests that a skills shortage will be reduced by increasing wages. Stating a 'skills shortage' is very broad; which areas in particular are experiencing a skills shortage? Resourcing in regional areas perhaps but certainly not in areas such as administration or graphic designers.
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