By Tod Loofbourrow
http://www.news.com/Must-employers-really-pay-to-play/2010-1022_3-6214903.html
While there is truth to the old adage that “you’ve gotta pay to play,” many companies are building compensation packages in a vacuum, with little, or no connection to actual business goals. In fact, throwing money around–in the form of substantial CEO pay packages and recruitment signing bonuses–is not doing much to improve business success or employee retention. With executive churn on the upswing, attracting and retaining talent more than ever remains a top corporate priority. Indeed, companies say they are increasingly worried about recurring talent shortages–and for good reason. Less than 25 percent of the businesses Authoria surveyed said they were doing a good job leveraging compensation to attract and retain high quality employees–let alone aligning performance with business objectives.
This nation is in the middle of a talent crisis. The U.S. is estimated to face a 10 million worker shortage in 2010; the 500 largest companies are expected to lose 50 percent of their senior management in five years and the average tenure at one employer for U.S. employees is only three years. An extensive study by research and advisory firm Bersin & Associates last May showed that due to economic growth, demographic shifts (retirement of baby boomers) and new workforce values, organizations are experiencing an unprecedented corporate talent squeeze.
For the entire story go to topix.net
Corra has read reports where the bureacratic bottleneck on skilled and educated immigrants who wish to work in the United States is being moadifed for a faster flow. The is good news for the businesses who need skilled workers.
With that in mind you should consider International searches for your employment candidates who have worked abroad. Corra advises an International Criminal Background Search, as well as International Employment and Education verifications. This is a prudent way to avoid any rude surprises and to help you reduce your exposure to costly liability litigation. You might, in some cases, want to do the Global Terror Watch Search, as well. Not only does this search alert you to those on the terror watch list but also reports on Interpol, the Bank of England and other key reporting agencies that help define whether a person or business can work in the United States.
Check them out before you hire.