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"There's a lot more competition for skilled people today," he said.
With fewer educated workers, there was less competition for skilled jobs leading to higher wages at the top of the income ladder.
While fairly high by the standards of very poor countries, it is lower than the wages in Guangdong, where competition for skilled shoemakers has pushed up pay.
"There's not a lot of competition for skilled cellists," he said, "and no one knows it if you have a weak orchestra some year".
Do you get enough good quality applications when recruiting? Competition for skilled employees has increased over the past two years, according to the CIPD Resourcing and talent planning 2015 survey report.
Competition for skilled workers from other dot.com start-ups is fierce, so he pays close attention to his employees' needs and makes sure the workplace reflects Net speed and culture.
Similar(50)
"Without the knowledge or consent of their employees, [Duke's] senior administrators and deans entered into express agreements [with UNC] to eliminate or reduce competition … for skilled medical labor" by not "hir[ing] or attempt[ing] to hire" from each other.
Krenn (2017) shows that the interaction of competition for highly skilled CEOs and incentive schemes directly depends upon the wage tax rate if two principals located in different tax jurisdictions compete for a single agent.
In today's digital world, competition for highly skilled engineers is extremely high, and the companies that can find talent quickly have the best chance at recruiting that top talent before it's snatched up by the competition.
Vertical programmes undermine other service areas by creating competition for scarce skilled staff, separate reporting systems and duplication of training and tasks.
"Additional competition for low-skilled jobs, and increasingly intermediate-skilled jobs, has put great pressure on communities".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com