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A comment on Companies struggling to fill jobs 'should try paying more,' Fed's Kashkari says. Parent comment

Re:Companies struggling to fill jobs 'should try paying more... by richardknop on Thursday November 15, 2018 @07:33AM (#18458718)
Increase their salary to market rate once they complete their training. Easy.
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Re:Companies struggling to fill jobs 'should try paying more... by huhtenberg on Thursday November 15, 2018 @07:49AM (#18458818)
The OP lists options for when you do NOT have funds to do exactly that.
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Re:Companies struggling to fill jobs 'should try paying more... by admax88q on Thursday November 15, 2018 @08:56AM (#18459226)
If you don't have the money to pay market rate for the skills you need to run your business then unfortunately your business model is untenable.

Just like you can't sell jewellery for less than the cost of the gold you had to purchase to make it.

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Re:Companies struggling to fill jobs 'should try paying more... by huhtenberg on Thursday November 15, 2018 @09:47AM (#18459578)
Certainly.

That's exactly why "hire people at lower qualifications, and educate them in house" is not a viable option in this case either.

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