Re: Good for competition?
There is no shortage of qualified IT personnel in the US. It's all a product of wanting to pay very low salaries and not even interview people over 40.
Hire some "olds" (i.e., experienced workers) and raise salaries to attract more people and the problem is solved with local talent.
I pay well over the market and am always amazed at the quality of applicants I get. The extra salary expense is easily recouped from having extremely low turnover, thus little downtime getting new hires up to speed. But then, as a private company, I'm allowed to think beyond the current quarter.