r/Glasgow Tools

Title
Author	Cannonieri
Comment	>but the economy wouldn't collapse if the 2nd placed candidate had your role. The economy wouldn't, but the department would. We currently have areas of our business switched off because there is no one with the skills required to run them. Similarly, we are finding with new hires, it's a case of the business they depart from having to cease trading in that area. This is in part why the salaries are so high, because the businesses we are hiring from have very little leverage as if they lose the staff member, the market has proven they probably won't be able to replace them. This is consultancy/finance, where the business essentially is the person working there. We do have resource in house to fill certain areas but not the hours, because virtually everyone earning over a certain threshold doesn't want to work a full week because they are taking so little from their gross compensation for doing so. This in turn makes it incredible difficult for us to incentivise staff to join in high paying roles, because to give someone x of benefit we're having to pay multiples over x to make up for the tax loss. We cannot make up that multiple elsewhere however as there is no play-off against the fees we can charge. This is why the UK has become so unattractive for highly skilled workers and why it is becoming so hard as a business to convince people to take on these roles.
Reddit Link	https://www.reddit.com/r/glasgow/comments/14y1ixe/council_tax_rises_of_up_to_22/jsvorcd/
Created	Fri 21st Jul 2023 3:46pm
Status	normal ()

>but the economy wouldn't collapse if the 2nd placed candidate had your role.

The economy wouldn't, but the department would.

We currently have areas of our business switched off because there is no one with the skills required to run them. Similarly, we are finding with new hires, it's a case of the business they depart from having to cease trading in that area. This is in part why the salaries are so high, because the businesses we are hiring from have very little leverage as if they lose the staff member, the market has proven they probably won't be able to replace them. This is consultancy/finance, where the business essentially is the person working there.

We do have resource in house to fill certain areas but not the hours, because virtually everyone earning over a certain threshold doesn't want to work a full week because they are taking so little from their gross compensation for doing so. This in turn makes it incredible difficult for us to incentivise staff to join in high paying roles, because to give someone x of benefit we're having to pay multiples over x to make up for the tax loss. We cannot make up that multiple elsewhere however as there is no play-off against the fees we can charge.

This is why the UK has become so unattractive for highly skilled workers and why it is becoming so hard as a business to convince people to take on these roles.