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Gold/Mining/Energy : CGI Group (GIB.A) -

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To: Gary H who wrote (168)	1/6/1998 9:07:00 AM
From: BM	Read Replies (1) of 1673

>> Enlighten me. With pleasure Gary. >> Somewhere along the way I was left with impresion that a lot of the older coding is in Cobol and that cobal programs from back in that era are somewhat scarse and they would be looking at premium wages for such people. How true is this if at all? Absolutely true. Some of the work can be done using automated tools however. >> It was also said, that getting down to the line premium programers could name there own price. If true, how would Y2K CO.s handle this when it comes? Those that are getting $45-60 now would be looking for $100-$120?hr. The prices are increasing and retaining staff will be a key issue for all Y2K companies. I imagine CGI will be affected to some extent but they will probably do much better than most other firms, given their track record of having one of the highest retention rates in the industry. Also, having their conversion centre in high unemployment areas (Saguenay, New Brunswick) makes raiding by other companies more of a challenge. As mentioned previously, with current premiums on Y2K work (CGI will have far more than it wants) I don't believe that CGI will be going around looking for more Y2K work unless that work results in more long-term outsourcing contracts such as the many new ones they won this year with the likes of Westburne, Spar, Teleglobe and now BCE.

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