2000 Date-Change Problem: Scam, Hype, Hoax, Fraud Message Board

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Technology Stocks : 2000 Date-Change Problem: Scam, Hype, Hoax, Fraud

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To: Bill Wexler who wrote (111)	10/2/1997 5:10:00 PM
From: Jeffrey S. Mitchell	of 1361

Re: No demand for Y2K programmers? Well, how do you explain this: BRAIN DRAIN HITS STATES State year 2000 compliance efforts are being hurt by another problem: an accelerating brain drain. State officials were virtually unanimous in pointing to the loss of skilled employees to private companies as a serious issue. Even installing incentive plans didn't stem employees' departures. Texas state agencies, for example, can offer up to $5,000 a year for two years to employees who agree to stay on the job through May 2000. But Carolyn Purcell, the state's CIO in Austin, predicted that the program will meet with only moderate success. "People are getting signing bonuses that sort of make that look puny," she said. Texas competes against private firms that will offer signing bonuses as high as $25,000, plus $20,000 salary increases, Purcell said. "There are agencies in Texas that tell me that they have had 100% [technical staff] turnover in the last year," she said. Full link (thanks to Norm) cwlive.cw.com:8080/home/online9697.nsf/All/971001state188AE - Jeff

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