Lastly, skilled and talented employees are always hunted down by companies and organizations that are prepared to pay more for their skills than what you are currently paying them. Our own experience in the Central Bank of Solomon Islands demonstrates the difficulties of managing clever people.
For years we have been spending a good portion of our budget directly sponsoring our officers to receive Masters Degree level education from Universities in Australia to meet the skill gaps that we have identified to enable the Bank meet its legal mandate to conduct its monetary policy responsibilities.