Wyatt Employment Law Report

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Wall Street Journal Reports Employers Having Difficulty Retaining Overqualified Workers

By Edwin S. Hopson

According to a November 15, 2010, article in The Wall Street Journal, employers who hired “top talent on the cheap in the depth of the recession should start worrying about defections….” 

Quoting Russ Riendeau, senior partner of Barrington, Ill., recruitment firm East Wing Group Inc., “[l]ast year, the focus was getting a job, period. Now those who had no choice before are regretting it.”  That’s because many employers that hired during the recession were able to obtain top talent at bargain prices.  Now that the economy is starting to turn around, “those overqualified hires become more frustrated—some of them are considering greener pastures.”

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