The Presence of Outstanding Talent
Successful firms compete by putting together resources in unique and inimitable ways that create superior value for customers; a firm's competitive advantage is based on the knowledge, skills and experiences of its talented employees. Given this basis of competition, a company's primary resource is the talent of their employees. Competitive firms pay high wages to attract talent to their organizations. Residents also benefit when a community is recognized for its talent. It is common for top ranked graduates in specialized fields to receive starting offers of 2 to 4 times higher than the average starting salary compared to those with general degrees. It is to the regions' advantage to be recognized as a source of great talent.