Another challenge relates to Cuba’s northern
neighbor. Many international organizations with
U.S. affiliations, even those not based in the United
States, have declined to be part of the program
because of concerns about how it would impact
their ability to operate in the United States. That
means the pool of project talent is smaller than
usual. “It has had a real impact on the pool of talent available to select for the professional teams,”
Mr. Taljaard says.
Non-Cuban project sponsors also worry about
challenges stemming from corruption and bureau-
cratic delays. Chinese executive George Yan
proposed building a US$1 million LED light manu-
facturing plant at Mariel in May 2014. Cuba’s gov-
ernment gave initial approval three months later.
But, by November, Mr. Yan still had not received
the official go-ahead, he told The Associated Press.
“This would take 24 hours” in China, he said.
The greatest challenge for prospective spon-
sors, however, has to do with money—specifi-
cally, Cuba’s lack of it. While Cuba presents grand
potential for projects, funding remains a challenge,
says John Kavulich, president, U.S.-Cuba Trade
and Economic Council, Buffalo, New York, USA.
“There’s a lot of desire and a lot of interest by
foreign investors, but there’s still an issue of who’s
going to pay for it,” Mr. Kavulich says. “Cuba
wants and needs a lot, but generally it wants other
people to pay for it.” —Ambreen Ali
STILL NOT ENOUGH
Yet employers shouldn’t view the counteroffer as a foolproof retention tactic. A pay raise isn’t the same thing
as taking on new responsibilities, learning new skills and gelling with colleagues.
Source: Randstad UK Holding, 2015
THANKS, BUT NO THANKS
Approximately one in five people received a
counteroffer during their last job transition.
of people working
of people in IT, and
58% of employees
across the U.K.
do not think
are an effective
as “too little,
55% of those in the IT industry say
they would leave within a year of
accepting a counteroffer.
52% of those in the construction and
engineering industry say they would
leave within a year of accepting a
37% of U.K. professionals would
plan to find jobs elsewhere within a
year despite accepting a counteroffer.
21% 18% 20%