You could get smart people to move to Third World countries for 50-70 cents on the dollar. Plus two round-trip plane tickets per year, 6 weeks of vacation (with

You could get smart people to move to Third World countries for 50-70 cents on the dollar. Plus two round-trip plane tickets per year, 6 weeks of vacation (with a guarantee that this perk persists upon return to the US), increased leadership responsibilities and creative control, spousal job placement, and a guarantee of the option to return to the US with at pre-cut pay, plus 25 percent, in 5 years (when the economy has improved). This might actually be a very smart way of cutting personnel expenses in the short-term while giving people an opportunity they'll enjoy. If you don't offer such a package, your talent is going to vanish and you'll only be able to send utter mediocrities overseas. No one with options is going to move to another country while remaining a subordinate code monkey doing grunt work for "the palace" an ocean away (which happens in branch offices of many multinational companies). Which means that your New Delhi office will be trained by the cast of Dumb and Dumber. Epic fail.