Wednesday, September 23, 2009

Can Do Capitalism? Viva Italia

From Economist:
"IT CAN be costly for firms to recruit new talent and find appropriate matches for open positions. Innovative solutions to reduce the time and expense of the hiring process are always in demand. Like this:

'Italy Post Office May Depend on Nepotism to Cut Costs

Under a draft plan detailed to unions, postal workers at 140 branches who agree to early retirement can cede permanent job contracts to their children. The “heir” must be at least 30 years old with a high school diploma. Talks on the policy are at an “advanced stage,” and it could be implemented by early October, said Walter de Candiziis, head of Failp-Cisal, the union that first suggested the plan in 1997.


...Nepotism has deep roots in Italy. The word derives from the Latin for nephew and has its origins in the practice of popes elevating their nephews to the position of cardinal to create papal dynasties.'

I suppose there is something to be said for the transparency of the thing."

TW: Nepotism makes the world go round, right? Why not just institutionalize it?

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