If you’ve ever thought the saying “employees are our most important asset” is just something bosses say but don’t actually mean, think again.

Technology companies are in a war for talent, CIO Magazine reports, and many businesses are going to extreme measures to retain employees who hold highly in-demand skills. Consider Google, which offered $3.5 million in restricted stock to an engineer that was being courted by Facebook so that he wouldn’t leave.

Just as businesses need warehouses and sales and finance and marketing teams, tech talent is essential to keeping a company running smoothly these days. J.S. Cournoyer, co-founder of venture capital firms Montreal Start Up and Real Ventures, wrote in Fortune:

“Big Web companies like Google, Facebook, Apple, Microsoft are engaged in an all-out war for talent…that should last for years as they compete for Web supremacy, but they are not alone. Consumer-facing companies like Procter & Gamble, Ford and Coca-Cola have started hiring as well.”

Your thoughts? How important is paying top dollar for good talent? Leave your comments below.

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