"One day I was talking with one of our best engineers, an employee I’ll call John. Before the layoffs, he’d managed three engineers, but now he was a one-man department working very long hours. I told John I hoped to hire some help for him soon. His response surprised me. “There’s no rush—I’m happier now,” he said. It turned out that the engineers we’d laid off weren’t spectacular—they were merely adequate. John realized that he’d spent too much time riding herd on them and fixing their mistakes. “I’ve learned that I’d rather work by myself than with subpar performers,” he said. His words echo in my mind whenever I describe the most basic element of Netflix’s talent philosophy: The best thing you can do for employees—a perk better than foosball or free sushi—is hire only “A” players to work alongside them. Excellent colleagues trump everything else."One of the best read this weekend. Excellent write up on Netflix's, (the company that provides on-demand Internet streaming media), human resource policies. So many gems from the slides on how they define their company culture but not all are applicable as different countries have different labour laws.
-- Patty McCord, How Netflix Reinvented HR, emphasis added
While you can't always get excellent employees, but at least find those with good attitude and nurture their aptitude. Everyone want to find a good employee but nobody want to train them up. As for employee, if you're falling behind, re-educate yourself to stay competitive or just move on to do something else.
Discussion at Slashdot has an opposite point of view.