To the posters mentioning that the company only has to provide better conditions to encourage pilots to stay...What on earth are you smoking??? That may work for some (I can't think of anyone offhand), but it wouldn't be many. T&Cs that match an airline...yeah, right! Rex can't keep the bigger airlines from poaching pilots. What chance does a GA company have with twin-experienced pilots?
A $5000 bond? The best PA 31/34 command job in Australia would still only pay maybe half to three quarters of the starting salary with an airline. Most of the young guns with their eyes set on the airlines applying for this job wouldn't blink to take an airline job if offered and they'd happily blow the bond. At least the company in question can accept that they will lose pilots on a regular basis and the $5K might cover the advertising, time and other costs to hire the next one.