We have no problem finding people interested, but we do have problems finding people that can hold their own in single-pilot IFR. We washed out 4 of 6 in 2006. We really haven't lost the last 3-4 of us full-time guys like our company typically does at the 12 month mark, things are going good here, which has held the current guys in for less turnover.
BTW, that $5k training and only 18k/yr pay is a joke. Glad you said no. Also kudos for not dragging the name into it, but I have an idea who that is.