Katherine Spencer Lee has been with the company since 1995 and has more than 15 years of experience in information technology consulting services. She is a frequent public speaker and guest hosted several live events on Web sites such as Monster.com, Techtarget.com and CareerPath.com. In addition, she is currently providing career insight and advice through columns in Computerworld, CIOUpdate.com, Optimize and Certification Magazine.

TIPS FOR ATTRACTING IT TALENT

1. Offer competitive salaries and comp plans. Let's face it, money still talks. Check in with recent hires or those completing their first year and see if they feel their salaries are still competitive. Evaluate them frequently.

2. Play to your company's strengths. IT workers, like all of us, can be ego driven. If your company has an outstanding reputation for cutting-edge technology, industrial design, hip culture or an ability to draw top tech talent, play that up in the interview process. People love to know that they are going to a place that everyone else is dying to get into. But keep your sales pitch relevant: A database administrator may not be too dazzled by the fact that you have a first-rate creative team.

3. Highlight cool projects they will work on or may someday aspire to work on. If you're about to release an anticipated new application or technology, people may take less money for the opportunity to work on a true resume-builder. But be careful to keep them interested after the product/service is completed, or they'll just jump ship.

4. Emphasize the pedigree or reputation of people they will get to work with or under. Got rock stars? Then let potential employees know.

5. Look internally to your employees for referrals—good people know good people. IT is a small world and networking with your current staff and even enticing them with a referral bonus can lead to great talent.

TIPS FOR RETAINING IT TALENT

1. Re-evaluate your compensation plans annually or even twice per year and ensure they are up to date. Our 2007 Salary Guide for IT Professionals will be released in early October and will include salary ranges for more than 60 IT positions, regional and national employment trends, management strategies and more. How do you stack up?

2. Provide professional development opportunities to retain your best people. We conducted a survey earlier this year of 1,400 CIOs nationwide and found that 63 percent of these technology leaders were offering these types of opportunities. Firms recognize that technology workers, in particular, value ongoing educational opportunities that will enable them to keep their skills current and continue learning on the job.

3. Offer flexible schedules. Our survey found that 47 percent of the CIOs we polled were willing to provide flexible schedules. Effective retention programs also address work-life balance and salary issues. Offering flexible schedules or telecommuting options is a cost-effective way to improve overall job satisfaction, show appreciation and build loyalty. Competitive compensation packages are equally important and demonstrate to employees that their contributions are valued.

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