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Talent Search 2.0



By Alan Horowitz


  Table of Contents:
  1. Talent Search 2.0
  2. ' Introduction '
  3. ' Promoting Loyalty '
  4. ' Employee Relationship Management '
  5. ' Winning Elements '
  6. ' Profile'
  7. ' Paying for Achievement '
  8. ' Room for Improvement '
  9. ' Hiring in 2001 '
  10. ' The Five Fastest Growing '
  11. ' Resources '

The slowing economy has ushered in a new phase, but not the end, of the IT talent drought. The skills gap is bigger than ever, and it's time to get smarter about HR strategies.

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Talent Search 2.0 - ' Room for Improvement '


( Page 8 of 11 )

Room for Improvement

Many companies fail to use the 10 most effective techniques for retaining IT talent. For example, giving IT workers additional vacation days, the sixth most effective technique, ranks 25th in prevalence in a study of 33 different retention techniques.

1 Challenging Work Assignments 1
2 Everyday Casual 11
3 Flex Time 12
4 Support for Career and Family Values 7
5 Favorable Work Environment 3
6 Additional Vacation Days/Time Off 25
7 Premium for Defined Set of Hot Skills 23
8 Project Completion Bonuses 19
9 Stay/Retention Bonuses 22
10 Project Milestone Bonuses 27

Source: William M. Mercer 2000 Attracting and Retaining High-Technology Talent Report, based on a nation-wide survey of 935 organizations from all industries.



 
 
>>> More Trends Articles          >>> More By Alan Horowitz
 


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