SOUND OFF: What Employee Retention Strategies are Working for You?
During the dot-com boom of the late 90s, I spent months covering “the technology workforce crisis” in my column on CIO.com. The big issue was the H-1B visa cap and the insatiable need that companies had for technologists. Along came the dot-com bust, and the news was all about layoffs from the Internet debacle.
Here we are again. The recession notwithstanding, cloud and mobility and consumerization have created an even greater demand for technology talent than in the 90s, and that talent is in even shorter supply. The talent pipeline is being squeezed at both ends. Computer Science program enrollments are down, and an entire generation of experienced technologists is ready to retire. What’s more, Silicon Valley is hopping again, and is luring good people into its clutches.
CIOs across the industry spectrum have to get creative at recruiting, developing and retaining the right talent.
My question to readers this week: What is the most effective approach you are taking to retain your best people? Please let us know using the Comments section below.