This document discusses factors for attracting and retaining IT professionals. The top three attraction factors for IT professionals globally are salary/benefits, work-life balance, and training/development opportunities. While compensation is important, focusing only on salary will not be enough to attract candidates in a tight labor market. The document also examines common reasons IT professionals leave organizations, such as lack of advancement opportunities or poor management. It provides suggestions for retention strategies that leverage motivators like flexible work options and mentorship programs.
Aligning Business and Technology for Competitive AdvantageDijitle
Until quite recently, I.T. has functioned primarily as a technology implementer for the business. it has focused on providing a robust infrastructure, along with the implementation and integration of package software to automate the main business processes. But now we have entered the age of digital business, where many businesses exist solely because of technologies – in many cases technology is now driving the business rather than being subservient to it.
With advancing technologies, many organizations are focused more than ever on recruiting—particularly for skills they
need to succeed, such as expertise in data science, cybersecurity and artificial intelligence. These hard-to-find and
hard-to-hire skills—like so many other skilled professions—cost a lot to recruit. With labor pools shrinking, retaining
talent at every level is critical. Recruiting is more expensive than retention, which can be optimized via training or
creating a culture of constant learning. Choosing recruitment over retention also has a negative effect on employees,
who are left to wonder why their work seems to have less value than that of a new employee.
In this environment, it becomes clear that value lies in the engagement of employees—making sure they are actively
contributing to the company while learning new skills and advancing their own careers. But how to measure something
as intangible as engagement?
Strategic Workforce Planning: The Top Questions on Your MindScottMadden, Inc.
Recently, Stuart Pearman, partner and energy practice lead at ScottMadden, and Courtney Jackson, partner and human capital management practice lead at ScottMadden, reviewed strategic workforce planning at the EEI Strategic Issues Roundtable event. This presentation addressed the top questions on everyone's mind: Why? Who? What? Where? How? For more information, please visit www.scottmadden.com.
Aligning Business and Technology for Competitive AdvantageDijitle
Until quite recently, I.T. has functioned primarily as a technology implementer for the business. it has focused on providing a robust infrastructure, along with the implementation and integration of package software to automate the main business processes. But now we have entered the age of digital business, where many businesses exist solely because of technologies – in many cases technology is now driving the business rather than being subservient to it.
With advancing technologies, many organizations are focused more than ever on recruiting—particularly for skills they
need to succeed, such as expertise in data science, cybersecurity and artificial intelligence. These hard-to-find and
hard-to-hire skills—like so many other skilled professions—cost a lot to recruit. With labor pools shrinking, retaining
talent at every level is critical. Recruiting is more expensive than retention, which can be optimized via training or
creating a culture of constant learning. Choosing recruitment over retention also has a negative effect on employees,
who are left to wonder why their work seems to have less value than that of a new employee.
In this environment, it becomes clear that value lies in the engagement of employees—making sure they are actively
contributing to the company while learning new skills and advancing their own careers. But how to measure something
as intangible as engagement?
Strategic Workforce Planning: The Top Questions on Your MindScottMadden, Inc.
Recently, Stuart Pearman, partner and energy practice lead at ScottMadden, and Courtney Jackson, partner and human capital management practice lead at ScottMadden, reviewed strategic workforce planning at the EEI Strategic Issues Roundtable event. This presentation addressed the top questions on everyone's mind: Why? Who? What? Where? How? For more information, please visit www.scottmadden.com.
This survey explores CEO and business owner opinions of departments within their organization; specifically evaluating, Customer Service/Sales, Operations, Marketing/Communications, Research and Development, Human Resources, IT, Finance, and Legal.
Optimizing Your Workforce Productivity & Retention - Human Capital Insights -...ADP, LLC
In this Issue of Human Capital Management Vol. 5: Flexible Work Arrangements: Optimizing Your Workforce Productivity & Retention Five Eco-Friendly Strategies for Global Organizations Data Security Checkup: Protecting Employee Health Information
The Connected Digital Economy and Benchmarking for Competitive Advantage - Hu...ADP, LLC
In this Issue of Human Capital Management Vol. 4: The Connected Digital Economy
Benchmarking for Competitive Advantage New Year Presents New ACA Opportunity:
Strategies for Communicating with Your Employees
Finance Crunsh Time Reporting | Deloitte Indiaaakash malhotra
Reporting is an essential function of every organization because it tracks an employee's performance. But superiors are wasting a lot of time in creating and updating reports; rather, they should use that time to communicate with subordinates. This can be possible only when the whole reporting function gets automated in the organization.
TCS 2021 Global Financial Leadership Study - The Next Era in Financial Planni...Tata Consultancy Services
Read TCS’ study to know how global finance leaders are utilizing cloud-based systems & data analytics in finance to plug FP&A gaps & achieve sustainable growth.
Since 1999, The Conference Board CEO Challenge® survey has asked CEOs across the globe to identify the most critical issues they face and their strategies to meet them. Since 2017, the C-Suite Challenge has expanded the survey pool beyond CEOs to the entire C-suite. This year’s survey, conducted between September and October 2019, asked 1,520 C-suite executives, including 740 CEOs across the globe, for their views on the external and internal stress points they face, the need and will to collaborate with nontraditional partners to drive future growth, and the impact that cyber risk and more sophisticated attitudes toward data privacy will have on their organizations in a digitally transformed business environment. This first report focuses on the hot-button issues, external and internal to firms, as seen by CEO and other C-suite executives.
Companies of all sizes are struggling to manage the massive amounts of data related to human resource management. This program will examine the various solutions technology offers to deal with this challenge, and provide examples to increase department efficiency while adding strategic value to the business. The following objectives will be covered during this presentation:
- Learn about the current and future trends in HR technology, including Employee Self Service, Business Intelligence, and Social Media.
- Discover how to harness technology to make strategic business decisions
- Learn how to turn data into knowledge through Key Performance Indicators, Dashboards, and other metrics.
- Learn how to develop a solid business case for HR technology.
In this year’s survey of over 1,000 business leaders, C-Suite executives worldwide are acknowledging the need for radical reinvention. The question every organization needs to address: How is our organization reinventing itself for the digital age? The most prevalent response related to managing talent!
This survey explores CEO and business owner opinions of departments within their organization; specifically evaluating, Customer Service/Sales, Operations, Marketing/Communications, Research and Development, Human Resources, IT, Finance, and Legal.
Optimizing Your Workforce Productivity & Retention - Human Capital Insights -...ADP, LLC
In this Issue of Human Capital Management Vol. 5: Flexible Work Arrangements: Optimizing Your Workforce Productivity & Retention Five Eco-Friendly Strategies for Global Organizations Data Security Checkup: Protecting Employee Health Information
The Connected Digital Economy and Benchmarking for Competitive Advantage - Hu...ADP, LLC
In this Issue of Human Capital Management Vol. 4: The Connected Digital Economy
Benchmarking for Competitive Advantage New Year Presents New ACA Opportunity:
Strategies for Communicating with Your Employees
Finance Crunsh Time Reporting | Deloitte Indiaaakash malhotra
Reporting is an essential function of every organization because it tracks an employee's performance. But superiors are wasting a lot of time in creating and updating reports; rather, they should use that time to communicate with subordinates. This can be possible only when the whole reporting function gets automated in the organization.
TCS 2021 Global Financial Leadership Study - The Next Era in Financial Planni...Tata Consultancy Services
Read TCS’ study to know how global finance leaders are utilizing cloud-based systems & data analytics in finance to plug FP&A gaps & achieve sustainable growth.
Since 1999, The Conference Board CEO Challenge® survey has asked CEOs across the globe to identify the most critical issues they face and their strategies to meet them. Since 2017, the C-Suite Challenge has expanded the survey pool beyond CEOs to the entire C-suite. This year’s survey, conducted between September and October 2019, asked 1,520 C-suite executives, including 740 CEOs across the globe, for their views on the external and internal stress points they face, the need and will to collaborate with nontraditional partners to drive future growth, and the impact that cyber risk and more sophisticated attitudes toward data privacy will have on their organizations in a digitally transformed business environment. This first report focuses on the hot-button issues, external and internal to firms, as seen by CEO and other C-suite executives.
Companies of all sizes are struggling to manage the massive amounts of data related to human resource management. This program will examine the various solutions technology offers to deal with this challenge, and provide examples to increase department efficiency while adding strategic value to the business. The following objectives will be covered during this presentation:
- Learn about the current and future trends in HR technology, including Employee Self Service, Business Intelligence, and Social Media.
- Discover how to harness technology to make strategic business decisions
- Learn how to turn data into knowledge through Key Performance Indicators, Dashboards, and other metrics.
- Learn how to develop a solid business case for HR technology.
In this year’s survey of over 1,000 business leaders, C-Suite executives worldwide are acknowledging the need for radical reinvention. The question every organization needs to address: How is our organization reinventing itself for the digital age? The most prevalent response related to managing talent!
Een tijdje terug stuurde een burger gelukwensen naar het paleis voor de verjaardag van Elisabetta ‘Lili’ Rosboch. Die persoon kreeg vervolgens een dankbriefje.
Volgens het paleis is Rosboch een ‘prinses’.
Lili Rosboch is uiteraard geen prinses. In het Staatsblad wordt ze correct omschreven als ‘mevrouw’.
Sponsorship Purpose, Roles, and Responsibilities for Organizational ChangeGary Frank
The overall purpose of sponsorship is to provide leadership that demonstrates commitment to change across all phases of the change effort. Effective sponsorship is not the responsibility of a single person; it is the responsibility of a change network. The change network includes people from different functions and levels who help the organization members understand, prepare for, and transition through the change. - See more at: http://thechangekit.com/
We’ve worked with Executives and IT leaders for over 30 years, and the single most common complaint we hear from them is their profound frustration with the lack of results and transparency from their never-ending IT investments.
To add further complexity, the demand for digital products and services has made it increasingly difficult for organizations to make ongoing investments and balance the need for innovation with optimization.
The latest data, combined from global enterprises, big consulting and research firms, makes the case that companies need to urgently act to address the digital disruption of their business and their related skills gaps. The data shows that 70% of digital business initiatives are likely to fail to deliver business growth, due to lack of business process and product innovation, as well as poor organizational adaptability.
Poor governance and legacy product management processes to align business and IT initiatives, coupled with insufficient leadership engagement across the organization, are the main reason most companies are wasting money on IT.
This thought paper speaks to these challenges and how optimizing both technology innovation and cross-organizational engagement will accelerate the positive business outcomes that organizations are looking to achieve especially in lieu of increasing digital disruption.
Authors - Alex Adamopoulos and Bob Kantor
Crowe Horwath Jamaica (www.crowehorwath.com.jm) is one of the largest public accounting, consulting, and advisory firms in Jamaica . Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk and performance services.
Crowe Horwath Jamaica serves clients worldwide as an independent member of Crowe Horwath International, one of the largest global accounting networks in the world. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.
IT Business Analyst_ Jobs, Skills, Career Paths and salary.pdfeducationedge.ca
In today’s rapidly evolving technology-driven world, the role of an IT Business Analyst has become increasingly important. This article aims to demystify the profession, outlining the jobs, skills, career paths, and salaries for those interested in pursuing this exciting career. We’ll keep things simple and easy to understand for everyone.
We conducted a groundbreaking survey of the UK’s data and business professionals to get a snapshot of the state of the world of data, uncover some of the issues facing the industry and get a sense of the changes on the horizon. The results were enlightening, and in some cases, very surprising.
Find out:
Why nearly a third of IT Directors feel their organisation uses data poorly
What the hybrid data manager of the future will look like
Why understanding customer behaviour remains the holy grail for so many
We conducted a ground-breaking survey of the UK’s data and business professionals to get a snapshot of the state of the world of data, uncover some of the issues facing the industry and get a sense of the changes on the horizon. The results were enlightening, and in some cases, very surprising.
We conducted a survey of the UK's data and business professionals to get a snapshot of the state of the world of data, uncover some of the issues facing the industry and get a sense of the changes on the horizon. The results were enlightening, and in some cases, very surprising.
C09 07222011 101525 Page 88IT leader who had just been.docxclairbycraft
C09 07/22/2011 10:15:25 Page 88
IT leader who had just been hired and would be focused on developing a long-term IT
strategy for the company.
This chapter shows how to develop a strategy for your IT organization and avoid
getting overwhelmed with day-to-day issues. Many CIOs get caught up in tactical
issues and never take the time to establish a future strategy for the organization. The
process is not new or difficult, but many CIOs fail to devote the time to this area and
end up like Fred.
OVERVIEW
Developing an IT strategy is critical for IT leaders. Unless your organization has
developed an understanding of your future goals and objectives, you will not be
successful in leading it forward. In the same manner that you must first decide where
you want to live and build your dream house before engaging the architect and building
contractors, you need to develop a future strategy in order to successfully build your
IT organization.
This chapter is written for someone who has never developed an IT strategy in the
past or needs to revise an existing strategy to align with the company’s future direction.
We first review the methodology you can use to develop your strategy and then go
through the actual steps necessary to complete the strategy. It is important to note that
this is a collaborative process between the IT organization and its business partners. You
must actively engage them during the process and solicit their input during the
development of the strategy. The IT strategy should be considered a component of
an effective business strategy. Finally, we recommend that your strategy is a living
document that is updated on a regular basis to support the evolving nature of your
business. If you decide to enter a new market, offer new products or services, or change
your business model, the IT strategy must be revised to support the business.
IT STRATEGY METHODOLOGY
The methodology for creating your IT strategy consists of three steps, and development
of your improvement road map encompasses three critical elements, as shown in
Figure 9.1.
The first step is to understand the current state of the IT organization. Key questions
for determining current state include:
& Has the organization been successful in meeting the needs of the business?
& Are the relations between the IT organization and its business partners collaborative?
& Does the business feel that investments in the IT organization are providing the
desired benefits?
It is important to take an objective view of how the organization is operating today
and not assume that things are going great.
88 & Process
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This report is for managers, human resourcing and owners of technology companies, or those responsible for a technology department. The purpose of the report is to highlight ways of retaining technical talent.
Cinco consejos de los expertos Cutter (Cuitláhuac Osorio)Software Guru
Cuitláhuac Osorio forma parte del consorcio Cutter donde nos habla de cómo hacer que las TI importen y que funcionen.
Además, nos comparte 5 consejos de los expertos.
2. /02
No matter which industry vertical or sector you call home, by now
you already realize that there is an extreme talent shortage within
the IT profession. The influx of technology advancements, coupled
with a decrease in IT college graduates, is significantly contributing
to this dilemma.
This talent shortage impacts you and your organization in a
number of ways, and ignoring it won’t make it go away. But with
some insight into what’s motivating IT professionals in today’s
working environment, IT managers and leaders can focus their
initiatives for attraction and retention on the issues and efforts that
will matter most.
3. /03
Hasthishappenedtoyou?
As a leader in the IT space, perhaps you’ve struggled with one of
the following talent-related business challenges this past year:
• An expanding project load created a new opening on your team—and attracting
the right individuals with the specific skill set you were looking for was much more
difficult than in previous years.
• As pressures mounted and timelines shrank, you often worried about losing one or
more key members of your team—and retaining your top talent became difficult as
the competition began actively luring them at every turn.
In a tight labor pool, strategic leaders must understand the dynamics of a proactive
talent management strategy. Often this approach boils down to the HR fundamentals
of attraction and retention. And while these fundamentals can shift to some
degree from one industry sector to another based on prevailing trends, globally, IT
professionals tend to show many common motivators and preferences about their
careers and ideal workplaces.
introduction
4. /04
WhatdoITprofessionals
reallywant?
Professionals in IT are more likely to mention salary/benefits
when selecting an employer than their professional or technical
peers in engineering and science. But contrary to popular opinion,
a salary/benefits package is not always the silver bullet. If you
rely on competitive pay alone to lure high-demand IT talent to
your organization, you are fighting a steep uphill battle. Today, any
company attempting to lure candidates to accept employment can
hold an advantage over other competing offers by also focusing on
work-life balance and development opportunities.
According to the 2014 Kelly Global Workforce Index™ (KGWI) global report, an annual
worker opinion study that gathered nearly 230,000 responses from 31 countries
this past year, salary/benefits is definitely a significant factor for IT workers when
considering an employment offer, but does not stand alone.
attraction factors for IT professionals
The top three
attraction factors
for global IT
professionals:
87%
salary and
benefits
70%
work-life balance
66%
training and
development
opportunities
6. /06
Let’slookatthemotivators
Aside from simply concentrating on compensation and financial
incentives, spending the time to comprehensively understand
the motivators of your key IT team members will help you derive
better meaning behind these two important levers of attraction:
attraction factors
Work-life balance options:
• Allowing employees to flex their hours based on personal and professional schedules
• The ability to work from home or telecommute for a portion of the work week
• Allowing employees to participate in community activities that appeal directly to them,
while at the same time supporting the organization’s corporate social responsibility goals
• Awarding employees by extending “decompression” time off, based on extraneous hours
or the completion of a major project
• Providing tickets to events of interest such as shows, sporting events, or vacation trips
Training/development possibilities:
• Company-sponsored training/developmental courses, seminars, or conferences
• Engaging your high-potential talent in formal or informal mentorship programs or activities
• Proactively suggesting and supporting the pursuit of relevant job-specific certifications
• Active engagement in performance management discussions to help guide career
development actions, which provide additional opportunities for growth or advancement
Attracting talent into
your organization
It’s a reality of business today
that IT managers rarely consider
the critical need to leverage
fundamental motivational tools
to help bolster their talent
bench strength. Individual
management style, and the
appropriate balance of the
ideas listed here can lead to
better team cohesion and
business results.
7. /07
Andnow,acloserlook
When mapping out an attraction strategy, it’s good to understand
why your best IT employees tend to leave. According to the 2014
KGWI global report, the top six reasons after salary/benefits include:
attraction factors
Although there is
common ground
across most sectors
related to the key factors
that pull IT professionals
towards accepting one job
over another, there is still the
challenge of understanding
the unique differences across
sector or industry boundaries.
Networking with industry peers,
and leveraging workforce
insight data—such as the data
found in the KGWI report—is a
great start for most IT leaders.
lack of
opportunity for
advancement
not valued
feel undervalued
in their job
inadequate
work-life balance
no sense of
“meaning”
desire a sense
of worth
poor
management
less loyal
feel less loyal than
they did last year
poor staff morale stress
lack of training
and development
47+53+K
76+24+K
40+60+K
59+41+K
35+65+K
41+59+K
34+66+K 26+74+K 25+75+K47%
76%
40%
59%
35%
41%
34%
26%
25%
And that’s not all. Here are a few more reasons IT workers leave, based on a number of
related responses from the 2014 KGWI global report:
9. /09
Whydotheystay?
Chances are you’ve lost, or had to fight hard to retain an “A”
player within the last year. If this is the case, the following
information may not be a huge shock. We’ve heard for years that
employees don’t leave organizations—they leave their direct
manager. With that in mind, consider the following:
Professionals across IT sectors generally named the same three factors as reasons that
would likely cause them to leave their organization or change jobs/careers:
retention factors for IT professionals
Retentionisakey
leverthat IT leaders within
any sector must control to
enable increased efficiency
and productivity. If your
organization is experiencing
increased turnover, a closer
look at the key factors causing
your IT employees to leave is
critical. While salary, benefits,
and financial incentives sit on
top of the list, opportunities for
advancement and the desire for
better work-life balance follow
close behind across all sectors.
And while a greater percentage of IT respondents named these factors as the ones
most likely to cause them to leave, are IT leaders and managers in control of these
three leading factors? Maybe not to the full extent possible, but in many cases they do
hold the reigns, and can control a portion of the outcome tied to each.
64%
salary and benefits
(vs. 60% global average
among all employees)
40%
work-life balance
(vs. 36% average)
47%
opportunities for
advancement
(vs. 41% average)
10. /10
Actingonthemotivators
As an IT manager, you can build a stronger retention strategy that
goes beyond compensation by engaging these motivators:
Work-life balance:
• Consider offering flexible scheduling
• Engage in community activities as a means to help outside of the organization
• After an exhausting project, reward the team with extra time off, a lunch party, or
other non-monetary rewards
• Document your team members’ preferences for flexibility and rewards, then
leverage these preferences to individualize recognition for a job well done
Advancement opportunities:
• If team members derive information from conferences or training opportunities, give
them the opportunity to share what they’ve learned upon return, or lead a special
project based on their new knowledge
• Provide mentorship opportunities
• Have a good understanding of what type of advancement team members want to
pursue, and support a plan to achieve it
• Discuss career aspirations, and offer proactive ideas on how to help your team
achieve their short- and long-term goals
Again, individual management style and the appropriate balance of the ideas listed
above can lead to better team cohesion and business results.
retention factors
Instead of relying on
compensation and
financial incentives
as a one-dimensional singular
tactic to attempt to retain top
talent within your organization,
take careful account of the
other leading factors that IT
professionals are seeking. Your
current team will take notice—
and it may be the difference
between keeping and losing an
“A” player.
11. Applestoapples
Let’stakeaquicklookattheretentionofITprofessionalsfromother
industryperspectives.Aswithyourownattractionstrategies,thereare
someuniqueretentionfactorsthatareinfluencedbyotherindustries.
Compared to IT professionals, globally:
• IT professionals employed in the energy and financial services sectors specifically
emphasized management as among their top reasons for leaving
• IT professionals employed in the oil gas sector are significantly more likely to
say opportunities for advancement is a main influencer to leave an organization or
change jobs/careers:
• IT professionals employed in the life sciences industry are significantly less likely to
emphasize salary/benefits as a reason to leave their organization or change jobs/careers:
• The lack of global/international opportunities is significantly more likely to influence IT
professionals in oil gas and high-tech manufacturing to leave their organizations
or change jobs/careers, compared to the global average of IT professionals:
/11IT retention across all industries
Given your company’s
current approach to
retention—are you
at risk of losing key
IT talent to another
industry sector
altogether?
oil gas
IT professionals58% IT professionals,
globally47%
life sciences
IT professionals55% IT professionals,
globally64%
oil gas
IT professionals29%
high-tech
manufacturing
IT professionals
25% IT professionals,
globally
20%
13. /13
Thesupplyisshort,and
thegapisamanagement
nightmare
Technological advancements alone are propelling our society
forward at a dizzying pace. With or without a solid talent strategy,
it’s only a matter of time before your organization is faced with an
attraction or retention scenario it will be challenged to overcome.
As an IT leader, you must continue to pursue strategic support and actionable data that can
drive your overall business strategy forward—your talent strategy must be directly linked.
Take time to understand what motivates and inspires your current team, and consider what
attraction components will enable you to be more competitive when you need to bring in
new talent. The preparation will help you weather the inevitable storms that lie ahead.
conclusion