CIOs fear mass IT exodus following economic recovery
Network World - IT professionals asked to do more work for less pay and fewer benefits might be able to forgive their employers' financial choices, but industry watchers say high-tech workers won't soon forget being treated poorly during the most recent economic recession and will look to find other employment opportunities as soon as the recovery gets under way.
Robert Half Technology this week released findings of a survey of 1,400 CIOs that showed 43% said retaining existing workers will be their top staffing priority in 2010. The IT staffing and consultancy firm also reported that 21% of CIOs polled said they would offer more training and professional development opportunities to employers in 2010.
"Employers need to focus on preventing burnout and keeping their best people engaged at work. This may be a challenge, given that staffing cuts and the reduction or elimination of benefits have left many employees feeling overworked and undervalued," said Dave Willmer, executive director at Robert Half Technology, in a statement.
Robert Half Technology suggested a few retention efforts IT employers must begin now, including training and career development programs and career advancement opportunities. CIOs should re-recruit their best employees, which essentially means they must start working to convince them to stay on board.
Other suggestions include recognizing excellence and providing project support. Robert Half Technology also suggests managers communicate regularly with staff, encourage team-building activities and promote work/life balance. Lastly, the firm says CIOs need to consider the compensation packages they offer as well as re-evaluate the workloads employees are carrying. Effort such as these will be important in reducing turnover, according to the firm.
"Companies may have to work at 're-selling' themselves to existing employees in much the same way they would when promoting themselves to prospective hires," Willmer added.
Yet it may be too late to convince some employees to stay, suggests other research, which points to data collected after previous recessions and shows employees will seek other employment during the recovery. According to the September 2009 "Managing talent in a turbulent economy: Keeping your team intact" report from Deloitte Consulting, "a resume tsunami may threaten unprepared companies as key employees who held on to their jobs in tough times seek out better opportunities when economic fears recede."
Jeff Schwartz, principal of human capital at Deloitte Consulting, says there isn't much evidence to suggest that the recovery following the most recent economic recession will be any different in terms of employee turnover than previous downturns.
"There are some lessons that many in IT learned from the last recession that occurs about 12 to 24 months after the end of the recession: very critical workers leave," Schwartz says. "Companies, especially in IT, need to get ahead of the curve in terms of retention plans in the next year because it is a very reasonable bet that companies are going to see a pike in turnover after this recession."
- The Growing Demand for Rich Media This white paper discusses how IBM Customer Experience Suite Rich Media Edition can automate rich media workflows, from collaborating with creative agencies and...
- The Next Generation Employee Experience This white paper from IBM, showcases five organizations that are strategically integrating emerging social software and tools with their existing investments and seeing...
- Jyske Bank extends brand message to more than one million visitors a month IBM WebSphere Portal software helps bank offer a clearly differentiated digital experience
- CIOs Deliver Productivity Breakthroughs with Intelligent Digital Signage Retailers have long recognized the influence that digital signage provides over a shopper's point-of-purchase decision making process.
- Transform Your IT Service Management Watch this webinar, to learn how EasyVista can increase IT productivity & efficiency and deliver streamlined & integrated IT Service & Asset Mgmt.
- Top 4 Digital Signage Fails Join RMG Networks for a look at four of the most common reasons digital signage fails in corporate businesses. Learn about strategies to... All Management White Papers | Webcasts