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CIOs Reveal Effective Retention Strategies

Mar 30, 2006
By

CIO Update Staff






With demand for IT talent once again on the rise, businesses today are providing professional development opportunities to retain their best people as a first step.

Offering flexible schedules and increasing base compensation also are popular retention strategies, among 47% and 41% of respondents, respectively.

The national poll includes responses from more than 1,400 CIOs from a stratified random sample of U.S. companies with 100 or more employees. It was conducted by an independent research firm and developed by IT staffing firm Robert Half Technology (RHT).


Specifically, CIOs were asked: “What steps, if any, is your firm taking to retain key IT talent?”

Their responses:

  • Providing training or professional development 63%
  • Offering flexible schedules 47%
  • Increasing base compensation 41%
  • Offering bonuses 31%
  • Offering equity incentives 9%
  • Other 4%
  • None/no steps taken 23%
  • (Multiple responses were allowed.)

    “As the number of job opportunities for IT professionals increases, many CIOs are making retention a priority, said Katherine Spencer Lee, executive director of Robert Half Technology in a statement.

    “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.”

    This report was taken from a RHT press release issued March 29.


     

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