IDG Contributor Network: 3 ways big firms can compete with startups for top tech talent
CIOs looking to hire good talent risk being caught in a pincer as fast rising demand runs up against falling supply. Ever more companies and functions need staff with strong tech skills, while the number of STEM graduates in developed countries is in decline. Yet perhaps the most difficult part of the challenge is competition with startups. Startups offer much of what IT employees prioritize when considering an employer – compensation, future career opportunities and ongoing development, according to data from CEB, now part of Gartner (Disclosure: I am employed by CEB, now Gartner).In addition to a competitive salary, many startups attract top talent by offering the opportunity to own a stake in the company. They give employees the opportunity to move ideas quickly from conception to commercialization and to move careers forward at a similar pace, instead of waiting several years. While most big companies talk a good game about innovation and creativity, in reality caution usually comes first. In contrast, creative and independent work is the lifeblood of many startups.To read this article in full or to leave a comment, please click here