Remember when you could entice talented young technology resources to your firm with promises of Friday beer parties and foosball? Remember offering unlimited snacks to keep people from roaming too far from their cubicles? Remember casual Fridays? Once upon a time these initiatives were hallmarks of progressive technology departments that could attract top talent. These days they can come across as outdated gimmicks. But if you’re still using them, you’re not alone. Cutter’s investment management clients tell us it’s challenging for them to find, hire, and keep high quality, motivated technology staff, and they cite several factors:
Investment managers need to do more than offer casual Fridays to resolve their technology resourcing challenges. They need to change their corporate culture in fundamental ways to give employees greater job satisfaction and improve the quality of their lives, and the following are just a few examples:
These techniques can help you hire and retain technology stars. And unlike foosball and beer, they’re likely to improve productivity at the same time.
Best Practices for Attracting and Retaining the New Generation of Technology Talent
Focus Consulting Group is known for their work advising investment leaders on leveraging their investment talent worldwide. Our guest speaker will share the firm’s research and best practices for attracting and retaining technology talent in our ever-changing industry. New expectations about work such as access to cool technology, autonomy, development, and career pathing are having a big impact on engagement. Getting these right is critical to success because competition for this talent pool is no longer limited to investment firms. As one leader put it, “Our competitive edge goes up and down in the elevators every day. My biggest fear is that one day they’ll go down, and won’t come back up.”
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