The competition for “Tech Talent” is fierce and companies are pulling out all the stops to reign supreme. Employers are thinking far beyond just compensation to recruit and retain top talent, added to the list are:
- Location: Employees are demanding easy access via the T, Bus, Bike, Boat or Walk.
- Amenities: Employees want abundant food, workout and after hours options.
- Space: The space needs a balance of “Me Space and We Space” to foster collaboration.
Employers are additionally asking their workforce to aid them in finding top talent by offering perks such as worldwide trips.
From the BBJ:
“This is what you need to do to be competitive,” said Cayan CEO Henry Helgeson, adding that the talent battle has forced him to rethink his recruiting strategy.
This spring, workers will put the finishing touches on the Cayan renovation, which has ditched the large conference tables and swivel chairs that typically populate office common areas in favor of barstools and high-set slabs more often associated with a pub. Helgeson says people think he’s crazy for that idea, but he wants employees to be eye-level to presenters in conferences to eliminate unnecessary hierarchies, he said. Innovative spaces like these prove to be a cost-benefit for attracting and retaining top talent in the long run. After all, recruiting firms take a cut of between 20 to 30 percent of each new hire’s salary, and those costs can easily mount into the millions annually for a growing tech firm.