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.
In the recruiting arena for tech jobs amenities is key. Nap rooms seem to be the latest amenity being added to the roster.
From the BBJ:
Cayan, a Boston-based payment technology company, has invested $8 million to renovate its offices at One Federal St. in Boston’s Financial District as well as the company’s office in the Northern Ireland capital of Belfast. CEO Henry Helgeson said the renovation was part of an effort to attract and retain top talent — particularly software engineers, which are in increasingly high demand in Boston’s uber-competitive tech world.
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No longer is the Financial District home to money managers, law firms and accounting firms. Now, tech firms are moving in to take advantage of the largest concentration of office space north of New York city combined with great infrastructure and competitive pricing. Tech Firms want fault tolerant power, redundant Telco and security that can accommodate companies on one floor. Class A towers have this option and are opening their doors and reposition themselves to attract this type of tenant. On a tour a property manager for a Class A tower had a new issue she had never dealt with before, a broken window from a floor hockey game from a new tenant. Problem solved, by her dedicated team of technicians, but that was a first.
An article on BetaBoston.com declares, “Boston’s Financial District, of all places, has emerged as a hotspot for the region’s tech startups.” The author reports finding “more than 30 tech companies large and small that occupy offices in the Financial District.”
The complete article, along with a complete list of tech companies in Boston’s Financial District, is available on the Boston.com offshoot, BetaBoston.com