CIOs splashing out to attract and retain top talent
Higher salaries and bonuses are the top method Australian IT employers are using to both attract and retain talent, according to research from specialist recruiter Robert Half.
A survey of Australian CIOs found that half of IT employers (50%) are offering higher remuneration to attract top IT talent, and 48% are using higher remuneration to retain talent in a competitive job market.
This is reflected in Robert Half recent finding that annual wage growth in the Australian IT sector increased 3.3% in 2018, higher than the national average across all industries.
Other popular initiatives for attracting the best talent include offering additional employee benefits (42%) and fostering an enhanced work culture with initiatives such as health and wellbeing programs (38%).
With their approach to staff retention, these positions are flipped, with 48% of CIOs focusing on developing an enhanced work culture and 38% on awarding more employee benefits.
“As Australia’s IT sector booms, companies are calling for the highest calibre candidates to remain competitive, drive innovation and implement new technologies faster than ever before,” Robert Half Australia Director Andrew Morris said.
“Consequently, as top IT talent becomes more highly sought after in Australia’s tightening IT talent pool, companies are required to offer competitive salaries in order to successfully attract, recruit and retain the most skilled and talented candidates.”
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