Report: Uptick In Hiring Could Be Stymied By Lack Of Skilled Workers - InformationWeek
IoT
IoT
News
News
4/19/2006
08:28 PM
50%
50%
RELATED EVENTS
[Best Practices] Managing Multiple Clouds
Jul 26, 2017
Putting all your eggs in one cloud basket is risky, because clouds are not immune to denials of se ...Read More>>

Report: Uptick In Hiring Could Be Stymied By Lack Of Skilled Workers

Chief executive officers plan to increase head count within the next 12 months, but say finding the correct people for the job has proven difficult, according to Deloitte.

Chief executive officers plan to increase headcount within the next 12 months, but say finding the correct people for the job proves difficult, according to a study released Wednesday.

While 97 percent said they plan to grow their workforce, 41 percent said finding, hiring and retaining qualified employees remains the major challenge, said Tony Kern, deputy national managing principal at Deloitte.

CEOs also have begun to give employees credit for the company's growth. More than half, 66 percent, of the CEOs said high-quality employees contribute most to the company's success, up from 25 percent last year and 19 percent in 2004.

The problem with filling jobs in the United States has been skilled workers from India, China and other educated countries are not as attracted as in prior years to finding jobs in the U.S. market. "The United States and Canada are still attractive places to work, but there are compensating balances in other countries," Kern said.

To attract employees, 71 percent have upped stock options or some form of ownership interest. Others offer flexible work hours, 49 percent, and additional vacation days, 23 percent. Thirty five percent offer training and development programs, and 28 percent provide a career growth plan.

The technology sector has begun to step out of the slump it entered about five years ago, when the market bottomed out, Kern said.

CEOs are finding it easiest to hire people in India. "It's not as third-worldish as you might think," Kern said. "India and China have a long way to go, compared with the U.S. and the U.K., but it's not as backwards or without benefits as you might think and you can live extremely well."

The survey conducted during the first quarter of 2006 by Deloitte’s Technology, Media & Telecommunications (TMT) Group. Deloitte’s Technology Fast 500 is an annual ranking of the fastest growing technology companies in North America based on percentage revenue growth over five years.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
IT Strategies to Conquer the Cloud
Chances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll