Money top retention tool for IT: Survey

Work-life balance and training also important for keeping top talent
By
|hrreporter.com|Last Updated: 05/12/2008

In the IT industry, money talks, but it's not the only employee-loyalty tool, according to a new survey.

The survey by staffing firm Robert Half Technology asked 270 chief information officers (CIOs) to identify the most effective ways to keep IT staff. It found compensation, at 27 per cent, topped the list.

Providing flexible schedules was close behind, cited by 21 per cent of respondents, while another 17 per cent said opportunities for professional development helped to improve retention rates.