Tech Companies Shift Talent Investments

CAREERS & RECRUITING

T o appeal to today’s workers, technology and telecommunications companies are dropping the traditional approach to talent management—like big salaries and retirement packages—in favor of the personalized career guidance and management favored by Generation Y/Millennial workers.

Between 2006 and 2007, these companies significantly increased their talent investment in the following programs:

Internal communications (increased by 52%)

Learning and development (46%)

Experienced staff recruitment (45%)

Mentoring and coaching (44%)

Reward packages (42%)

Culture change (33%)

According to the report, the next step for these companies is to make personalized career development a standard practice, instead of reserving it for special circumstances.

The complete report is available at www.deloitte.com/us/techtalent .

Source: Deloitte Consulting LLP�s Competing for Talent .