How Big Companies Recruit and Hire for IT Skills

How Big Companies Recruit and Hire for IT SkillsHow Big Companies Recruit and Hire for IT SkillsHow Big Companies Recruit and Hire for IT Skills West, PayScale.comTech-industry employees are among the best paid, most highly skilled and most sought-after workers anywhere. But employers are finding that it takes more than money to recruit and retain the best of the best.Paying for top talent is important, but it isnt the only variable, says Stacey Carroll, principal consultant at Payscale.com, which provides both workers and employers with in-depth salary and career information. After all, if it was simply about money, then every company would just write bigger checks.Theres no magic app for attracting top talentand ensuring employee satisfaction, yet a few leading technology companies have succeeded in creating a winning combination of salary, benefits, work environment and company culture. This recipe for success makes them a target for job seekers and keeps their workers happy and p roductive, according to a new report from PayScale.com.The Top Tech Employer Comparison report ranks more than 20 leading tech-industry employers, from long-established companies like Microsoft to newer companies like facebook inc, on issues such as employee compensation, demographics, benefits and perks, job flexibility, work stress, job satisfaction, and the level of meaning that employees find in their work.Who Are Tech Companies Hiring?Based on the reports findings, tech-industry employees tend to be well-educatedThe majority (55 percent) have at least a bachelors degree.15 percent have only associate degrees6 percent have MBAs14 percent have other types of masters degrees3 percent have PhDsLeading the list of tech-industry hires are graduates of universities known for their outstanding technology programs, schools such as Stanford, Carnegie Mellon and the Massachusetts Institute of Technology. The most common majors among students who land jobs with technology companies include Computer engineeringSoftware engineeringSupply chain managementFinance and marketingTech Remains a Mans World The reports findings show that thetech industry is leise a mans world to a large extent. At all but one of the companies studied, male employees significantly outnumber female employees.At more than half of those companies, men account for at least three-quarters of the workforce. That includes longtime tech-industry leaders such as Microsoft (79 percent male/21 percent female) and Intel (82/18) as well as younger companies such as Google (74/26) and Facebook (79/21). Most tech employees are also relatively young, ranging from a median age of 26 at Facebook to a median age of 39 at Hewlett-Packard.How Do Tech Employees Rate Salary and Benefits Versus Job Meaning and Flexibility?According to Carroll, todays tech employees, especially younger Gen Y employees, are looking for jobs that provide meaningful work, along with workplace flexibilityand good pay.Its a formula that comp anies are eager to perfect. Yet comparing employee compensationat top technology companies with other leading indicators underscores the elusive connection between paycheck size and job satisfaction.Of the 21 companies covered by the report, for example, Facebook ranks 12 for median starting pay and 8 for median mid-career pay, but the company ranks 2 for overall job satisfaction with a score of 88 percent (the percentage of employees who report feeling fairly satisfied to extremely satisfied at work).Compare that to Yahoo, which pays its employees better at every stage the company places sixth for starting pay and third for mid-career pay yet is near the bottom of the list for job satisfaction.The difference may have something to do with the high marks Facebook receives for job flexibility and job meaning. Facebook exceeds all other tech companies in job flexibility with a score of 94 percent (the percentage of employees who say they are able to fully determine their own schedule s and time off, with or without advance notice.)The company places second in job meaning with a score of 81 percent (based on the number of employees who answer yes or very much so to the question, Does your job make the world a better place?). By contrast, Yahoo ranks 7 for job flexibility (88 percent) and 14 for job meaning (51 percent).Achieving High Job Satisfaction Among Tech EmployeesCompeting for tech talent never gets easier, nor is it a perfect mathematical equation, Carroll says. Instead its about understanding your market, knowing what your current and prospective employees are looking for, and doing your best to create the environment that attracts the right workers to your company.Yet companies that want to recruit IT candidatesand retain highly-skilled tech workers cant afford to overlook compensation as a key part of their strategy, according to Katie Bardaro, lead economist at Payscale.com.There is a vacuum right now for top tech talent, so if you can afford it then you need to provide employees with pay incentives, she says. This is especially true for current employees who may be wooed by competitors.Make them feel valued to drive employee motivationand provide them with a reason to stay, because it will be nearly impossible to replace them in todays tech-hungry world, where the demand for tech workers is outpacing the current supply.