Keeping IT skills updated
Training is important in every field and so it is in IT. If the technical knowledge of your employees are outdated, then the biggest loser is the business. Companies need to arrange IT training sessions at regular intervals to update its IT workers’ skills and maintain company’s competitive advantage.
If a business has a tight budget and cannot afford IT training, there are other ways they can explore. For example, they can try associating with IT training companies. These companies often offer IT training for executives at discounted rates. A business can also try circulating IT magazines among its IT team members to scale up their IT knowledge. In other words, a CIO must not leave any stone unturned to ensure the growth his company’s IT workers.
Retaining IT professionals
Retaining IT experts has become quite a challenge for companies for some time. In a survey, 34% of CIOs said they are worried about losing their top performers to their competitors. As the economy gains momentum, the risk of losing candidates also increases. So what can a business do to retain its top talent? Compensation of course remains to be an important factor, but there are other factors as well – training and appreciation of a worker, which greatly influences the retention rate of a business.
Scarcity of real talent
Let’s accept the fact. There’s a gap between demand and supply of genuine IT talent. Most CIOs will agree that filling an IT position is getting tougher every day and one of the main reasons for this is the shortage of IT candidates. This has contributed to the rising demand for staffing agencies that specialize in finding and recruiting IT professionals. Technology is important but people are more important, especially when the technology is in high demand.
A CIO should also have a provision for replacement staffing in his plan. Despite his best effort, a resource might decide to leave a project right in the middle. Finding an immediate replacement can be a challenge for a CIO. He can work with a staffing firm to fill in a vacant position faster without disturbing the progress of a project.