CEOs from growing technology companies value their employees and are looking to increase their ranks but finding new employees is their biggest operational challenge. According to a new study from Deloitte, confidence in their future growth is why 97% of the respondents to the 2006 CEO Survey of Deloitte's Technology Fast 500 are planning to hire within the next 12 months. But 41% complain they are unable to locate the right employees.
"The majority of Fast 500 CEOs foresee their growth being organic rather than the result of acquisitions, so finding and hiring the right employees to support that growth is paramount," said Tony Kern, deputy national managing principal of Deloitte's U.S. TMT industry practice.
While 71% of CEOs are offering stock options or some form of ownership interest to attract employees, others are turning to lifestyle benefits: 49% offer flexible work hours and 23% offer additional vacation days. Other options that might entice employees are career track guidance which explains why 35% of the companies offer training and development programs and 28% provide a career growth plan.
View more information on the study 2006 Technology Fast 500 CEO Survey Results.