InitiativesRecruiting and Grooming Future CIOsBy Courtney Macavinta
The success of most CIOs relies in large part on recruiting and retaining the most talented IT staff. Although analysts say IT leaders have expanded recruiting efforts to tap technology and business degree programs, it's somewhat surprising that most are still largely absent from deeper involvement with colleges and universities -- the training grounds for the majority of their future employees. While 88% of IT organizations recruit computer science graduates, the level of involvement with higher education institutions among these same enterprises is much lower, according to February 2007 Forrester Research report "CIOs Should Build IT/Academia Partnerships." Forrester found that although 43% of IT organizations participate in job fairs, just 23% serve on an advisory board or lecture in the classroom. Only 12% serve on a curriculum review committee. As a result, CIOs often miss out on opportunities to shore up their talent pipeline, influence the next generation of IT talent, and realize the cost savings that accompany proactive engagement with academia. Case in point: IT organizations that are disengaged from academia have an average turnover rate of 12%, while those who work with academia have a rate of only 6%, according to Forrester. "By becoming more engaged with academia, you can increase and accelerate the productivity of those you hire -- especially at the entry level," says Forrester analyst Samuel Bright. "The CIO has to set the vision and raise this as a priority." Here's how experts say CIOs can improve their talent pool by partnering with academia: Step No. 1: Reach out Step No. 2: Train future employees through universities "You might as well shape the candidates you're going to get on someone else's dollar," Bright says. And a CIO's deeper involvement with academia "also enriches the learning experience, allowing CIOs to see the best and brightest students who need to be scooped up." Step No. 3: Partner with MBA programs Some universities also focus on CIO development. For instance, the Center for Digital Strategies at the Tuck School of Business at Dartmouth hosts roundtables for academics, Fortune 500 CIOs, and business vice presidents to foster collaboration around IT and business strategy. The center also connects CIOs with research and case studies along with its MBA candidates. "Our belief has always been that CIOs have had to become more business focused and business strategic to be successful," says Eric Johnson, a director of Tuck's Center for Digital Strategies. "At Tuck, we are extremely focused on one residential MBA program which is designed to create general managers. We see functional areas like marketing, supply chain, and finance all as critical parts of general managing, and IT is a thread that runs through all that." The payoff for IT organizations to partner with academia is well worth the investment given the fact, Johnson says, "that we have students who want to be CIOs one day." Courtney Macavinta is a Silicon Valley-based business and technology writer. Her articles have appeared in CNET News.com, Business 2.0, Red Herring, Wired News, and The Washington Post. She also is managing editor of The Online Family (TheOnlineFamily.net). |
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"By becoming more engaged with academia you can increase and accelerate the productivity of those you hire." --Samuel Bright, Analyst, Forrester Research Podcast Audio ContentCIO Strategy Center is now available in audio format. This week's feature topic is: Risks of Wireless EmailPlaytime: 8 min 23 sec |